Tue.Oct 13, 2020

Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%.

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Do You Have Enough Money Saved for a Down Payment?

Keeping Current Matters

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down.

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Ahead of its big IPO, United Wholesale Mortgage reports record volume and margins

Housing Wire

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S. originated $54.2 billion in closed loans during the third quarter, an 81% increase from the $29.9

6 Essential Fall Maintenance Tasks

RIS Media

With autumn here, now is the perfect time for homeowners to get their property in shape and help avoid problems in the months ahead. Here are six key jobs agents can tell their clients to tackle before cold weather sets in. Caulk around exterior door and window frames for a tight seal.

Blackstone-owned lender and servicer Finance of America to go public

Housing Wire

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze.

23 Ridiculous Real Estate Facts That Are Actually True

The Close

Need a break from the craziness of work for a few minutes? Looking for some conversation starters for your next Zoom office cocktail hour? The Close has you covered. Here are 23 outrageous but true real estate facts you can use to lighten your day and impress your friends.

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Canadian Real Estate Prices Make Biggest Jump In The G7, During The Pandemic

Better Dwelling

Canadian real estate prices made one of the largest leaps on news of a pandemic-driven economic shut down. US Federal Reserve Bank of Dallas data shows most G7 countries saw prices rise in real terms during Q2.

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JPMorgan Chase’s mortgage business getting back to normal

Housing Wire

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. In its earnings presentation on Tuesday , the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million in the third quarter.

U.S. home prices hit a record high in 2020. Is home buying still affordable?

The Morgtage Report

The median U.S. home price hit a record high during coronavirus. But thanks to low rates, home buying is still affordable for many. Buying a home Mortgage Rates

Plaza Home Mortgage reinstates support of AIME after Anthony Casa steps down

Housing Wire

Plaza Home Mortgage announced it will reinstate its support of the Association of Independent Mortgage Experts after the announcement last week that former AIME chairman Anthony Casa, would be permanently stepping down as head of the association.

Bringing Peace of Mind to the Real Estate Equation During Unprecedented Times

RIS Media

Cinch Home Services goes above and beyond to take care of buyers and sellers alike. With COVID-19 still impacting much of the U.S., there’s a distinct sense of feeling out of control.

How not to fear change — at least when it comes to subservicing

Housing Wire

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Over the course of the last decade-plus, the seminal smartphone would wipe out its competitors — but not without some resistance.

6 Bad Habits That Sabotage Your Home Buying Plans

Point2Homes

Image: Andrey_Popov / Shutterstock.com. Some habits are hard to break, and some habits will break your hopes of ever owning a home if you can’t change them.

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Stay Current on State and Local COVID-19-Related Laws and Executive Orders

RIS Media

As the real estate industry continues to conduct business during the current health pandemic, it is critical that real estate agents and brokers stay up to date on COVID-19-related state legislative and regulatory changes as well as state executive orders impacting real estate.

How do you know it’s time to become a broker?

The American Genius for Real Estate

(BROKERAGE) It sounds dreamy to open your own brokerage and be your own boss, but when is it TRULY time become a broker? The post How do you know it’s time to become a broker? appeared first on The American Genius Real Estate. Real Estate Brokerage brokerage Real Estate News

House Appraisal Tips: What Home Buyers and Sellers Should Know

Realty Biz

What to Know About House Appraisals. A house appraisal can be concerning whether you are buying or selling a home. The licensed appraiser will check the property to work out the fair market value. This can make both buyers and sellers very nervous.

Cosmetic vs. MPR Repairs: Guidance for FHA Appraisers

McKissock

According to HUD Handbook 4000.1, the intended users for an FHA appraisal report are FHA and the mortgagee. FHA appraisals are not a guarantee that the property is free from defects. The appraisal establishes the value of the property for mortgage insurance purposes only.

National Fair Housing Alliance Partners With LGBTQ+ Real Estate Alliance

RIS Media

The new LGBTQ+ Real Estate Alliance has signed a Memorandum of Understanding (MOU) with the National Fair Housing Alliance (NFHA), allowing for joint efforts to identify and rid the nation of housing discrimination based on sexual orientation and gender identity.

Inside a Re-Imagined Federalist Home in Pasadena

Sotheby's International Real Estate

In a state more widely known for relaxed contemporary designs and the historic Mission aesthetic, this distinguished Federalist home designed by early-20th-century architect Frederick Kennedy Jr. strikes a distinctive tone.

Is Home Insurance Required When You Buy a House?

Realtor.com

Jirsak / Getty Images If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house? In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea.

Grow Business With a Top-Level Domain

RIS Media

NAR PULSE—Set your sights on the big picture. Recruit top talent and solidify your position as the must-join brokerage in your market with a.realestate or.realtor domain. Take ownership now, by visiting get.realtor. Helping Brokers Navigate Cybersecurity.

Halloween Events Happening At Downtown Palm Beach Gardens

Waterfront Properties

Downtown Palm Beach Gardens is hosting two Halloween events this year. Starting this week, October 16th, stop by the outdoor shopping and lifestyle center in Palm Beach Gardens and participate in the Halloween events this year.

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The Green Home Improvements That Make the Biggest Lifestyle Difference

HomeLight

With research indicating that 37% of consumers today are willing to seek out and pay up to 5% more for products that are environmentally friendly, it’s no wonder that green home improvements have been a trending topic over recent years.

New real estate agents: There’s stuff you should be doing even before you get your license

Easy Agent Pro

The one thing few new real estate agents are prepared for is to hit the ground running the minute they hand over their license to a broker.

The real estate listing words that sell a home

Zolo

Here's a list of the most used real estate listing words to help you sell your home. The post The real estate listing words that sell a home appeared first on Zolo. Home Selling

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Green Markets In Our Area

Waterfront Properties

Signs of fall are coming to Palm Beach County. Although the weather is still warm and sunny, fall events and activities are opening for everyone to enjoy. Local Pumpkin patches are opening for you to grab your perfect pumpkin for Halloween and fall decorations.

7 Common Questions Clients Have Before Selling Their Home

McKissock

Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. We took a poll of some recent sellers and found the following questions to be the most frequent.

As the pandemic drags on, mortgage delinquency rates rise

Inman

According to the latest report from CoreLogic, the 120-day delinquency rate for July was 1.4 percent — the highest rate in more than 21 years and double the Great Recession peak.

The Real Reason Your House Has Spiders (and How To Get Rid of Them)

Realtor.com

tbradford/iStock Despite the fake cobwebs and fun, sparkly spiders people love to put up every Halloween, no one seems to like the real thing.

Graffiti artists just won millions against a property owner. How to ensure it doesn’t happen to you

Inman

Legal experts advise negotiating terms up front and giving artists a 90-day notice before destroying a work of art in order to avoid running afoul of the Visual Artists Rights Act. Investing Property Portfolio Select 5Pointz property portfolio vara Visual Artists Rights Act

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