Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st

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Keeping Current Matters

MARCH 31, 2021

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes : “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions, everyone else was a tenant.

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Equity Land As-is Marketing 241

Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.

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Fixed-rate mortgage Mortgages Loans Lending 432

Better Dwelling

MARCH 31, 2021

Canadian real estate prices are one of the biggest threats to the country, said a global agency. The IMF recently completed its regularly scheduled staff report on Canada. Staff found real estate prices present one of the biggest threats to the country. The agency shared the detailed numbers produced by their valuation models with us. […]. The post Canadian Real Estate Overvalued, Toronto Needs A 28% Correction For Fair Value: IMF appeared first on Better Dwelling.

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Agents

Housing Wire

MARCH 31, 2021

The Consumer Financial Protection Bureau announced Wednesday it is rescinding seven of its temporary policies put in place to protect consumers during the pandemic. The seven rescissions will be effective Thursday, April 1, with the government agency noting that it intends to exercise the full scope of its supervisory and enforcement authority provided under the Dodd-Frank Act.

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Purchase and sale agreement Loans Land Lending 410

Brownstoner

MARCH 31, 2021

A luxury condo in Cobble Hill has radiated a shrill whistling sound for months, disrupting life in the quiet brownstone nabe with its piercing noise, according to locals. “It’s like fingernails on a blackboard,” said Dorothy Siegel, who lives a block away from the hissing tower. “It hurts your teeth,… Read More > The post Cobble Hill Residents Rattled by ‘Shrieking’ Sounds Emanating From Luxury Tower at LICH Site appeared first on Brownstoner.

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Development 135

Realtor.com

MARCH 31, 2021

Getty Images We’ve come a long way since last spring, when COVID-19 forced open houses to shut down and home tours to be canceled in favor of video viewings. Still, the pandemic does rage on. And some of us are still uncomfortable touring homes right now. Or maybe we just want to get a first peek over video before stepping foot in a stranger’s house.

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Housing Wire

MARCH 31, 2021

That was fast. Eight days after Compass unveiled a hoped-for Wall Street valuation of over $10 billion, the New York City-based residential brokerage has significantly scaled back its ambitions for an initial public offering. Compass is now offering 25 million shares of Class A common stock to potential shareholders at $18-$19 per share, according to a filing Tuesday with the Securities and Exchange Commission , which calculates into trying to raise $463 million at the mid-point.

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Brokerage Branding Residential Technology 395

Jason Fox

MARCH 31, 2021

How to Create Effective Real Estate Video Ads on Facebook. It’s highly unlikely that you wouldn’t have bumped into a real estate video ad on Facebook today. Facebook seems to be the preferred social media channel for real estate marketers and videos, their favorite medium. How did we deduce this? Not long ago, a survey found that 63% of real estate marketers invested in video.

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Marketing 116

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. During this surge, many lenders experienced challenges as they tried to deliver an ideal customer experience while closing loans at the speed of light. . While the refi boom might be slowing down, the purchase market is heating up.

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Marketing Loans Technology Mortgages 384

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

Realtor.com

MARCH 31, 2021

Tara Bussema/Houzz The six additional weeks of winter predicted by Punxsutawney Phil have come and gone—and aside from a few cold snaps here and there, it’s safe to say that spring is most definitely here. And we couldn’t be more excited to head out into the fresh air and prep our backyards for enjoying the warmer weather. But after spending what felt like the longest-ever winter indoors, you probably need to show your interiors a little love, too.

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Design As-is 113

Housing Wire

MARCH 31, 2021

The real estate settlement process can be negatively impacted by many factors. From lost documents to chasing down critical data, it’s important lenders remain organized so borrowers don’t have to endure long turnaround times and closing delays. Rigorous processes and efficient technology have never been more important than they are at this current time of high refinance activity, when lenders are managing record-breaking volumes.

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Title Technology Closing Development 370

HomeLight

MARCH 31, 2021

Maybe you’re moving into your first apartment and building a furniture collection from scratch. Or perhaps you’ve just moved and realized your existing furniture clashes with your new place. You want your rooms to feel complete and stylish, but the cost of couches, loveseats, bed frames, rugs, coffee tables, and endless other furnishings that make a space homey add up quick.

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Industrial Design Branding As-is 120

Housing Wire

MARCH 31, 2021

Remote Online Notarization, better known as RON, became a national priority in 2020, something it’s been working toward for a handful of years now. But as COVID-19 forced a new, socially distant world, 50 states were forced to take a hard look at the regulations they have around remote notarizations. This doesn’t mean that they all magically started accepting RON though (looking at you RIN – remote ink-signed notarization).

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Sales

The Mortgage Report

MARCH 31, 2021

PennyMac mortgage review showing how PennyMac compares to other top lenders for mortgage rates, customer service, and loan options.

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Mortgages Loans 128

Housing Wire

MARCH 31, 2021

Today, title documents are sent between title vendors and lenders via email, third-party email and even fax machines. Once received, lenders employ teams to manually review these title documents and re-type details into their loan origination systems. These manual processes are time-consuming, subject to data-entry errors and potential security concerns – all of which can delay a borrower’s closing date.

