Mon.Oct 05, 2020

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Forbearance rate drops to 6.81%, MBA says

Housing Wire

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis poin

Loans 525
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Why Pricing Your House Right Is Essential

Keeping Current Matters

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year.

Sales 278
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Mortgage delinquencies expected to remain above pre-pandemic levels until 2022

Housing Wire

Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances hit their 12-month expiration in March 2021, there may be more than 1 million excess delinquencies.

Mortgages 442
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Late Musician Dave Brubeck’s Jazzy Japanese-Inspired Home Available for $2.75M

Realtor.com

Douglas Elliman, CBS Photo Archive/Getty An impeccably composed home built for the late jazz musician Dave Brubeck has come on the market. The estate in Wilton, CT, is listed for $2.75 million. The home was built for the Brubeck family in the early 1960s by the architect Beverley David Thorne , and was designed to blend harmoniously with the surrounding land.

Land 145
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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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Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Housing Wire

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. He saw the big competitors only getting bigger. He wondered how a smaller retail-and-wholesale shop could possibly compete with the likes of Rocket Companies , with massive budgets for technology and an ability to scale and expand margins. But he ran the numbers, and says he was surprised at what he found.

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Rock Venture’s Trina Scott on adjusting business strategy during social upheaval

Housing Wire

Trina Scott, chief diversity officer at Rock Ventures and 2020 HousingWire Woman of Influence , will speak at our HousingWire Annual event on Oct. 8. HousingWire sat down with Scott ahead of that event to get a glimpse of what she’ll be talking about during her panel entitled: Business Strategy During Social Upheaval. During the interview, Scott shares why this session is important, her advice to mortgage executives when it comes to starting the conversation on how to create a business strategy

Equity 215
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8 Pest Control Mistakes You’re Making That Are Sure To Invite the Critters In

Realtor.com

TheCrimsonMonkey/Getty Images You probably don’t think—or don’t want to think —much about the creepy crawlers and rodents that could be hiding in your home. But that doesn’t mean they aren’t there. (Cue the spooky music!). The truth is, many of us unknowingly live alongside bugs, mice, and plenty of other uninvited guests lurking in our homes.

Closing 126
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Green housing expert Bob Simpson to speak at HousingWire Annual Oct. 8

Housing Wire

A consequential change in decarbonizing housing stock hasn’t been a priority in this pandemic year, but post-pandemic, it is sure to rise in importance. With nearly 40% of total U.S. energy consumption used in the residential and commercial sector, the housing industry is front and center in creating solutions to this problem. That’s why we’ve invited Bob Simpson, founder of Simpson Impact Strategies , to moderate a panel at our HousingWire Annual event on Oct. 8, discussing how 2021 may see som

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Jumbo Fort Greene Brownstone With 12 Mantels, Grand Details in Need of Work Asks $6.5 Million

Brownstoner

This Fort Greene Neo-Grec has the impressive proportions and intricately detailed woodwork that might capture an old house enthusiast willing to take on a property in estate condition. The 33-foot-wide house also has a location across from Fort Greene Park, at 198 Washington Park, in the historic district. The brownstone… Read More > The post Jumbo Fort Greene Brownstone With 12 Mantels, Grand Details in Need of Work Asks $6.5 Million appeared first on Brownstoner.

Marketing 124
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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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Mortgage and refinance rates today, October 5, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell last Friday. And that all but wiped out Thursday’s rise. So they ended the week very slightly lower than they started […].

Mortgages 116
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Opinion: Making affordable housing unaffordable

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Opinion: Making affordable housing unaffordable. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. My partner and I invested just under $1 million to purchase a beautiful ranch-style bungalow that we converted into long-term affordable "home share" housing for seniors in Peterbo

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8 Ideas to Create a Safe and Spooky Halloween Experience at Home

Homes.com

Halloween is most likely going to look a lot different this year. If you're in the camp of staying at home but need help in what to do, Homes.com has you covered. The post 8 Ideas to Create a Safe and Spooky Halloween Experience at Home appeared first on Homes.com.

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kvCORE Review: What Does It Offer Teams & Brokerages in 2020?

The Close

A few years back, I used kvCORE as the website and CRM solution for my team of 30+ agents. I heard recently that kvCORE added some new features, so I wanted to take a fresh look and review kvCORE in 2020 to see how it stacks up against other CRM platforms. Teams that generate hundreds, if not thousands, of new online leads each month all have one thing in common—an all-in-one customer relationship management (CRM) platform.

Brokerage 105
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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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Sharp Decline in Real GDP in All States: 2Q20

Eye on Housing

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from.

