Fri.Apr 23, 2021

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Tug of war: low mortgage rates vs. lumber supply

Housing Wire

Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, this report was the best new home sales report in over a decade.

Mortgages 535
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This Isn’t a Bubble. It’s Simply Lack of Supply. [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. In a recent article , Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”. Today’s housing market is healthy, and rising prices are driven by real buyer demand.

Marketing 247
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Purchase market is poised to topple refi’s reign in 2021

Housing Wire

While 2021 likely won’t approach the record breaking tizzy of 2020, the housing market will continue to flourish on the strength of the purchase market, according to economists at the Mortgage Bankers Association. After last year’s record $3.83 trillion in mortgage originations, the MBA forecasts volume to fall 14% this year to $3.28 trillion, which would still be the third-highest total on record.

Marketing 466
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Canada Is Now Completing 18 Homes For Every Person The Population Grows

Better Dwelling

Canadian homebuilding lagged in the past, but it now far exceeds population growth. CMHC data shows home completions started to outpace population growth last year. By the fourth quarter, there are now 18 homes completed for every person the population grows. Curiously, home prices have been soaring in growth. Canadian Homebuilders Are Still Hammering Out […].

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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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Home prices soared in March amid record demand

Housing Wire

This is getting to be a problem. Home prices in the U.S. soared 18% year-over-year in March 2021 to a median of $356,000, according to a report Redfin released Friday that provided stark evidence of a housing market where demand greatly exceeds supply. Homes sold in March were on the market for 21 days, per the report, the shortest period between listing and sale since 2012.

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9 Zesty Ideas To Add Color to Your Space (Without Painting the Walls)

Realtor.com

Houzz We’re in the midst of spring, everything has come alive outside, and chances are good that you want your interiors to match that vibrancy. If you’ve been thinking about shaking up your color scheme, you’re not alone—we’ve been perusing paint samples ourselves. Really! But here’s the thing about paint: While it can transform a room on the cheap, it’s also messy.

Design 123

More Trending

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Luxury Real Estate Headlines: Third Week in April 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Marietta, Georgia | Chad Carrodus, Atlanta Fine Homes Sotheby’s International Realty . While Netflix’s “Cobra Kai” is set in Los Angeles, the lead character’s house is actually in Marietta, Georgia. And now it’s on the market for $2.65 million.

Banks 122
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How to buy a house with low income in 2021

The Mortgage Report

You can buy a house with low income if you meet the guidelines for one or more of these mortgage programs. Here's how to do it.

Mortgages 137
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When is the right time to consider estate planning?

Realty Biz

You have just turned 40 and you are contemplating what your life will be like now that you are middle-aged. You realize you may want to start thinking about retirement and that your kids will need money to go to college someday. You are not even considering the possibility of estate planning because that’s something that one does when one is in one’s 60s.

Banks 113
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How to buy a house with low income in 2021

The Mortgage Report

You can buy a house with low income if you meet the guidelines for one or more of these mortgage programs. Here's how to do it.

Mortgages 137
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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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7 Smart Tips for Organizing Gardening Gear and Supplies This Spring

Realtor.com

Getty Images When you think of home organization tasks, you probably picture that nightmare junk drawer in the kitchen or your closet stuffed with clothes you never wear. But now that the warm weather has you spending more time outdoors, it’s high time to organize your yard and gardening gear, too. But before you zip on over to the home center to pick up a carload of plants and soil, hit up your own garage, potting shed, or wherever your supplies have been hibernating this winter to refres

Design 106
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Clubhouse – What’s all the hype about?

Lab Coat Agents

Want to know more about social media’s newest sensation, Clubhouse? . If you haven’t heard of Clubhouse yet, think early AOL chat rooms. It’s a voice-only platform where you can join hundreds of like-minded folks and chat about topics ranging from parenthood to fitness to starting your own business. You can hear from celebrities and industry greats like Elon Musk, Oprah, Jay Shetty, and others.

Staging 105
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Mortgage and refinance rates today, April 23, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. They’d looked likely to rise earlier in the day. But they changed course during the afternoon on concerns about […].

Mortgages 105
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Women in Real Estate: ‘What Moves Her’ Campaign Grows Amid Virtual Pivot

RIS Media

What started as a passion project has grown into much more for Sue Yannaccone , Realogy Franchise Group president and chief executive officer and founder of “ What Moves Her?, ” a campaign that supports the growth of women in real estate. Here, Yannaccone reflects on the victories of the inaugural year of the national women in real estate campaign amid the pandemic and how she and her team at Realogy have prepared for the campaign’s second year following its recent expansion an

Branding 104
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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, April 23, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. They’d looked likely to rise earlier in the day. But they changed course during the afternoon on concerns about […].

Mortgages 105
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Newsmaker Spotlight: Rei Mesa on Succeeding With Teamwork and Adaptability

RIS Media

Rei Mesa is the president and CEO of Berkshire Hathaway HomeServices (BHHS) Florida Realty, where he manages strategic growth, new business development, profit and loss, as well as acquisitions for the brokerage and its core services, which include mortgage, title and insurance services. Here, Mesa offers insight into what it means to be an RISMedia Real Estate Newsmaker —individuals who are recognized for their positive contributions to the real estate industry—as well as how teamwork and adapt

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‘Unsellable Houses’ Reveals One Big Home-Buyer Turnoff That Sellers Can’t Easily See

Realtor.com

HGTV On HGTV’s “Unsellable Houses,” twin sisters Lyndsay Lamb and Leslie Davis are experts at figuring out why certain homes sit on the market. Yet in the latest episode, they see a house that’s been listed for so long, there must be something really wrong with it, right? In the Season 2 episode “Mid-Mod Oasis,” the sisters meet Kim , a homeowner whose $500,000 house in Edmonds, WA, has been for sale for six months.

