Housing Wire
NOVEMBER 6, 2020
The pandemic-fueled exodus continues as apartment dwellers in big cities flee to the suburbs and beyond. The suburbs and rural areas of the Northeast are attracting more homebuyers, as Redfin reports that three out of the 10 metro areas with the largest net inflow increases are located in that area. Buffalo, New York, ranks third highest in metro areas with the biggest net inflow.
Keeping Current Matters
NOVEMBER 6, 2020
Some Highlights. VA Home Loans provide unique opportunities for Veterans, active-duty personnel, and their families in recognition of their service to our Nation. For eligible individuals, options associated with VA Loans can help make the dream of homeownership a reality. If you or someone you know may benefit from a VA Loan, reach out to a local real estate professional to learn more today.
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Housing Wire
NOVEMBER 6, 2020
Just weeks away from its anticipated $16.1 billion IPO , United Wholesale Mortgage (UWM) closed on the sale of $800 million in senior notes. The bond sale, which closed this week, gave the Detroit-based mortgage giant $791 million in proceeds. The notes are due in 2025 and sold at a 5.5% coupon. The liquidity is on top of a commitment in the form of a $500 million private placement and $425 million in cash held by the special purpose acquisition company (SPAC) UWM is merging with, Gores Holdings
Point2Homes
NOVEMBER 6, 2020
Image: Africa Studio / Shutterstock.com. Are you planning to sell your home or did you just put a home under contract to purchase? If so, then you’ll probably need to gather boxes for moving. One of the many expenses you’ll face when moving from one home to another is buying packing materials. Fortunately, you can save some money by getting moving boxes for free — if you just know where to look.
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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.
Housing Wire
NOVEMBER 6, 2020
RE/MAX reported total revenue in the third quarter of $71.1 million, a decrease of $0.5 million, or 0.7%, compared to $71.5 million in Q3 2019. In Q2 , total revenue was $52.2 million. The company said that total revenue decreased “primarily due to previously announced agent recruiting initiatives that reduced both continuing franchise fees and Marketing Funds fees, largely offset by increased broker fees stemming from higher existing home sales, incremental revenue from acquisitions, and
The Mortgage Report
NOVEMBER 6, 2020
Are you FHA Streamline Refinance eligible? Use this easy-to-follow format. Updated for newest changes to FHA MIP. Today's FHA rate quotes available.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
NOVEMBER 6, 2020
Instagram We all wish our homes looked like they were touched by the magic wand of a designer. But the reality, especially now that many of us have been spending massive amounts of time at home, is that our personal spaces are looking messier than ever—especially our bathrooms. Well, our Instagram trend report is here to bring you five luxe accents that will make it look like a pro pulled it all together.
Housing Wire
NOVEMBER 6, 2020
Homeowners who were placed into proactive forbearance plans by Wells Fargo received positive news this week. Law360 reports that on Nov. 2, in response to a class action lawsuit filed in Virginia, Wells Fargo agreed not to place homeowners into a COVID-19 forbearance plan or extend an existing plan unless a customer requests forbearance. The lawsuit claimed the bank placed customers into these plans without notice, a direct violation of the Coronavirus Aid, Relief and Economic Security Act. .
RISMedia
NOVEMBER 6, 2020
By Brentnie Daggett During times of economic turmoil and widespread unemployment, you are not alone if you find yourself concerned about keeping up with your mortgage payments. According to a U.S. Census Bureau survey earlier this year, a quarter of all Americans either missed a rent or mortgage payment, or had little to no confidence […]. The post Mortgage Help for Homeowners During the Crisis appeared first on RISMedia's Housecall.
Housing Wire
NOVEMBER 6, 2020
Redfin saw a revenue decrease of 1% year over year, to $237 million in the third quarter, above the company’s projected revenue of between $214 million and $225 million. In addition, its gross profit was $93 million, an increase of 74% year over year. It’s net income was $34.2 million, compared to a net income of $6.8 million in Q3 of 2019.
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.
Better Dwelling
NOVEMBER 6, 2020
Condo buyers in Canada’s largest real estate markets might be breaking a sweat. In April, Canada Mortgage and Housing Corporation (CMHC) warned first-time buyers about buying a condo at this time. Despite the warning, many went ahead and bought one in May. If they made the minimum downpayment, there’s a good chance most of their […].
Housing Wire
NOVEMBER 6, 2020
Non-QM lending took a brief pause earlier this year due to the pandemic causing a flight to cash in the bond market, but the non-QM borrowers and investors haven’t disappeared. While 2020 has seen record volumes, low rates and profits, originators understand that’s not going to last forever. According to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, this is a great opportunity for an originator to build their non-QM expertise and build that purchase market.
The Mortgage Report
NOVEMBER 6, 2020
Learn about first time home buyer loans with as little as 3% or even 0% down. Plus, down payment assistance programs that minimize your out of pocket costs.
Realtor.com
NOVEMBER 6, 2020
Nadiinko/Getty Images; essentialimage/Getty Images; Schoolhouse; Home Depot; Pottery Barn The hardest-working rooms in a home are the kitchen and bathroom. Both rooms receive a steady flow of traffic, so it’s not surprising that homeowners are always looking for ways to update them and keep the design looking fresh. But updating your kitchen or bathroom doesn’t need to entail a full-on renovation.
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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.
