Wed.Mar 10, 2021

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Mortgage applications drop, but spring buying season looms

Housing Wire

After a slight increase in late February , mortgage applications dipped 1.3% in the week ending March 5, according to the latest report from the Mortgage Bankers Association. But experts aren’t concerned. With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry foreca

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6 Simple Graphs Proving This Is Nothing Like Last Time

Keeping Current Matters

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

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Mainspring releases SaaS platform for title and escrow

Housing Wire

Title and escrow software company Mainspring Services announced the release of “ titleLOOK ,” a software-as-a-service platform that streamlines the title production process. According to Mainspring, the service addresses a major headache for lenders, underwriters and consumers. It’s the first SaaS platform the company has released.

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Canadian Real Estate Prints 19th Quarter In Bubble Territory: US Federal Reserve

Better Dwelling

Canadian real estate buyers are driving prices using irrational exuberance. US Federal Reserve (The Fed) data shows Canada’s homebuyers were “exuberant” in Q3 2020. This is when buyers disregard fundamentals, and paid more because they felt they couldn’t lose. This isn’t new, but it’s not as old as some have assumed. Canadian homebuyers irrationally drove […].

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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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Community lenders will thrive in 2021’s purchase market

Housing Wire

In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance. Federal policies to stimulate first-time homebuyer incentives, more widespread COVID-19 vaccination and historically low interest rates combined with socioeconomic tailwinds will ensure a strong purchase market for years

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I Found an Old Lien on My Home From a Past Refinance. How Do I Get Rid of It?

Realtor.com

Getty Images Dear MarketWatch, I have a home that I purchased in 1983, and I have refinanced and taken out equity lines of credit (ELOCs) multiple times. I now have about 13 payments left on the primary mortgage. When I signed papers on my last ELOC, I found out there is an old title lien from a past refinance. So it is probably greater than 10 years old.

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10 Best Bathroom Improvement Projects, Based on How Much Time You Have

Realtor.com

Tempaper Of all the high-traffic rooms in a house, the bathroom is one of the most popular targets for homeowners hoping to make renovations that they will enjoy and that will impress potential buyers. A recent study from HomeAdvisor showed that Americans spent an average of $13,138 on home improvements in 2020, up 45% year over year. About one-third of those renovations went into bathroom revamps, making them the second most popular upgrade.

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Virtual power plants to become the next hot housing amenity

Realty Biz

Solar powered systems and batteries are set to become one of the hottest housing amenities in both residential and commercial properties. Experts say that recent advances in these technologies have led to lower costs, and that means they’ll soon become a must have for both homeowners and companies alike. Looking to cash in on the demand for energy efficient buildings, a new apartment development in Salt Lake City, called Soleil Lofts , boasts 600 units that can each be powered by a new ecoLinx b

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Create Your Personal Brand Message in 3 Simple Steps

RIS Media

In today’s competitive marketplace, you need a strong personal brand to stand out from the crowd. No matter how you plan to work in real estate—as an individual, with a team or in your own brokerage—you must consider what your professional name and reputation will stand for. Here are the steps you can take to create a personal brand message that will position you head and shoulders above the competition: Step One: Discover.

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Mortgage and refinance rates today, March 10, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged lower yesterday. It was the first actual drop in a week. First thing, mortgage rates looked unlikely to move far today, […].

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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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How To Buy Land To Build a Home: How Much Land Costs, and More

Realtor.com

Vladimir Vladimirov / Getty Images Building a home involves a series of decisions. The first is where to build—and that means you’ll need to purchase a plot of land. There’s something thrilling about the idea of buying your own piece of raw, untouched real estate on which you can build your dream home from the ground up. But picking a suitable parcel can prove a bit more complex than you’d think—which is why, in this installment of our Guide To Building Your Own Home , we’re covering everything

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The Opulent Splendor of Downtown Brooklyn’s Lost Fox Theatre

Brownstoner

Editor’s note: This story is an update of one that ran in 2011. Read the original here. Downtown Brooklyn once had a theater district as vibrant as Manhattan’s, with almost as many venues, offering the gamut of entertainment from opera to Shakespeare, popular slapstick comedies to classic dramas, vaudeville to minstrel… Read More > The post The Opulent Splendor of Downtown Brooklyn’s Lost Fox Theatre appeared first on Brownstoner.

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What to Look for When Choosing a Senior Living Community for a Loved One

Fancy Pants Homes

For this article, we partnered with Brookdale Senior Living, the largest operator of senior housing in the U.S. Pictured above, Brookdale Lake Highlands in Dallas, TX. Each and every one of life’s milestones can seem daunting at first. Buying a home, starting a family, changing careers, or hanging up the hat and retiring can all be intimidating, yet immensely rewarding life events.

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Market Topics

BubbleInfo

I love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego. I wonder if anyone has considered that the low inventory levels are in part because home prices are going up so fast why would anyone want to […].

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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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Real Estate Job Market Trends

Realty Biz

The past year has been an interesting time in the real estate market. While the global COVID-19 pandemic meant drastic changes in the way a lot of people lived and worked, certain industries were hit significantly harder than others. In fact, some industries thrived in the new environment of people working and living at home – the real estate market being one significant winner as a result of the crisis.

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Canyon Title Partners With MooveGuru

RIS Media

Canyon Title Inc, a Boston National Company, recently announced the launch of Canyon Concierge. This automated program, powered by MooveGuru, Inc., allows Canyon Title representatives and their agents to provide their customers with exclusive discounts and a utility concierge service. Canyon Title, along with affiliated brokers and agents, can utilize the program at no additional cost, and there is no fee for consumers to participate in the program.

