Housing Wire

JULY 13, 2021

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% in May and a peak of 74.1% in April. That’s still higher than the 56.8% bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns,

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Keeping Current Matters

JULY 13, 2021

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how this summer is stacking up against the norm and what it means for you.

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Housing Wire

JULY 13, 2021

Lisa Dunn was on her way to the American Automobile Association headquarters in Mission Viejo, California when her phone started blowing up. It was July 1, and the U.S. Department of Justice had just fired off a press release saying it withdrew from a antitrust settlement hammered out last November with the National Association of Realtors (NAR), the trade group that represents the vast majority of U.S. real estate agents and spends more annually on lobbying the federal government than any organ

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Better Dwelling

JULY 13, 2021

The Canadian property bubble is at the point where it’s about to produce brain drain. At least in Ontario. Abacus Data conducted a survey on housing perceptions recently. The survey, commissioned by OREA, produced dozens of insights showing a public frustrated by a property bubble. Buried amongst those insights though was a big standout — […].

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Agents

Housing Wire

JULY 13, 2021

Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor. Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday.

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Sotheby's International Real Estate

JULY 13, 2021

During the Italian renaissance, palazzi—palaces—were built for royalty by such architectural luminaries as Michelozzi and Palladio. With its iconic symmetrical design, neat rows of windows, and sturdy prominent cornices, this 9,638-square-foot three-story residence would look perfectly at home among the palazzi in Rome, Florence, and Venice. Instead, it enjoys a prime position on a coveted block in the exclusive leafy environs of Houston’s Tanglewood and is the work of award-winning area archite

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Eye on Housing

JULY 13, 2021

In June, consumer prices increased at the fastest pace in the past 13 years. The recent surge in inflation mainly reflect increases in a few sectors influenced by the pandemic shutdown and rebounding demand as the economy fully reopens. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.9% in June on a seasonally.

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Realtor.com

JULY 13, 2021

Doug Carr In small-town Iowa, Frank Lloyd Wright designed two homes for two families who knew each other well—and wanted to live in close proximity. One of those homes, the 2,300-square-foot, Usonian-style Carroll Alsop House in Oskaloosa, IA, is now set to be sold in a private auction in early August with a $450,000 minimum bid, according to Peter Maunu.

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Better Dwelling

JULY 13, 2021

More adults are living with their parents, and it may be due to high home prices. The Royal LePage 2021 Boomer Survey (it’s a thing) found one in five Boomers have kids at home currently. Breaking that number down, over half of those are adults 25 and older. A significant number of these Boomers said […]. The post One In Five Boomers Have Children Living At Home, Higher In Toronto and Vancouver appeared first on Better Dwelling.

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Realtor.com

JULY 13, 2021

HGTV Christina Haack is familiar with many hot home trends, but on the latest “Christina on the Coast,” she stumbles across one she’s never seen (or heard of) before. That’s a first! In the Season 4 episode “Kitchen Meets Waterfront Dream,“ Haack agrees to help married couple David and Odett renovate their tiny Yorba Linda, CA, kitchen for $80,000.

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Advertiser: Trellis

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.

Loans

BubbleInfo

JULY 13, 2021

Fewer showings than in the first week of January? Well, the market was cooking right up to Christmas and then fired up quickly again this year, which created a solid 12-month frenzy. But now there are fewer showings than in 2019 too? How did that turn out? You can say it was a little flat, […].

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Marketing 105

GeekEstate

JULY 13, 2021

Our “Proptech networking roulette” networking series continues tomorrow (July 14th) at 9 am PST …with a twist. Hosted in collaboration with London & Partners’ Mayor’s International Business Programme , the aim for this round of (virtual) 1-on-1 conversations is for London & Partners’ 16 scale-up proptech companies to learn more about the real estate market in North America and meet a handful of the amazing innovators from the GEM.

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BubbleInfo

JULY 13, 2021

There will be sellers wondering if they should pack it in and wait for next year. Why? Because the frenzy might be slightly past its peak? One of the primary guides on when to list your home for sale is to hit the open market when there aren’t any other homes for sale around you. […].

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RIS Media

JULY 13, 2021

Compass Inc. is breaking into the multi-billion-dollar mortgage lending industry with the help of Guaranteed Rate, Inc. On Tues., July 13, the two companies announced that they are teaming up to launch a tech-focused mortgage origination company called OriginPoint. According to Compass and Guaranteed Rate executives, the venture seeks to provide a faster, more seamless and transparent buying and selling experience to loan officers, agents and clients. “With interest rates creeping up, limi

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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.

Sales

Realty Biz

JULY 13, 2021

Home prices in areas without mass transit services are rising almost twice as fast as those where public transportation is widely accessible, a new study has found. The Redfin study found that the median home sale price in what it calls “car-dependent areas” has risen by 32.8% to $418,100 since January 2020. At the same time, the median home price in areas with mass transit systems has increased by just 15.6%.

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The Mortgage Report

JULY 13, 2021

Today’s mortgage and refinance rates Average mortgage rates nudged moderately higher yesterday. But they still remain within the lower end of the limited range within which they’ve been moving for […].

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Mortgages 101

Realtor.com

JULY 13, 2021

Realtor.com What’s old is new again. A Rhode Island residence dating back 341 years is the oldest listing to hit the market this week on Realtor.com®. That shingled barn, in Newport , has been used for shipbuilding, as a funeral stable, and as a produce storage warehouse. Now it’s ready for its next life as a family home, small business, or commercial studio.