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Title Principal Closing Industrial 198

Better Dwelling

MARCH 31, 2021

Canadian real estate markets are getting riskier, says the country’s national housing agency. The Canada Mortgage and Housing Corporate (CMHC) released its quarterly risk assessment for March. The agency now believes two-thirds of the country’s largest markets show elevated risks. Five of those markets are now showing a high degree of vulnerability.

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Marketing Mortgages 108

HomeLight

MARCH 31, 2021

Those of us of a certain age know that tropical interior design is not a new notion (remember when The Golden Girls’ Miami Beach home was everything? ). However, like all trends that come and go, today’s iteration of tropical modernism has a fresh spin. Derived from modernism , the modern tropical decor movement takes cues from homes in humid tropical climates designed for indoor-outdoor living.

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Design Staging Land As-is 118

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

RIS Media

MARCH 31, 2021

With inventory continuing to be at record lows in 2021, a new trend is developing in the real estate market regarding new-home construction. Building permits have hit the highest they’ve been since 2006 and are up 22% from a year ago. “Land is just so hard to come by these days, so what we have noticed is builders are buying smaller plots of land inside cities/towns and building on those,” said Mike Krieg, a real estate agent for United Country Real Estate and builder in Colora

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Construction Sales Land New Construction 106

BubbleInfo

MARCH 31, 2021

Thanks to the readers who sent in this article – and it makes you wonder how many offers any house for sale would get if listing agents didn’t shut down the showings so quickly: CITRUS HEIGHTS, Calif. (KTXL) — A Citrus Heights home in a quiet cul-de-sac received 122 offers in one weekend on the […].

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Agents Sales 105

RIS Media

MARCH 31, 2021

For the past 20 years, we have witnessed the word “disruption” reach Gregorian chant-like levels of repetition at essentially every real estate convention and conference. Clearly, countervailing responses and solutions have not resonated at the same level of volume or velocity. Many so-called thought leaders would proclaim that “we must keep REALTORS?

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Industrial Agents Development As-is 106

Fancy Pants Homes

MARCH 31, 2021

Perched high over Lincoln Center, overlooking the Hudson River, sits a sophisticated modern apartment with a backstory steeped in local art history. It was home to late Academy Award-nominated filmmaker Nancy Dine who, alongside husband Jim Dine, dominated the local arts scene of the early ’60s and were considered the ultimate art-star power couple at the time.

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Design Renovation Residential As-is 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

HomeLight

MARCH 31, 2021

Take a drive into the city. Lights and skyscrapers surround you as you head to an evening of high-end cocktails in a moody downtown bar, and an exciting gala event to follow. The thought of the late-night drive home leaves you with the urge to cut the evening short. This is where a pied-a-terre comes into play. Wait. A what? Sounds fancy, it is French after all.

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As-is Agents Closing Marketing 104

RIS Media

MARCH 31, 2021

Demand is booming and mortgage rates are still low, but pending home sales continued to contract in February due to a razor-thin inventory, 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 10.6% decline last month, to 110.3.

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Sales Days on market Industrial Mortgages 102

The Mortgage Report

MARCH 31, 2021

Today’s mortgage and refinance rates Average mortgage rates rose again yesterday, quite sharply. Unfortunately, the rises over the last three working days pretty much wipe out the falls over the […].

Mortgages 101

Mortgages 101

RIS Media

MARCH 31, 2021

(TNS)— Q: My parents have had both doses of the COVID vaccine. Can my kids visit them and safely hug them? A: If your children’s grandparents have been fully vaccinated against COVID-19 for at least two weeks, then it is probably safe to let the hugs begin. Many families have been keeping a safe distance from vulnerable family members such as grandparents since the pandemic began.

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Agents

Brownstoner

MARCH 31, 2021

On a corner lot, this grand early 20th century limestone offers more than a fair amount of space along with mantels, built-ins and other period details -- not to mention the perk of a garage. Its location, at 53 St. Pauls Place in Flatbush, also has the attraction of being… Read More > The post Just South of Prospect Park, Limestone With Mantels, Built-ins, Garage Asks $2.25 Million appeared first on Brownstoner.

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RIS Media

MARCH 31, 2021

Starting a career in luxury real estate is exciting —you get to spend time looking at beautiful properties, meeting interesting people and you get to run your own business. And, just like starting any business, you’ll need to budget for your expenses along the way. In fact, knowing how to manage your real estate budget is one of the most essential skills for luxury real estate success.

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Branding Design Agents Staging 102

Brownstoner

MARCH 31, 2021

In the News Governors Island Ferry to Service Two Brooklyn Piers This Season [BP] Documents Prove Contaminants From Public Place Migrated off Site [PMFA] EMTs in Brooklyn Help Vaccinate Homebound Seniors [amNY] Dough Doughnuts Gearing Up to Reopen in Prospect Heights [Eater] Southern Brooklyn Legislators Stand Up Against Anti-Asian Hate [Bklyner] Preschool, Home Decor Shop Coming… Read More > The post Daily Links: Dough Doughnuts Will Soon Return to Brooklyn With New Prospect Heights S

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RIS Media

MARCH 31, 2021

Every top sales agent has an effective strategy for generating and closing more leads into income! Help your agents increase their production with my immediate action items that will create amazing results, fast! Today, more than ever, your agents need help procuring more listing clients. You can personally coach them to increase their success at both generating leads and converting them into appointments and, ultimately, listings and sales—fast!

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Agents Sales Closing Technology 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