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Daily Links: Statue Honoring Ruth Bader Ginsburg Will Be Unveiled in Downtown Brooklyn This Friday

Brownstoner

In the News Delivery Workers in Brooklyn and Beyond Are Targets for Robbery [NYT] Lawsuit Challenging NYC School Segregation Targets Gifted Programs [NYT] South Williamsburg Ferry Will Close for 10 Weeks for $6.7 Million Revamp [BP] Protest Against Brighton Beach Shelter Takes to Gracie Mansion [BP] ‘A Novel Kitchen’ Opens on Atlantic Avenue [BHB] A Look… Read More > The post Daily Links: Statue Honoring Ruth Bader Ginsburg Will Be Unveiled in Downtown Brooklyn This Friday appeared fir

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Building Your Leadership Bench

RIS Media

Use Programs and Strategies to Purposefully Create Your Company’s Future Leaders. How does your brokerage identify future managers and leaders? Basically, there are two approaches to this issue: having a program in place to identify and develop a “bench” for future leadership, or simply finding replacement candidates as the need arises.

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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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LPC Asks Pritzker Prize-Winning Architect to Adjust Fort Greene Carriage House Design

Brownstoner

Examples of modern architecture in historic districts are not unique. But is there such a thing as too modern? This question was in the air at the Landmarks Preservation Commission meeting on March 9, where a proposal for 176 Washington Park, an 1860s Italianate at the corner of Willoughby Avenue… Read More > The post LPC Asks Pritzker Prize-Winning Architect to Adjust Fort Greene Carriage House Design appeared first on Brownstoner.

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Newsmakers Spotlight: Chris Deitz on Promoting Growth During the Pandemic

RIS Media

Chris Dietz is the executive vice president of Global Operations for Leading Real Estate Companies of the World® (LeadingRE), where he leads expansion plans by growing and managing the company’s international footprint. Here, Dietz 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 he and his team have adapted in the past year to increase membership across 70 c

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Flowering Plants: Create a Garden that Blooms from Early Spring to Late Fall

Point2Homes

Image: Alexander Raths / Shutterstock.com. Is a garden full of beautiful flowering plants part of your landscaping goals? While you might be tempted to choose flowers based strictly on looks, there’s actually a bit more to it than that. For a landscape that features color from early spring to late fall, the secret is to include plants that bloom at different times throughout the seasons.

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HomeSmart Acquires PalmerHouse Properties

RIS Media

HomeSmart recently announced the acquisition of Atlanta-based PalmerHouse Properties—its largest purchase to date. The deal will add over 2,000 agents and six new markets to HomeSmart’s portfolio, growing the footprint to more than 22,000 total agents across 37 states. “PalmerHouse Properties is a premier brokerage and great cultural fit with HomeSmart.

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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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The Palm Beach Pet Contest Is Back For The 28th Year This Weekend

Waterfront Properties

Its that time again for the 28th annual Pet Parade and Contest happening along Worth Avenue. The annual event is a local Palm Beach favorite. This Saturday bring your beloved dog, cat, bunny, or whatever cuddly pet you have and cruise down the runway dressed in costume. All pets and all sizes are welcomed to join in on the day of fun. The event takes place in Via Amore, right off Worth Avenue.

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Registration Now Open for ‘Spring Into Action,’ Co-Sponsored by NAR

RIS Media

RISMedia and NAR Teaming Up Again to Co-Present All-Day, Virtual Event. More than 75 of the industry’s leaders, coaches and trainers are collaborating with RISMedia and the National Association of REALTORS® (NAR), who are joining up again to co-present “ Spring Into Action 2021.” The action-packed, full-day, virtual educational event will better equip real estate professionals to increase business amid the disruption speeding through the real estate business landscape. .

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Ottawa’s David Oikle becomes president of Ontario Real Estate Association

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: Ottawa’s David Oikle becomes president of Ontario Real Estate Association. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Ottawa-based real estate broker David Oikle has assumed the role of president of the Ontario Real Estate Association.

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Locals Object to Density of Proposed Apartment Building Near Barclays in Prospect Heights

Brownstoner

Prospect Heights community board members pushed back against a developer’s plans to construct a residential building housing 316 apartments -- some of which would be income restricted — because, they claim, the neighborhood is “swimming in density.” “There is no reason to add density to a neighborhood like Prospect Heights that… Read More > The post Locals Object to Density of Proposed Apartment Building Near Barclays in Prospect Heights appeared first on Brownstoner.

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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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8 Things You’re Doing to Drive Away Real Estate Clients

McKissock

When a real estate client defects, it might not be something you are doing to drive away real estate clients. Some people simply change their minds about selling or buying. Others feel they can find a better match with another agent. There could be any number of reasons why the client decides to look elsewhere. However, you must consider, at least a little, that something you did along the way caused the client to walk away.

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Buy, Rent, or Review Australian Real Estate

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Homely.]. An online Australian real estate marketplace with hundreds of thousands of active listings, Homely is used by more than 60,000 agents and property managers. The company maintains partnerships with 400+ real estate groups. Founders James and Adam Spencer founded Homely in 2014 off the success of StreetAdvisor , a street and neighborhood reviews platform they co-founded

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Bank of Canada Will Try To Suppress Rates, Says Housing Is “Stronger Than Expected”

Better Dwelling

Canada’s central bank’s rate announcement was brief, but had a lot of details for investors to unpack. Bank of Canada (BoC) announced they would be making no changes to rates at this time, as widely expected. Two details did stand out though – housing, and quantitative ease (QE). The central bank is surprised by housing […]. The post Bank of Canada Will Try To Suppress Rates, Says Housing Is “Stronger Than Expected” appeared first on Better Dwelling.

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What is home equity and how can you use it?

The Mortgage Report

What is home equity and how does it work? Learn how to calculate your home equity and how having equity can benefit you.

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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.