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Waterfront Properties

JULY 13, 2021

Jupiter’s Downtown Abacoa is preparing again for a busy weekend ahead filled with baseball games and live music. Beginning on Thursday, July 15th, the Roger Dean Chevrolet Stadium is hosting three baseball games this weekend. The local stadium is home to two Minor League Baseball Teams, The Palm Beach Cardinals and The Jupiter Hammerheads. During Spring Training, the stadium is home to two Major League Baseball Teams, The St.

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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.

Agents

RIS Media

JULY 13, 2021

There are two prominent issues stopping most agents from reaching success and having strong team leadership. First is poor time management and the second is a lack of delegation. They can’t seem to let go of the many tasks that are easily handled by someone else. Interestingly, these two reasons are connected. One causes the other. A team leader’s lack of ability to delegate causes poor time management.

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Waterfront Properties

JULY 13, 2021

Let us talk turtles Although verbal communication is less evident among sea turtles compared to freshwater turtles and tortoises. Sea turtles have existed for more than 120 million years. In 1999, researchers definitively recorded sounds from sea turtles. This was the first time we learned that turtles talk (okay, communicate). Loggerhead Marinelife Center in Juno Beach wants to introduce humans to the way sea turtles communicate.

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RIS Media

JULY 13, 2021

If you’re on the lookout for your next home, you will probably come across houses with wall-to-wall carpet or hardwood flooring. Each has advantages and disadvantages. Your personal preferences will play an important role in your decision-making process. Comfort and Style. Many people love the feeling of walking on carpet barefoot. Wall-to-wall carpet can make a house feel warm and welcoming, and it’s available in a wide range of colors and piles, or heights.

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Brownstoner

JULY 13, 2021

A recently released documentary follows the lives of three Brooklyn sisters who were launched into the spotlight after their 2016 wins at the Junior Olympics. “Sisters on Track” centers around the Sheppard sisters: Tai, Rainn, and Brooke. They were thrust into the national spotlight in 2016 with their first-time wins in… Read More > The post ‘Sisters on Track’ Netflix Documentary Follows the Lives and Dreams of Young Brooklyn Runners appeared first on Brownstoner.

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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.

Agents

RIS Media

JULY 13, 2021

A month after unveiling its report outlining in detail the extent of America’s housing shortage, the National Association of REALTORS® (NAR) will, on Thurs., July 15 from 1 to 2 p.m. ET, host a webinar examining policies that can help address the nation’s ongoing inventory crisis. NAR’s research, which was authored alongside the Rosen Consulting Group, found the U.S. in the midst of an “underbuilding gap” of around 6 million housing units dating back to 2001.

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Realty Biz

JULY 13, 2021

The short-term rental market took a hit during the pandemic. Despite the lull, the opportunity for short-term rentals remains strong. Analysts anticipate over 59.5 million people will choose short-term rentals in 2021, reaching pre-pandemic levels. But like any business, succeeding in short-term rentals requires marketing. You have to get the word out, and you need a market differentiator, so they choose you.

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RIS Media

JULY 13, 2021

The residential real estate technology and marketing solutions company has acquired Morris Real Estate Marketing Group and IXACT Contact Solutions, specialists in marketing solutions and repeat and referral lead generation conversion technology across the Canadian real estate sector. Both the tech acquisitions of Morris Marketing and IXACT expand Elm Street’s Elevate platform, which provides an end-to-end suite of real estate technology and marketing services. “Morris Marketing is an

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Brownstoner

JULY 13, 2021

In the News Hours After Glowing Review, Chefs Leave Bushwick's Outerspace [NYT] In Bay Ridge and Elsewhere, Family That Buys Together Stays Together [NYT] Charged Battle Rages Over 112-Year-Old Brooklyn Music School [NYDN] Bikes Still Flying Off the Racks as Cycling Numbers Remain High [BP] Finding an Apartment With a Criminal Background Is Nearly Impossible… Read More > The post Daily Links: Rental Prices Climb in Brooklyn as Vacancies Drop appeared first on Brownstoner.

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Agents

RIS Media

JULY 13, 2021

Prospective buyers are interested in a lot of things, including privacy and security. These issues may be particularly important to people who have young children and/or pets. If you decide to sell your house, a fence may help you attract a buyer, provided it’s well built and in good condition. A Fence Can Appeal to Parents, Pet Owners and People Who Value Privacy.

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Better Dwelling

JULY 13, 2021

Canadians have an epic pile of savings accumulating, but it’s not as big as most economists think. Oxford Economics‘ Tony Stillo took a deep dive into the household savings rate this week. The firm found the gross numbers exaggerate the total that can actually be used. Further, wealthier households represent more than half of the […]. The post Canada’s Pile of Household Savings Is Mostly Held By The Rich, and Won’t Be Spent appeared first on Better Dwelling.

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RIS Media

JULY 13, 2021

Before you get final approval for a mortgage, your application will have to go through an underwriting process. An underwriter will thoroughly review documentation to assess your financial situation and ability to repay a mortgage. Your application can get denied in underwriting for a variety of reasons, even if you got preapproved. Low Credit Scores.

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The Mortgage Report

JULY 13, 2021

With mortgage rates at historic lows, refinancing is a great way to save money. But what does the refinance process actually look like? Find out here.

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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.

Sales