Thu.Nov 18, 2021

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Home Sales About To Surge? We May See a Winter Like Never Before.

Keeping Current Matters

Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar.

Sales 262
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Mortgage rates climb back up, to 3.10%

Housing Wire

Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.

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The Joy of Color: 5 Rooms in Unexpected Hues

Sotheby's International Real Estate

Barcelona, Spain | Barcelona & Costa Brava Sotheby’s International Realty. Looking to manifest a little more joy at home? Just add a pop of color. While a neutral palette and soft hues continue to lead the way in contemporary design, maximalist desires are proving to be in demand once again, and that includes the use of bright and bold shades. Whether fully committing to transforming a room with an unexpected tone, or opting to incorporate accents for a little panache, the spaces in these f

Design 143
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How Fannie Mae is leveraging technology to expand access to homeownership

Housing Wire

The advancement in digital mortgage has focused on delivering end-to-end digital solutions to improve the consumer experience. But even with this push to make a borrower’s life easier, systemic inequality still exists. HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership.

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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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What to Look for in a Good Real Estate Agent

Realty Biz

You may think that, when you buy a house, the only important thing is the house itself. While the house will play the biggest role, a good estate agent can help you find the perfect house. If you want to sell your house, a good estate agent can also be the difference between your house selling quickly or staying on the market for months. You can probably see that a good real estate agent is important for anyone wanting to buy, rent, or sell a house, but the problem is that you may not know what

Agents 129
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UWM waives MI with a 10% down payment, but there’s a catch

Housing Wire

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. But borrowers would be wise to note that they’ll get hit with higher interest rates. The product, dubbed “MI Buster,” will be available for conventional purchase loans starting at $200,000, as well as for high-balance loans with a loan-to-value ratio between 80.01% and 89.99%, according to a press release issued by the Pontiac, Mic

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Why the private-label market will chill in 2022

Housing Wire

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. That gravy train, however, is expected to slow down some as we turn the corner into 2022 — with rising interest rates, spiking home prices and the expanding reach of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac serving as the brakes.

Marketing 381
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What is a BPO and When to Use Them?

Realty Biz

A Broker Price Opinion (BPO) is very similar to an appraisal except that a real estate broker (or agent) does it rather than a lender’s appraiser. A BPO is also similar to a comparative market analysis (CMA) that real estate agents use to suggest a listing price to a seller. It boils down to a BPO being another tool that can be used to determine the current fair market value of a property.

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What role does appraisal tech have in creating customers for life?

Housing Wire

For lenders to successfully manage their portfolios, they need to provide borrowers with a seamless mortgage process from start to finish. It’s for this reason more lenders are starting to integrate automation, like eClosing solutions and automated underwriting, to provide borrowers with more transparency and streamline the overall process. While having core systems in place is important, no matter how good a lender’s process is, if there’s an issue with the appraisal, everything could be compro

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Yun on 2022

BubbleInfo

Yunnie was in town this week, forecasting the safest bets like everyone else: Is the economy back to normal? It’s the question everyone wants answered as we navigate through a semi-return to normalcy amid the pandemic, and it’s the question Dr. Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), posed as he […].

As-is 105
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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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Is UWM’s plan to shed the “meme stock” label?

Housing Wire

Mat Ishbia, president and CEO of United Wholesale Mortgage. Mat Ishbia and his family will slightly reduce their ownership of United Wholesale Mortgage (UWM), a step to make the company more attractive to long-term investors – and, hopefully, to leave behind the “meme stock” label, according to analysts who follow the wholesale lender.

Investor 296
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It’s that time of year! Reach out to everyone in your sphere

Easy Agent Pro

I heard my first holiday song of the season on Halloween. At around that same time, the big box stores started clearing out their garden centers to make way for the thousands of pallets of holiday décor. Even the biggest procrastinators among us can’t miss retailers’ attempts to start the winter holidays early. If you aren’t in the spirit yet, it’s time to take a cue from the retail industry.

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The Nation’s Hottest Housing Markets Right Now Have This One Thing in Common

Realtor.com

Getty Images / Realtor.com In today’s fast-paced, blink-and-the-listing-is-gone housing market it’s hard to find a place where real estate isn’t hot. However, there are certain real estate markets that are popular with buyers all over the country where homes are selling just a little bit faster. And they all have one big thing in common: They’re the more affordable.

Marketing 102
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Ask Brian: How Do We Legally Share a House with Our In-Laws?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Saige in SC: Hi Brian, we got married very young. I was 18 and my husband was 20. We moved in with his parents so that he could finish college.

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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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Tech Firm @properties Acquires Christie’s International Real Estate, Expanding Opportunities for First Team Agents

First Team Real Estate

Longtime First Team luxury affiliate Christie’s International Real Estate announced it will be acquired by up-and-coming technology real estate company @properties on December 1 st. Combining the tech company’s industry-leading digital platform with the luxury giant’s reputation and strict standards of excellence, First Team agents and their high-end clientele will now have exclusive access to even more powerful digital marketing opportunities across the globe. .

Agents 98
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7 Cozy Log Cabin Decor Ideas

Point2Homes

Going back to basics is becoming an increasingly popular temptation. Leaving the big city behind and enjoying the natural comforts of the countryside is a fantastic way to unwind. A log cabin epitomizes that escape to nature, and if you’re planning to build or buy your own, you’ll need to think about how best to decorate it. With that in mind, here are some ideas to get you started.