Marketing 116
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What Services Do Movers Provide

Maximum Exposure Real Estate

What Will Movers Do For You? Are you going to be buying or selling a home? One of the most challenging aspects of each is moving. Let’s face it; moving is hard work. If you want to avoid any of the back-breaking work involved in moving home, you can. Full-service movers can step in to […]. The post What Services Do Movers Provide appeared first on Massachusetts Real Estate Exposure.

Marketing 106
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Looking for more focus in your life? We’ve got a book for that [Interview]

The American Genius for Real Estate

(OP / ED) Here are some actionable items and consideration on how to focus in such an unfocused world, from Austinite Erik Qualman, 5 time best selling author and keynote speaker. The post Looking for more focus in your life? We’ve got a book for that [Interview] appeared first on The American Genius Real Estate.

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Breweries To Try

Waterfront Properties

Craft beer has become a huge part of the culture here in Palm Beach County. The county is currently home to 19 breweries and counting both big and small. Many of the breweries in Palm Beach County credit and measure their success in craft beer by the quality of their batches with flavors suitable to the tropical environment of South Florida. Mostly all the breweries have a full-service restaurant, entertainment, outdoor patio areas, gluten-free menu options and more.

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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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Former OPI Exec Lists Italian-Style Villa in Beverly Hills for $33 Million

Fancy Pants Homes

Miriam Schaeffer, a former executive at nail polish giant OPI Products, is looking to sell her Italian-style villa in Beverly Hills, CA — and won’t settle for just any amount. The nail polish mogul — who is also the former wife of George Schaeffer, founder of the popular nail polish brand — is asking a hefty $33 million for her opulent home set in one of the most sough-after streets in the area, Roxbury Drive, a historically popular address among celebrities.

Branding 105
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Curvaceous ‘Sand Dollar House’ Floats Onto the Market in Texas for $2.2M

Realtor.com

realtor.com “It’s kind of famous for this area,” says the co-listing agent, Michelle Jones , of an organic modern home designed to mimic a sand dollar. “Everybody wonders about the house,” she adds. They need wonder no more: The asking price for the distinctive local landmark is $2.2 million. The spiral-shaped, stark-white 2,240-square-foot structure is located in Lakeway, TX , roughly 20 miles northwest of Austin.

Marketing 104
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4 Must-Have Tech Tools Every Agent Should Have

McKissock

Technology is an essential part of any successfully run business, which remains valid for the real estate industry. Staying on top of industry trends is especially important for agents as every intricate part of a transaction can improve using technology and software. In this article, we will cover some of the most useful and innovative solutions out there to help any agent run their business ethically and efficiently as possible. #1: Client Relationship Management System.

Agents 103
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Unassuming Nevada Home Features an Old-Timey Main Street in the Basement

Realtor.com

realtor.com In a Nevada house that is now on the market for $445,000, it’s possible to take a stroll down Main Street without leaving the comforts of home. The main floor of a home on Cottonwood Drive in Elko, NV, resembles many open-concept tract homes we’ve seen, but the basement is the real showstopper. “The basement is like a little oasis to entertain people,” explains the listing agent, Gabriella Spring.

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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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Building the Framework of Your Team

RIS Media

How can we lead people in the right direction when they have entrusted us with their livelihoods? A team relies on their leader not only for guidance and industry expertise, but also as a role model when it comes to running a business and creating profit. A team leader’s influence extends to their clients, too. When your customers have entrusted you with one of the most important decisions of their lives—buying and selling their homes—there is a lot to be gained from effective leadership.

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Showings Are Still Elevated

BubbleInfo

Not only does the current level of showings make up for the dip we had at the beginning of the Covid-19 market, but the 7-day moving average was higher on Saturday than all but two days this year (now 225% higher than it was during the first week of 2020). As long as mortgage rates […]. The post Showings Are Still Elevated appeared first on bubbleinfo.com.

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Pumpkin Patches To Visit This October

Waterfront Properties

Fall is here and its officially pumpkin patch season. With Halloween right around the corner, what better way to celebrate than picking out a perfectly good pumpkin at one of our local pumpkin patches. Here is a list of the best Pumpkin Patches in our area. Trinity United Methodist Church- Palm Beach Gardens The church opened it annual pumpkin patch last Friday, October 2nd until the end of the month.

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Inventory Watch

BubbleInfo

The end of the month is usually the most popular time for closings, and last week was huge. There were 85 SFR escrows closed between La Jolla and Carlsbad since last Monday! So the total-pendings count dropped a bit, but so did the actives. There are FEWER houses for sale now than there were in […]. The post Inventory Watch appeared first on bubbleinfo.com.

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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.