Fri.Oct 30, 2020

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Redfin faces lawsuit claiming it favors white neighborhoods

Housing Wire

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states.

Brokerage 545
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Should I Renovate My House Before I Sell It? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house. If you’re ready to move, reach out to a local real estate professional to determine your best next steps in this sellers’ market.

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People movers: PropertySync, MCS, Gateway, Planet Home Lending

Housing Wire

In this week’s round-up of hiring announcements, PropertySync , a cloud-based SaaS title plant platform, announced its first CEO, naming David Floyd to the position. Floyd, who will assume the position in November 2020, brings more than 20 years of experience in the real estate industry to the role. His past roles include serving as chief operating officer for NextAce Corp. and as president of SKLD Title Services.

Lending 379
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Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply

Better Dwelling

Politicians are increasingly discussing broad upzoning as a housing affordability solution. Instead of one home on a property, you can now build two homes on the same amount of land. All across the city, in some cases. The assumption is if there’s two homes on a property, it’ll be half the price. Makes sense, right? […]. The post Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply appeared first on Better Dwelling.

Land 142
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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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Best Upgrades for Your Rental Property

Realty Biz

A beautiful, well-maintained property is paramount to securing a potential renter. If you’re searching for high-quality renters, there are a few simple ways you can attract them. Here are some of the best upgrades for your rental property. By making these changes, your property is sure to catch people’s attention. Upgrade Amenities. Upgrading to high-quality, efficient appliances won’t just save your tenants money, but it’ll save you money, too.

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Don’t Trash That Gourd! 11 Clever Things You Can Do With Leftover Pumpkins

Realtor.com

Maya23K/iStock While decorative gourd season may have spawned many memes, there’s no doubt that Americans go crazy for pumpkins in the fall, especially during the run-up to Halloween. In fact, according to the USDA , the U.S. produced more than 1.5 billion pounds of pumpkins in 2018. But what happens to those pumpkins when those jack-o’-lanterns are extinguished for good?

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More Trending

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Designed for Dread: Why Are Victorian Houses So Spooky?

Realtor.com

diane39/iStock When it comes to horror flicks, there’s nothing Hollywood loves more than a towering Victorian manse that’s a bit past its prime. After all, there’s a reason Ryan Murphy set the inaugural (and scariest) “Murder House” season of “American Horror Story” in a sprawling (and spectacularly haunted ) Victorian home.

Design 122
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Mortgage relief refinance programs for 2020

The Mortgage Report

Popular government mortgage relief programs like HARP and FMERR have ended. But there's one mortgage relief refinance left. Find out if you qualify.

Mortgages 128
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Frank Lloyd Wright-Designed Home With Only 2 Owners for Sale in Illinois

Realtor.com

realtor.com Back in 1950, John Carr commissioned a home from the legendary architect Frank Lloyd Wright. Carr initially planned for his home to be built in Park Ridge, IL. However, plans shifted just a bit, and the home was built a few years later in nearby Glenview, IL —because the Carrs were charmed by the rural status of the town at the time. It remains the only Wright-designed home in the Chicago suburb of around 50,000 residents, and it was featured in House Beautiful magazine in the 1980s

Design 121
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Celebrating RISMedia’s Real Estate Newsmakers

RIS Media

RISMedia’s Newsmakers are individuals in the real estate industry who are making headlines for their newsworthy contributions to the housing industry, and whose efforts are positively affecting the consumers and communities they serve. The following individuals went above and beyond in 2019. Join us in recognizing their achievements. Julie Kozich. Chief Real Estate Officer.

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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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13 Basement Design Ideas to Maximize Use and Value of Your Underground

HomeLight

Don’t let the dust bunnies scare you away — your basement is brimming with potential. With some sweat and creative energy, you can transform this underground space into your new favorite room in the house for only a fraction of the cost of building a home addition. “It’s relatively inexpensive. You might be putting up some walls or partial walls, but for the most part, it’s really just a remodeling versus a whole new construction type of a project,” remarks top agent Julie Warzecka ,

Design 109
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Register: The Path of Least Resistance

RIS Media

Brokers: Effectively Implementing New Technology. What: Integrating technology at the brokerage level can seem like an overwhelming task. There are myriad options and each takes time and energy to launch, learn, and effectively put into play. In this RISMedia webinar, sponsored by Constellation1 and moderated by Workman Success Systems’ Cleve Gaddis, learn how you can implement technology without wasting efforts to maximize efficiency and maintain control of the brokerage experience.

Brokerage 113
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How to improve your credit score (the right way)

Zolo

Your credit score is a three-digit number. The higher the score the better your options. The post How to improve your credit score (the right way) appeared first on Zolo.

Finance 111
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Jobless Claims Continue to Fall

Eye on Housing

Weekly initial jobless claims decreased for the week ending October 24, and continuing claims, which lag initial jobless claims by one week, fell for the week ending October 17. The decreases in initial and continuing claims reflect that labor market continues to recover from the COVID-19 pandemic gradually. According to the Unemployment Insurance Weekly Claims Report released by the U.S.

Marketing 107
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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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Mortgage and refinance rates today, October 30, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But only by the smallest measurable amount. And conventional loans today start at 3.125% (3.125% APR) for a 30-year, […].

Mortgages 107
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This Stunning Modern House Was Built With Fire Safety in Mind

Fancy Pants Homes

The record-breaking 2020 fire season has seen huge wildfires tear across California. In fact, five of the six largest fires ever recorded in the state have occurred this year, endangering residents, prompting evacuations and leading to thousands of lost buildings. Unfortunately, researchers are forecasting even longer, more extreme wildfire seasons in the years to come — which means fire safety is now fast becoming a feature more treasured than even the most extravagant of amenities.

