Wed.May 19, 2021

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Home prices rapidly climbing toward $375,000

Housing Wire

National median home prices reached $370,528 for the month of April, a 22% increase year over year and a new record, according to a recent study from Redfin. The number of homes for sale also sank to a record-low average of only 19 days on the market. And 49% of homes sold for above asking price — a record high. The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers.

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Sellers Are Ready To Enter the Housing Market

Keeping Current Matters

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

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LinkedIn expert Judi Fox to speak at engage June 17

Housing Wire

Social media is constantly evolving, with new platforms and algorithms challenging models and strategies just when businesses have gotten into a rhythm. That’s why we’ve asked LinkedIn Business Coach Judi Fox to speak at engage.marketing on June 17. Fox, who led a highly rated social session at last year’s engage event, will update attendees on the latest changes to LinkedIn and also talk about the opportunities on Clubhouse.

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Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt

Better Dwelling

It shouldn’t be too surprising that a record number of real estate sales is accompanied by a ton of new borrowing. Funds advanced, which is new mortgage credit issued or extended, climbed at a rapid rate in March. Borrowers took out a record amount of mortgage debt, with the majority of it uninsured. Canadians Borrowed […]. The post Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt appeared first on Better Dwelling.

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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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First American names Ken DeGiorgio as president

Housing Wire

First American Financial Corporation has announced a new addition to its C-Suite. Kenneth DeGiorgio, who joined First American in 1999, has been named president. In his new position, DeGiorgio will have oversight responsibility for the corporation’s operating groups, including its title insurance, specialty insurance and data and analytics businesses, the company said in a press release.

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Canadian Inflation Makes The Fastest Two-Month Acceleration In Over A Half Century

Better Dwelling

Canadian inflation is rising at the fastest pace in decades, but at least it’s just transitory… maybe. Statistics Canada (Stat Can) latest consumer price index (CPI) numbers show a big jump in prices for April. The sentiment shared between the Bank of Canada (BoC) and Stat Can is, this is just temporary. However, much of […]. The post Canadian Inflation Makes The Fastest Two-Month Acceleration In Over A Half Century appeared first on Better Dwelling.

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Mortgage Rates Taper Over the Prior Month, Boosting Refinancing

Eye on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields. For the week ending May 14, the average 30-year fixed rate mortgage was 3.15%. The MBA’s Market Composite Index, reflective of activity in refinancing and purchase mortgages, changed course compared to.

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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

The home-buying process can be fun, exhilarating and sometimes stressful—and that’s just searching for the perfect home. The loan process is a whole different process that can seem like a foreign language. Most buyers just want to know what fees and costs are associated with their new home purchase or refinance. The fees shown on the Good Faith Estimate can be difficult to understand but can be broken down into five sections.

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Best Places to Live in America

BubbleInfo

Ok, ok you don’t want to leave America! Here are the 50 best places to live in the USA (hat tip to ‘just some guy’): [link].

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‘Unsellable Houses’: Watch a ‘Semi-Hoarder’ Home Turn Into the Best on the Block

Realtor.com

HGTV Can a messy house sell for top dollar? On the latest episode of “Unsellable Houses,” Lyndsay Lamb and Leslie Davis prove that even the most cluttered home can turn a big profit. In the Season 2 episode, “A Contemporary Cleanup,” these twin sisters get a call from a homeowner, Stan , who needs lots of help on his self-described “semi-hoarder” house in Bothell, WA.

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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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BETTER HOMES AND GARDENS® REAL ESTATE TAPS INDUSTRY INNOVATOR FOR TOP SALES POSITION

Realty Biz

Better Homes and Gardens Real Estate LLC today announced the addition of Jack Markham to the brand’s leadership team. In his new role as Senior Vice President of Franchise Sales, Markham will lead the national sales team to support the brand’s aggressive growth goals. Markham’s career has been defined by a track record of successfully leading national sales organizations.

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Mortgage and refinance rates today, May 19, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched higher yesterday. So, over the previous week, we’ve had three rises, one fall and one holding steady. First thing, it […].

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The Pandemic Had Unexpected Effects on Millennial Home Buyers—Here’s Why

Realtor.com

Getty Images Although the COVID-19 pandemic brought many aspects of public life to a standstill, for nearly half of millennial home shoppers, it accelerated their buying timeline. The nation’s largest generation surged into the buying market, thanks to record-low mortgage rates and stay-at-home orders, which gave them the opportunity to save up for a down payment.

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A Market Ambassador

The Residential Specialist

Mark Gordon, CRS, says he’s successful due to his commitment to his market and community. Some real estate agents view homebuying and selling strictly as a financial transaction. But to stand out from your peers and to be able to represent yourself as the best agent in your market, additional care is necessary. One way to accomplish this is to engross yourself in your market by forging relationships and truly understanding what makes the community in which you’re selling “tick.”.

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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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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. This indicates that it’s available for showings. However, this is just the start with many things to do before the status changes to “Closed.” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” What do they mean and how will they affect your home sale?