Design 102
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No ‘New Normal’ in 2021

RIS Media

“The new normal,” after unprecedented events in history, is an overstated and overrated phrase. That especially rings true in the real estate industry. Real estate professionals have been innovating, adapting and evolving for generations. Here we go again! Let’s leave the elephant in the room—the global pandemic—out of the picture and have a look at what is shaping up in the world of real estate in 2021: – Our country experienced a recession.

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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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Flooring Forecast 2021: Here’s What’s Trending in Living-Space Floors

Realtor.com

From the artwork on the walls to your furniture, you likely already have a plan for putting a personal touch on the living spaces of your new home. So go on and let your personality shine through the flooring too, by embracing an emerging trend like maximalist patterns, which Sarah Fishburne, Director of Trend & Design for The Home Depot , says is swelling in popularity.

Design 97
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Register: Lessons in Leadership With Dermot Buffini

RIS Media

What: Tune into our next webinar, “Lessons in Leadership With Dermot Buffini,” sponsored by Buffini & Company and moderated by RISMedia’s Founder, President and CEO John Featherston. Featuring Gino Blefari, chief executive officer of HomeServices of America, you’ll find out what it takes to be a leader in today’s real estate environment.

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Calling All Bachelors: We’ve Found the Ultimate $1.5M Man Cave in Omaha, NE

Realtor.com

realtor.com When you think about designer penthouses outfitted with sleek custom finishes, your mind probably wanders to hot spots like Las Vegas , Miami , or Los Angeles. But Omaha ? An unlikely locale for a penthouse, much less a custom-designed showpiece. Yet here we are. On the market for $1.5 million, this four-bedroom penthouse sits in the heart of Omaha’s downtown and has turned the design volume up to 11.

Design 95
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WATCH NOW: Brian Buffini Says, ‘I Told You So’ Regarding Zillow

RIS Media

With the first quarter in the rearview mirror, real estate professionals across the board are working hard to make sure they’re positioned for success and profitability in order to maximize the spring and summer real estate markets. And while the real estate marketplace is going strong, it’s still uncertain—making it more important than ever that real estate professionals understand the trends that will impact the industry as we continue to make our way through 2021.

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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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Flooring Forecast 2021: Here’s What’s Trending in Kitchen Floors

Realtor.com

What was the first room you wanted to see when touring potential homes? Our money is on the kitchen. As clichéd as it sounds, the kitchen is truly the heart of the home—and a common starting point for renovators. So if you weren’t immediately swept off your feet, don’t worry: You can change the whole look with a few simple swaps. Where to begin? New flooring will make a big impact while setting the direction for the design choices to come.

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Get Good Help!

BubbleInfo

It never occurs to agents to properly conduct a bidding war where the market decides the winner. Instead, they choose the easy route and just collect offers, itemize them on a spreadsheet, and then point out a winner to the sellers. It is an ego-boosting choice that fares well around the brokerage’s water cooler, but […].

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Rental of the Week: Amazing Penthouse with Stunning Views of Downtown Montreal

Point2Homes

You can have it all with this fantastic, fully furnished penthouse condo in the heart of downtown Montreal. Located in the renowned Tour des Canadiens building, this unit provides incredible views, an extensive list of amenities and a beautiful living space that’s as functional as it is jaw-dropping. Schools, parks and entertainment options abound throughout the neighborhood, and access to public transportation and major roadways is a breeze!

As-is 89
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4 Spots in Your Home You May Be Overlooking

RIS Media

While you may be keeping up with those daily tasks that ensure that your home is organized and tidy, you are likely hiding some dirty secrets. These four cleaning spots in your home should be addressed, because you’re likely overlooking them. Under the Furniture. Rid your home of those dust bunnies ASAP by moving your furniture around and vacuuming underneath.

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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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Home Design and Remodeling Show – Palm Beach County

Waterfront Properties

After 40 years of operating home design expos the Home Design and Remodeling Show is bringing its expo to Palm Beach County for the first time. The show will now be at the Palm Beach County Convention Center annually on Memorial Day Weekend. This year’s dates are May 28-31, 2021. Palm Beach is the highest growth area in Southeast Florida, with all the snowbirds from northeastern United States.

Design 87
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US Existing-Home Sales Fall Over 3%, Prices Hit A Record High of $329,000

Better Dwelling

The number of U.S. existing-home sales is falling, but it’s definitely not a drag on price growth. The National Association of Realtors (NAR) data shows existing-home sales fell in March. The drop in sales is largely attributed to falling inventory. This has created more pressure on home prices, driving them to new record highs. U.S. […].

Sales 86
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A Bay Ridge Row House and Three More to See This Weekend, Starting at $1.295 Million

Brownstoner

Our selections for open houses this weekend all have some original details on their interiors. Two have been more recently renovated while another has a garage. They are found in Prospect Heights, Greenpoint, Kensington and Bay Ridge and range in price from $1.295 million to $3.95 million. In the Prospect Heights… Read More > The post A Bay Ridge Row House and Three More to See This Weekend, Starting at $1.295 Million appeared first on Brownstoner.

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What’s the Upkeep on a 44,600-Square-Foot $15.75M Texas Mansion?

Realtor.com

realtor.com There are mansions, estates, and compounds—and then there’s this megaranch in Brenham, TX , anchored by a nearly 50,000-square-foot home. Nine bedrooms, 26 bathrooms, two indoor pools, two exercise centers, and five game rooms give you a sense of all it takes to clean, decorate, and keep up this massive home. Other one-of-a-kind amenities include a saloon, an equestrian facility with a 19-stall horse barn, numerous covered cattle-working pens, seven ponds, eight wells, and a 10-car

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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.