Design 98
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Agent Spotlight: Top Producer Janice Konkol Celebrates 40 Years with First Team

First Team Real Estate

Hardworking, reliable, and infectiously fun, Janice Konkol represents the spirit of our First Team Real Estate family. An Irvine real estate expert with deep roots in the community, she has spent her impressive 40-year career at First Team. Consistently ranking among the top agents within the company, and by extension, all of Orange County, Janice time and again has been awarded our prestigious and coveted Hall of Fame status.

Agents 98
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Building Reefs off Jupiter Coastline

Waterfront Properties

The Andrew “Red” Harris Foundation has been building reefs for life off the Jupiter coastline for several years. The Foundation was created to honor the memory of Andrew Harris who was struck by a boat while snorkeling in the Jupiter Inlet on June 8, 2014. The foundation’s work will help assure the long-term health and vibrancy of the local marine environment where Andrew loved to dive and fish.

As-is 98
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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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Mortgage and refinance rates today, Nov. 18, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday It wasn’t enough to make much difference. But it was a relief after some painful rises. Overall, they mostly […].

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The Insider: Years-Long Park Slope Townhouse Reno Concludes With Fresh New Decor

Brownstoner

In 2018, interior designer Liz Lipkin got a call from prospective clients who thought they saw light at the end of the renovation tunnel and wanted help pulling things together, decoratively speaking. It would be three years before they actually got to the end of that tunnel. When the couple, who… Read More > The post The Insider: Years-Long Park Slope Townhouse Reno Concludes With Fresh New Decor appeared first on Brownstoner.

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How AppFolio’s Partnership With Homeowners & Association Managers Helps Build Impactful Solutions

App Folio

Great software innovations come from great partnerships, and at AppFolio we’re always working to bring the community association market innovative.

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Christmas Miracle? The Surprising Reason Homebuyers Can Score a Deal Before Ringing In the New Year

Realtor.com

The post Christmas Miracle? The Surprising Reason Homebuyers Can Score a Deal Before Ringing In the New Year appeared first on Real Estate News & Insights | realtor.com®.

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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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Daily Links: MTA Signal Upgrades Hit Delays and Cost Increases

Brownstoner

In the News The Fight of This Old Brooklyn Boxer’s Life Was With His Own Family[NYT] Thousands of Turkeys Given Away With Thanksgiving Around the Corner [BP] New Student-Run Concession Stands Opens at Barclays Center [BK Reader] Holiday Lights Finally Return to Knickerbocker Avenue [Bushwick Daily] It Takes How Long to Fill Affordable Apartments Through… Read More > The post Daily Links: MTA Signal Upgrades Hit Delays and Cost Increases appeared first on Brownstoner.

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How to Protect Your Water Heater Against Winter Weather

RISMedia

By Anita Ginsburg As the weather cools, many of us are grateful for the break in the hot weather. Depending on where you live, you might even get to enjoy some snow. However, colder weather should also remind you that you need to protect your home against common winter problems that could leave you without […]. The post How to Protect Your Water Heater Against Winter Weather appeared first on RISMedia's Housecall.

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Six-Room Apartment in Crown Heights Row House With Dishwasher, A/C Asks $3,100

Brownstoner

Billed as a three-bedroom in the listing, this large and well-appointed floor-through apartment may appear on the high side price wise, but all utilities are included in the rent -- even air conditioning. It's on the top floor of 994 Lincoln Place, a circa 1909 bow-fronted row house in the Crown… Read More > The post Six-Room Apartment in Crown Heights Row House With Dishwasher, A/C Asks $3,100 appeared first on Brownstoner.

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Chip and Joanna Gaines’ Prettiest Holiday Decor—and a Few Oddballs We Just Don’t Understand

Realtor.com

Target.com Chip and Joanna Gaines are famed for their great taste in decor—and you can own a piece of it for the holidays through their Target line, Hearth & Hand with Magnolia. From sparkly tree ornaments to adorable throw pillows, there’s something affordable for every homeowner. Yet not everything these “Fixer Upper” stars touch is pure gold.

Design 76
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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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Ceremony Kicks Off Official Start of Shirley Chisholm Rec Center Project in East Flatbush

Brownstoner

After years of negotiations, a new community center is finally coming to East Flatbush — and it will bear the name of one of Brooklyn’s proudest civic leaders, former Brooklyn Congresswoman Shirley Chisholm. Procurement is now officially under way for the $141 million project, which will be located in a 65,000-square-foot… Read More > The post Ceremony Kicks Off Official Start of Shirley Chisholm Rec Center Project in East Flatbush appeared first on Brownstoner.

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The most fun part of being a Realtor

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: The most fun part of being a Realtor. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Do you remember when you were a new agent and how fun it was to be out with buyers looking at properties?

Agents 75
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Nene Leakes Serious About Selling, Cuts Price on Georgia Mansion Again

Realtor.com

Getty Images / Realtor.com “Real Housewives of Atlanta” star Nene Leakes is really trying to sell her Duluth, GA, mansion. Since the home was listed for $4 million in September, the price has been cut twice. Leakes is now asking $3,495,000 for her extravagant casa. Leakes picked up the mansion—which backs right up to the TPC Sugarloaf golf course—for $2,075,000 in 2015.

Design 75
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Sentiment on Multifamily Production and Occupancy Improves in the Third Quarter

Eye on Housing

Sentiment on the production of new and occupancy in existing multifamily housing improved in the third quarter, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. The Multifamily Production Index (MPI) increased five points from the previous quarter to 53, while the Multifamily Occupancy Index (MOI) also increased by five points, to.

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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.