Realty Biz
NOVEMBER 6, 2020
While the TV is often considered to be the centerpiece of any living room, home stagers say that placement of this important appliance is a key consideration, and some say they’re not even sure it belongs there at all. TV on cabinet in modern living room with lamp,table,flower and plant on yellow wall background,3d rendering. The problem is that if a TV setup feels wrong, it could easily put off buyers and lessen their interest in the home, said Compass real estate professional Hayley Westoff in
Homes.com
NOVEMBER 6, 2020
Homes.com surveyed nearly 700 current and former dog owners to discover just how much they factor into our home lives, including where we live and what we love to do with these canine companions. . The post Home is Where the Bark Is! How Dogs Factor into Our Home Lives appeared first on Homes.com.
The Mortgage Report
NOVEMBER 6, 2020
Mortgage insurance (either PMI or MIP) adds yet another cost to homeownership. Learn how to get rid of mortgage insurance faster with a refinance.
Eye on Housing
NOVEMBER 6, 2020
The recovery of overall labor market continued but at a slow pace. In October, 638,000 nonfarm payroll jobs were added, and the unemployment rate fell to 6.9%. However, October residential construction employment was 11,500 higher than a year ago, marking the first year-over-year gain since the recession of 2020. Residential construction employment rose by 23,800 in October to 2.9 million.
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.
The Mortgage Report
NOVEMBER 6, 2020
The VA cash-out refinance lets you refinance up to 100% of your home's value, cash-out equity, and lock in a lower interest rate on your new loan.
RIS Media
NOVEMBER 6, 2020
It’s more of the same for October. While a seasonal slowdown may be approaching, buyers are currently paying summer-high prices and homes are flying off the market. According to realtor.com®’s Monthly Housing Trends report for October , homes sold in 53 days this month—13 days faster than last year and one day faster than September. Which areas are experiencing the most activity in terms of days on market?
The Mortgage Report
NOVEMBER 6, 2020
Today’s mortgage and refinance rates For a second consecutive day, average mortgage rates fell appreciably yesterday. And conventional loans today start at 2.625% (2.625% APR) for a 30-year, fixed-rate mortgage. […].
RIS Media
NOVEMBER 6, 2020
ATTOM Data Solutions recently released its third-quarter 2020 U.S. Home Equity & Underwater Report, which shows that 16.7 million residential properties in the U.S. were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value. In the third quarter of 2020, equity-rich properties made up 28.3 percent, or about one in four, of the 58.9 million mortgaged homes in the U.S.
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.
Agent Drive
NOVEMBER 6, 2020
Technology grows by the day, and cybercrime has become the order of the day. Home gadgets have become more advanced with the advent of IoT (Internet of Things). Rarely will you find a home without a Wi-Fi connection, with every family member owning a gadget that can access the internet. Our home networks are bigger […]. The post 5 Areas Of Your Home Network’s Vulnerability And How To Fix Them appeared first on AgentDrive.
Realtor.com
NOVEMBER 6, 2020
David Crotty/Patrick McMullan via Getty Images Khloé Kardashian ‘s family reality TV show is coming to a close, after 20 seasons. Perhaps she should consider a role in real estate? She’s certainly had plenty of success in the field. Latest evidence: She just sold her Calabasas, CA, home for a record $15.5 million in an off-market deal, Variety reported.
RIS Media
NOVEMBER 6, 2020
While cleaning is a chore that few people relish, there are some ways to make it less of a burden. To make your next cleaning session just a little bit easier, try out some of these cleaning gadgets that really are worth your money. Electric Spin Scrubber. If you tire of the effort required to clean your bathroom, an electric spin scrubber could be the solution you have been dreaming about.
Realtor.com
NOVEMBER 6, 2020
realtor.com The Kiss Army massed around the listing for Gene Simmons ‘ Beverly Hills, CA, mansion, easily making it the most popular home of the week on realtor.com®. The estate, worthy of a rock god, hit the market for a tongue-wagging $22 million. However, you don’t have to have “Destroyer” on repeat to have a special affinity for the massive home.
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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.
RIS Media
NOVEMBER 6, 2020
With chilly weather keeping you indoors more often, there’s no better time to ensure that you are organized and enjoying your home to its fullest. Organizing for the cold weather not only keeps your home orderly and calm, but strategic organizing can keep your home at its coziest. . Use a Large Woven Basket for Blankets. The addition of throw blankets in every seat can make living spaces look disheveled during the fall and winter months.
Brownstoner
NOVEMBER 6, 2020
Wonderful news for Clinton Hill. An architecturally significant local gem, Francis Kimball's 1899 distribution facility for a tony Downtown Brooklyn department store at 22 Quincy Street will be saved and converted into condos. Permit applications and drawings submitted last year raised concerns the building, little known beyond its immediate neighborhood, would… Read More > The post Francis Kimball’s Clinton Hill Gem Will Be Saved and Converted to Condos appeared first on Brownst
BubbleInfo
NOVEMBER 6, 2020
29725 Margale Ln 5 br/3 ba, 2,970sf YB: 2007 2.03 acres LP: $979,000 What a find! A newer custom one-story retreat in the country with dazzling hardwood floors, high ceilings, eat-in kitchen with chef’s island and well-appointed master suite. The design reflects a sophisticated yet casual higher-end quality, plus the 2+ acres are professionally landscaped […].
Real Trends
NOVEMBER 6, 2020
Josh Team, President, Keller Williams Realty, Texas. Josh shares his views on the new holding company, the digital-first experience, the importance of relationships, and how technology can help you build those relationships. Don't miss this thought-provoking, forward-thinking interview.
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.
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