Design 105
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Can You Sell a Home in Foreclosure? Why Time Is of the Essence

HomeLight

If you’re wondering, “Can I sell my home if it is in foreclosure?” you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

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Daily Links: Activists Want South Brooklyn Marine Terminal to Become Wind Turbine Assembly Plant

Brownstoner

In the News An Apartment in Brooklyn or a House Upstate? She Had Budget for One [NYT] Work to Begin on Crucial Section of Brooklyn Greenway Bike Path [BP] Offshore Wind Energy Hopes Brighten Sunset Park Outlook [The City] Alternate Side Parking Rules Stay in Effect in Brooklyn Red Zone [The City] Brooklyn Landlords Hit… Read More > The post Daily Links: Activists Want South Brooklyn Marine Terminal to Become Wind Turbine Assembly Plant appeared first on Brownstoner.

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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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September Gains in Personal Income

Eye on Housing

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased to a seasonally adjusted annual rate (SAAR) of $19,804 billion in September. It was up 0.9%, after a 2.5% decline in August when the weekly unemployment supplement payment of $600 expired. This increase in personal income largely came from the gains of proprietors’.

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The Home Inspector Is Coming! Quick, How Can You Prepare?

HomeLight

If you’re selling a home with little flaws like burned-out lightbulbs, holes in the drywall or ceiling, and sticky windows, you’ve got work to do before the home inspector arrives. Since you can’t skip the inspection — 95% of buyers will get one , and it’s a requirement for many mortgage loans — the next best thing is knowing how to prepare for a home inspection.

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Low Mortgage Rates Continue to Convert Passive Buyers into Active Buyers

Eye on Housing

Of the 13% of American adults considering a future home purchase in the third quarter of 2020, 50% have moved beyond planning and are actively trying to find one to buy. That is a solid gain from the comparable figure a year ago (44%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates continue to convert some. Read More › The post Low Mortgage Rates Continue to Convert Passive Buyers into Active Buyers first appeared on Eye On Housing.

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Businesses Continue to Invest in Palm Beach County

Waterfront Properties

Palm Beach County is open for business and the world is listening. In the past few weeks Palm Beach County has secured large investments from two national companies. Elliot Management, a $41-billion dollar hedge fund out of New York, recent announced plans to move into the Phillips Point complex in West Palm Beach. The short-term lease is temporary space until Elliott can open more permanent offices of at least 25,000 square feet.

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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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4 Ways to Invest in Real Estate as a Side Hustle

Ideal REI

At some point on your journey through passive income and financial independence, you'll think about investing in real estate. Most people dream of real estate investing but never take any concrete steps to achieve it. Most people never invest in real estate because of a few things:It's time-consuming to manage a rental property (or do flips).A lot […].

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How Many Baby Boomers?

BubbleInfo

The boomer sales spree is inevitable, it’s just a matter of when. But if it’s a slow methodical process over the next two decades, will we even notice? Let’s say the 100,112 homes turn over in the next 25 years (and only 1/3 are inherited by the kids), we’d average 223 more sales per month. […]. The post How Many Baby Boomers?

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This 19th Century Auburn Castle Is Trying to Scare Up a Buyer by Midnight on Halloween

Brownstoner

Part of the sales pitch for this suitably atmospheric castle is the lure of the paranormal, a fitting tactic since the auction for the 1870s house closes on Halloween. Originally built as the home for the superintendent of the Auburn Woolen Mill, it certainly has an intriguing history, whether or… Read More > The post This 19th Century Auburn Castle Is Trying to Scare Up a Buyer by Midnight on Halloween appeared first on Brownstoner.

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Kate Gosselin’s Famous Reality Show Ranch Is the Week’s Most Popular Home

Realtor.com

realtor.com Fertility phenom Kate Gosselin famously shared her family life with the world on “Kate Plus 8.” Now that her kids are growing up, she’s selling the family home she bought with her former husband, Jon , in 2008. It served as the backdrop for the long-running reality TV show, and folks wanted a peek inside. Those curiosity-driven clicks made the 24-acre spread this week’s most popular home on realtor.com®.

Banks 97
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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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Los Cabos Luxury Villas Travel Trends

Realty Biz

Cabo San Lucas is considered to be one of the best destinations to visit if you’re looking for a place that offers plenty of exciting activities. Cabo has several attractions which offer different experiences that can be enjoyed by people of all ages. You can experience water sports like snorkeling, sailing, scuba diving, swimming, kayaking, windsurfing, parasailing, jet skiing, kite boarding, and a lot more.

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Simple Solution to the Redfin Fair Housing Lawsuit

Notorious ROB

It appears that Redfin, the wokest brokerage in real estate, has been sued by a coalition of fair housing organizations for what they say is a violation of fair housing laws. Specifically, these organization claim that Redfin’s failure to provide services in lower priced areas that happen to be majority-minority, is a form of redlining. Read more.

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Can You Sell a House As Is Without Inspection? A Reality Check

HomeLight

Selling a house “as is” without inspection is the definition of driving a hard bargain. In essence, you’re asking buyers to purchase your home blind and take your word that your price is accurate. That’s a big leap of faith to require of a stranger. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen.

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After Backlash, City Quickly Reverses Plan to Close Fort Greene Park Ahead of Protests

Brownstoner

The city tried to close Fort Greene Park early ahead of a planned anti-police brutality protest Wednesday night, before backtracking and keeping the green space open amid social media backlash. Local Community Board 2 sent out a notice at around 4:45 pm claiming that the Parks Department decided to shutter the… Read More > The post After Backlash, City Quickly Reverses Plan to Close Fort Greene Park Ahead of Protests 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.