Mon.Dec 14, 2020

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Housing 2020 recap: Demographics popped the housing bubble boys

Housing Wire

What a crazy year we have all been through. Last year, I visited Japan, London, Puerto Rico, Oregon and Las Vegas twice. This year I had fewer visits than that to my local barber and I was ecstatic to be there. This was the year we relearned to appreciate small things. Adventure and excitement were out, and safety was in. On the economic front, COVID-19 was the mother of all exogenous shocks.

Sales 545
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5 Steps to Follow When Applying for Forbearance

Keeping Current Matters

If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works.

Mortgages 231
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Forbearance loans decrease, but new requests are highest since August

Housing Wire

The total number of loans in forbearance decreased from 5.54% to 5.48% as of Dec. 6, according to the Mortgage Bankers Association. Fannie Mae and Freddie Mac loans in forbearance decreased to 3.26% – an 8-point improvement. Ginnie Mae loans in forbearance decreased 21 points to 7.68%. Despite a dramatic point improvement, borrowers are still seeking relief, according to Mike Fratantoni, MBA’s senior vice president and chief economist. “New forbearance requests reached their highest level

Loans 544
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Jazz Great Cecil Taylor’s Fort Greene Row House on the Market for $2.499 Million

Brownstoner

While this 1850s Fort Greene row house has a charming period facade it's the 20th century history behind the house that should spark some interest. For decades 135 Fort Greene Place was the home of renowned avant-garde jazz pianist Cecil Taylor. The acclaimed artist was already in residence when he purchased… Read More > The post Jazz Great Cecil Taylor’s Fort Greene Row House on the Market for $2.499 Million appeared first on Brownstoner.

Marketing 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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Austin now a magnet for tech workers wanting to buy homes

Housing Wire

The Lone Star State has long been attractive to businesses of all kinds. The combination of warm weather, lots of space to build and the lack of a state income tax has been drawing companies for years. But this year, with tech companies and tech workers fleeing traditional tech hubs in droves, the trend has only accelerated, especially in the state’s capital, Austin.

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Virtual Home Assessment in a Pandemic

Realty Biz

Because of the coronavirus taking over the world by its feet, it has become evident that maintaining the distance is a must. Taking the safety precautions of staying 2 feet away from others and making sure that there is no public gathering is a new and fresh innovation for many businesses. Robot’s hand types on keyboard. 3D illustration. THE NEED FOR VIRTUAL ASSESSMENT.

Land 137

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How Cloudflare’s web analytics could give Google’s tools a run for their money

The American Genius for Real Estate

(REAL ESTATE TECH NEWS) In a world where data is king, Cloudflare's web analytics value user privacy, staking them as pioneers against other analytic tools. The post How Cloudflare’s web analytics could give Google’s tools a run for their money appeared first on The American Genius Real Estate.

As-is 128
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Opendoor expands suite of services in multiple states

Housing Wire

Opendoor announced last week that it has expanded its iBuying services in Provo and Ogden, Utah; Rochester, Minnesota; Lakeland, Winter Haven, Sarasota, Deltona, and Ormond Beach, Florida; and Oxnard, Thousand Oaks, and Ventura, California. The iBuyer also said that homebuyers in Tucson, Arizona; Charlotte, North Carolina; Houston; San Antonio; and Austin, Texas, can tour and purchase any home on the market, via Opendoor.

VA loan 414
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Two-Story Foyer Continues Downward Trend in 2019

Eye on Housing

Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows that the share of new homes with a two-story foyer continued to decline nationally and regionally except the Northeast. According to the Census, a two-story foyer is defined as the entranceway inside the front door of the house and has a ceiling that is.

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Mortgage Tech Rundown: Rocket Mortgage, Tavant and Black Knight

Housing Wire

Nexsys Technologies , a subsidiary of Rocket Companies , launched its Clear HOI platform for all mortgage lenders on Wednesday – a new product it says will cut homeowners’ insurance verification time to mere minutes. The platform will allow lenders to automate the verification process rather than requiring manual confirmation from both parties.