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John D MacArthur Beach State Park - Northern Palm Beach County

Waterfront Properties

Palm Beach County is home to the John D MacArthur Beach State Park, the only state park located within the county. The park was established in 1989 and its purpose is to protect Florida’s southeast coast. The park is located in North Palm Beach and is situated between the Lake Worth Lagoon and the Atlantic Ocean. The park is home to more than seven species of plants, more than 22 species of animal’s roam throughout the park and features more than 438 acres of natural environment.

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Fractional ownership may be the solution to housing affordability

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: Fractional ownership may be the solution to housing affordability. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Here are three amazing new companies to get your wheels turning on how their innovative model, or parts of their model, can help address the housing affordability

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Golf Carts Allowed – North Palm Beach

Waterfront Properties

The Village Council of North Palm Beach recently created a new ordinance allowing golf carts to be driven legally on Village-owned streets. Florida State law forbids the use of a golf cart on any public street unless the local government passes an ordinance specifically for local roads. Under state law, golf carts are defined as a motor vehicle that is designed and manufactured for operation on a golf course. and is not capable of exceeding 20 miles an hour.

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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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VA loan co-signers: Who can co-sign on a VA loan?

The Mortgage Report

VA loan co-signers are allowed. But the co-signer must be your spouse and/or another VA-eligible borrower. Learn more about VA loan co-signers here.

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Car Show This Saturday In Jupiter

Waterfront Properties

Jupiter’s Harbourside Place is hosting their reoccurring Classic Car Show this upcoming weekend. Dozens of classic and antique cars will be rolling into Harbourside this Saturday afternoon. Gather your friends and family and come check out some of the world’s most unique cars. The popular Car Show happens once a month and is always hosted on a Saturday towards the end of the month.

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What you need to know about real estate lead magnets

Easy Agent Pro

“Subscribe.” How many times have you been online and subjected to a pop-up with a brightly-colored button bearing that word? Very often it’s accompanied by an offer, many of which are rather lame. For instance, would you give up your contact information to “join our email list?”. Me neither. To generate quality leads from your website or landing page, you need to figure out which audience you want to target, what that audience wants and then provide it.

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Content Ideas for Your Real Estate Video Strategy

RIS Media

Incorporating video messaging into your real estate marketing strategy is a powerful way to introduce a more personal touch and boost your connection with clients. Research shows that video is becoming increasingly influential in the marketplace. In 2020, 76% of businesses reported video as their most important content and 83% of marketers forecasted that video would become even more valuable to their organization in the future.

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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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A Complete Real Estate Video Marketing Guide: The 5 Fundamental

Agent Fire

Video is the current king of content. That's why you should seriously consider making it a part of your content strategy. In this article, we go over 5 fundamental elements of video marketing you need to start applying today. A Complete Real Estate Video Marketing Guide: The 5 Fundamental is just one of many great real estate strategies on The Spark.

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How Much Do Sellers Expect Their Homes To Fetch? Hint: It’s More Than List Price

Realtor.com

Getty Images It’s a great time to be a home seller in this white-hot housing market. Bidding wars and offers over asking are becoming the norm in many parts of the country. Move-in-ready homes can sell in hours. And buyers are so desperate to secure a property of their own that they are waiving all kinds of standard contingencies. This means that home sellers are expecting to cash in big time.

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Simple Solutions for Down Payment Saving

American Lifestyle

The post Simple Solutions for Down Payment Saving appeared first on American Lifestyle Magazine.

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Four Brooklyn Parks Projects Gain $31 Million in City Funding

Brownstoner

The city will spend $31 million on construction on four new parks projects in Brooklyn — bringing a new green space to Williamsburg, and much-needed upgrades to three other dilapidated parks. “Increasing access to open space and improving parkland is integral to building healthy communities. These four projects set to begin… Read More > The post Four Brooklyn Parks Projects Gain $31 Million in City Funding 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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How to be comfortable on camera for your real estate videos

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: How to be comfortable on camera for your real estate videos. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. You know I’m a huge advocate for video and putting yourself in front of the camera as much as possible.

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Brooklyn Heights Greek Revival With Pier Mirror, Marble Mantels Asks $7.395 Million

Brownstoner

Set on the block-long Garden Place, this 19th century row house fittingly has a landscaped rear garden along with a balcony and terrace from which to enjoy the view as well as a sunroom complete with marble sink for prepping your own floral displays. The 25-foot-wide Brooklyn Heights house also… Read More > The post Brooklyn Heights Greek Revival With Pier Mirror, Marble Mantels Asks $7.395 Million appeared first on Brownstoner.

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How to Incorporate Storytelling in Your Social Media Posts

RISMedia

Every successful real estate agent knows how to tell a story. From helping families imagine what their lives can look like in a new home to writing creative listing descriptions that sell every inch of a property, compelling storytelling is a big part of the job. So why not incorporate this into your social media […]. The post How to Incorporate Storytelling in Your Social Media Posts appeared first on RISMedia's Housecall.

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Katy Perry Reportedly Sheds Beverly Hills Guesthouse for $7.45M

Realtor.com

Getty Images On the heels of her acquisition of a major mansion in Montecito, CA, the pop star Katy Perry has finally sold one of two Beverly Hills homes, Dirt reported. The 4,410-square-foot abode sold for $7,475,000. That’s just a smidge over the price of $7.45 million that Perry paid three years ago. The “Roar” singer purchased the nearby property in 2018.

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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.