Mortgages 385
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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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Fitch, Another Big Three Credit Agency, Forecasts Falling Canadian Real Estate Prices

Better Dwelling

Canadian real estate prices just got another negative forecast from a Big Three credit rating agency. Fitch Ratings released its Global Housing Outlook this month, which contained a forecast for Canadian home prices. The firm generally sees home prices falling next year, as well as the delinquency rate nearly doubling. Canadian Real Estate Prices Forecasted […].

Mortgages 120
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How to add flexibility and personalization to the borrower experience

Housing Wire

Mortgage lender and servicer Homepoint – formerly known as Home Point Financial – recently launched a mobile app that is growing in popularity amongst its customers and mortgage broker partners. The app, a mobile extension of Homepoint’s online Home Ownership Platform (or “HOP”), was formally announced as a featured item in the unveiling of its new brand last week.

Branding 369
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Real costs of owning a home and how much can you afford?

Zolo

How to be realistic when determining your home purchase price range. The post Real costs of owning a home and how much can you afford? appeared first on Zolo.

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Top Five: Blog Posts Of 2020!

Toronto Realty Blog

TorontoRealtyBlog. Don’t say I didn’t warn you! I specifically didn’t post new content on Friday because I knew you’d all need to be fresh, eager, and well-rested this morning in order to power through this week’s blogs. Those long-term readers among you will recall the length of these “year-end” blog posts.

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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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Canadian Household Debt To Income Surges, Previous Quarter Revised Higher

Better Dwelling

Canadians didn’t see their debt problems improve nearly as much as previously thought. Statistics Canada (Stat Can) data shows household debt to income made a big quarterly jump in Q3. The rise was accompanied by a substantial upward revision of the previous quarter. The ratio has now already retraced half of the drop it made […]. The post Canadian Household Debt To Income Surges, Previous Quarter Revised Higher appeared first on Better Dwelling.

Mortgages 111
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Mortgage and refinance rates today, December 14, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched a little lower last Friday. So they’re now equal to the most recent all-time low. This morning, markets seem in a […].

Mortgages 109
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Solid Gains for October Single-Family Permits

Eye on Housing

Over the first ten months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 808,301. On a year-over-year (YoY) basis, this is an 11.1% increase over the October 2019 level of 727,301. Year-to-date ending in October, single-family permits across the four regions ranged from an increase of 13.3% in the South to an increase of 7.0% in the Northeast.

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What is a Good Credit Score: Getting The Highest Credit Scores

Maximum Exposure Real Estate

The Highest Credit Scores Explained Do you know what is a good credit score? How about the highest credit score possible? Over the years working as a real estate agent lots of people have asked me what is the best credit score you can get. Having a good credit score is really important when you […]. The post What is a Good Credit Score: Getting The Highest Credit Scores appeared first on Massachusetts Real Estate Exposure.

Agents 108
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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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Bring It In – The 5 Outdoor Amenities You Can Enjoy Inside

Sotheby's International Real Estate

New York, New York | Stan Ponte & Randall Gianopulos , Sotheby’s International Realty – East Side Manhattan Brokerage. As temperatures drop in the Northern Hemisphere, homeowners are looking for creative ways to bring their outdoor activities in where it’s warm. From sports facilities to home theaters to spacious places to gather with loved ones, it’s never felt more important to focus on the interior spaces that support year-round hobbies.

Brokerage 107
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Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

Selling your home can be a time-consuming and expensive undertaking — so it’s important to work with the right company that is committed to providing the highest quality service while helping you save whenever possible. It’s easy to get excited looking at your Zestimate and seeing how much your home value has increased over the years, but it’s important to be prepared for the hidden, and sometimes overlooked, costs that these national listing portals and franchises sneak in.

Brokerage 105
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Restraining Order Lifted, Allowing Rezoning at Crown Heights Spice Factory to Move Ahead

Brownstoner

A Brooklyn judge tossed a temporary restraining order that was halting progress on the controversial 960 Franklin Avenue development in Crown Heights -- paving the way for the hotly contested building to move forward through the city’s seven-month public review process. The rezoning change would call for the proposed mixed-use development… Read More > The post Restraining Order Lifted, Allowing Rezoning at Crown Heights Spice Factory to Move Ahead appeared first on Brownstoner.

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A 10-point personal finance checklist to start 2021 strong

Zolo

End 2020 strong and go into 2021 with these practical, actionable money management tricks and tips. The post A 10-point personal finance checklist to start 2021 strong appeared first on Zolo.

Finance 102
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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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Fireplace Safety and Maintenance: What You Need to Know

RIS Media

Winter is almost here and that means you can put that wood-burning fireplace to use! Fires are a great way to unwind and stay warm throughout the season, but there are certain safety precautions and maintenance you should be aware of. Keep these in mind before you light up those logs and rest by the cozy flames. The most obvious safety concern is fire prevention, but carbon monoxide poisoning is another issue to keep on your radar.

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U.S. Poised for Wave of Evictions in January as Federal Ban Expires

Realtor.com

John Moore/Getty Images Millions of U.S. renters face the prospect of eviction in January unless federal officials extend protections put in place during the Covid-19 pandemic. That month is when the Centers for Disease Control and Prevention’s ban on evictions is set to expire. The moratorium protects tenants who have missed monthly rent payments from being thrown out of their homes if they declare financial hardship.

Banks 101
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Seattle Housing Forecast: Cyclone of Sales Activity Intensity

RIS Media

Cyclone of Sales Activity Intensity. The year 2020 brought many changes in how we live and has made many reflect on what their home means to them. In central Puget Sound, the velocity of the housing market is in tight rotation, with the sales activity intensity for each new listing going under contract at a frenzy level and higher for most price ranges and areas.

Sales 98
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Palm Beach Private Jewelry Exhibition

Waterfront Properties

A private exhibition of 40 exquisite one-of-a-kind pieces at the new Sotheby’s pop up gallery in Palm Beach. It is a rare opportunity to view master jeweler Glenn Spiro’ high-end creations. The Sotheby’s gallery at 150 Royal Poinciana Plaza in Palm Beach will be exhibiting 40 one-of-a-kind pieces from the House of ‘G.’ Jewels typically reserved for Spiro’s private ateliers in London and Geneva will be on view starting December 9 through the end of the year via an appointment-only salon.

Design 98
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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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Team Haynes: Ramping Up Despite COVID With a Focus on Collaboration

RIS Media

Ayo Haynes. Team Leader, Team Haynes. eXp Realty. www.thehaynesteam.com. Ayo Haynes leads a double life. A licensed broker in New York and Connecticut, and a working actor with credits including a two-year stint on TV’s, “As the World Turns,” the team leader of Team Haynes at eXp Realty delights in combining her passions. “As the daughter of a professional artist and a museum director, I grew up surrounded by the arts,” Haynes said. “It was to no one’s s

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Adopt A Sea Turtle At The Loggerhead Marinelife Center

Waterfront Properties

The Loggerhead Marinelife Center in Juno Beach offers a unique program that allows the public to adopt a sea turtle. The adoption program helps benefit the continuous care and treatment for the endangered, sick, and injured sea turtles housed at the sea turtle research and rehabilitation center. The Loggerhead Marinelife Center is located in the Town of Juno Beach and is a non-profit whose mission is aimed to protect the ocean and all that live in it.

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Trust, Tradition and Market Leadership

RIS Media

Michael Guthrie. CEO. Roy Wheeler Realty Company, a member of Leading Real Estate Companies of the World®. Charlottesville, Va. www.roywheeler.com. Region served: Charlottesville, Zion Crossroads, Greene County, Crozet and Western Albemarle County, Albemarle County, as well as Central Virginia. Years in real estate: 40. Number of offices: 4. Number of agents: 90+.

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Brooklyn Heights Promenade Gains Strategically Placed Boulders to Prevent Vehicle Access

Brownstoner

A Christmas tree isn't the only new adornment for the Brooklyn Heights Promenade. Strategically placed boulders have appeared at several entrances to the pedestrian walkway. The rough barriers were dropped into place after a drunk driver sped along the promenade in the early evening of December 2. Two boulders now… Read More > The post Brooklyn Heights Promenade Gains Strategically Placed Boulders to Prevent Vehicle Access appeared first on Brownstoner.

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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.