September, 2020

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Wow — 6 million existing home sales! However, context is key with 2020 housing market data

Housing Wire

Painter Kenneth Noland said, “Context is key – from that comes the understanding of everything.” Whether that is true in the world of art I could not tell you, but it is most certainly true in the world of economics. What are numbers but meaningless points? It is when those points are considered in the context of what has happened before and what we expect to happen in the future that they become imbued with meaning.

Sales 542
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Now, believe it or not, fall home-buying season is in full swing.

Agents 546
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Commercial Real Estate: Post-Coronavirus Market Outlook

RIS Media

A global view of the pandemic’s impact on the commercial market. The world has changed dramatically since the coronavirus outbreak, and global real estate markets have not escaped its impact. The pandemic has magnified and accelerated a number of sector trends for the longer term. Even in a post-pandemic world, it is widely accepted that many of the new practices, such as increased remote working and greater e-commerce, will continue to be observed.

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9 Reasons To Buy A Home In The Fall

Realty Biz

Reasons To Buy A Home In The Fall. The fall season is usually full of major changes. Many young people return to school, football season begins in full swing and the overall climate makes a change with cooler temperatures and vibrant colors. Over the last few years, the fall season has also become a popular time to sell a home. While spring still remains the most popular season for selling a home, there are plenty of reasons to try and buy a property in the Autumn of the year.

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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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4 Huge Mistakes You Might Make Moving From a City to the Suburbs

Realtor.com

Warchi/iStock There comes a time in many people’s lives—usually when the words “baby” or “school district” become a regular part of the vocabulary—when people flee the glamorous city to the charming suburbs. Add the coronavirus pandemic to the equation, and suddenly the scales tip all the more toward suburban flight happening sooner rather than later.

As-is 145
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Home Values, Owners’ Equity Rise in 2Q20

Eye on Housing

As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 trillion, while the aggregate value of the households’ market values, i.e., that of all owner-occupied real estate.

Equity 145

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Pandemic drives more interest in real estate careers

Housing Wire

For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done. Murphy said the shut-down gave her enough time to get through the pre-licensing course and she was able to enter the real estate world feeling excited and determined.

Brokerage 545
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Canadian Mortgage Debt Passes 80% of GDP For The First Time

Better Dwelling

Canadians love mortgage debt, and most households consider it low risk. However, they might love it a little too much. Mortgage debt has seen astronomical growth over the past couple of decades. This is often attributed to large economic growth, however the mortgage debt to GDP ratio shows that might be a fib. Canadian mortgage […]. The post Canadian Mortgage Debt Passes 80% of GDP For The First Time appeared first on Better Dwelling.

Mortgages 144
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5 Ways Big Data Drives Innovation in Real Estate

RIS Media

It’s a complicated, competitive world out there, made even more complex by the powerful pandemic that turned life upside-down for so many people. For real estate brokers, agents and investors, the initial freeze on the residential real estate market quickly turned to frenzy. The fast-paced market of summer 2020 required some grounding to make sense of trends locally, regionally and nationally.

Investor 144
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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Realtor.com

Westend61 / Getty Images By the time my husband and I put in an offer on a home (for the third time) in August, we were exhausted by the home-buying process—and we hadn’t even bought a home yet. Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. Homes were going under contract the same day they were listed, making it nearly impossible to see the house and feel confident enough to submit an offer before we were beaten to the punch by anothe

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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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Examining Rental Housing in the US

Eye on Housing

Using the 2018 Rental Housing Finance Survey (RHFS) published by the US Census Bureau, this post examines the characteristics of rental housing in the United States. The RHFS provides measures of financial, mortgage, and property characteristics of rental properties in the US on a current and continuous basis.[1] General Characteristics The 2018 RHFS survey shows that there are 19,955,000 rental.

Finance 145
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Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor

Homes.com

Today's doggy DIY masterpiece is spearheaded by Rashida Banks. Taking Irish pub inspiration to create a puppy "paw"lor, this DIY dog house is the ultimate stay-cation for any pet. The post Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor appeared first on Homes.com.

Banks 142
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Mortgage lending volume in 2020 likely to break records

Housing Wire

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion. The dollar-volume record will be boosted by $2.4 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. “We continue to believe that a low-rate environment will support refinance demand over the forecast horizon,” Fannie Mae said in the forecast.

Lending 545
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This Week’s Top Stories: Canadian Real Estate Prices Forecasted To Fall, As Households Make Fewer Payments

Better Dwelling

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Moody’s Doubles Down On Forecast Of Canadian Real Estate Prices Falling Soon One of the world’s largest credit rating agencies confirmed an early forecast of falling home prices in Canada. Moody’s had expected government measures would delay any impact to home […].

Mortgages 144
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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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Is It Time to Revamp Your Networking Strategy?

RIS Media

Is networking as we know it gone? With the impact of social distancing, the days of wine and cheese gatherings have come to a screeching halt, but that’s no reason to put your networking activities on hold. In the bestselling book, “Build Your Dream Network,” author J. Kelly Hoey sheds light on networking in a hyper-connected world with a brilliant twist.

Branding 142
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DIY Home Repairs Everyone Should Know How To Do in the Age of COVID-19

Realtor.com

SolStock/Getty Images You’re no Bob Vila , but part of being a homeowner or renter is knowing how to tackle common home repair projects on your own. We’re talking about tasks that fall somewhere between changing a lightbulb and hardwiring a light fixture. These projects aren’t exactly no-brainers, but they also won’t put you at risk of electrocution.

As-is 145
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Largest Four-Month Lumber Price Increase in 70 Years Outweighs Other Price Declines in August

Eye on Housing

Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the fourth consecutive monthly increase since the index declined three months straight and brings the index back to its pre-pandemic level.

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6 Products You Need to Keep Your Home Germ-free and Sanitized in 2020

Homes.com

Looking to turn your house into a healthy haven to protect your family from COVID-19? Try these six products to transform your space. *Cover image sourced from Home Depot. The post 6 Products You Need to Keep Your Home Germ-free and Sanitized in 2020 appeared first on Homes.com.

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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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Zillow: Nearly 2 million renters can become homeowners, thanks to telecommuting

Housing Wire

Telecommuting is growing in popularity as more companies establish work-from-home protocols. With this new flexibility, nearly 2 million renter households could become homeowners , according to Zillow. Renters who are employed with a job that could be done remotely and might be priced out of their current market could afford to buy the typical starter home elsewhere in the U.S. “If remote work becomes a bona fide long-term option especially with the pandemic, that could reshape the U.S. ho

Marketing 545
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Canada’s Big Six Banks Report Over 500,000 Mortgages On Payment Deferral

Better Dwelling

Canadian banks are starting to see mortgage payment deferrals expire, and households resume payments. Canada’s Big Six banks reported Q3 earnings last week, which ended on July 31, 2020. Mortgages on payment deferrals have dropped by nearly a fifth in the latest quarter. While that doesn’t tell us how many people actually needed the deferral, […].

Banks 143
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What Does Racism Have to Do With Real Estate Appraisals?

HomeLight

In August 2020, a couple in Jacksonville, Florida, ordered an appraisal on their house so they could take advantage of low refinancing rates. As The New York Times reported, after their first appraisal came in suspiciously low , and the homeowners then made some minor decorating adjustments, a second appraisal valued their home a full 40% higher than the first.

Loans 138
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See What COVID-19 Has Done to 2021’s Colors of the Year

Realtor.com

scanrail / Getty Images The coronavirus pandemic has affected every facet of our lives—even, apparently, the colors we should paint our walls. As proof, look no further than the colors of the year for 2021. The time has arrived when paint companies start rolling out their top hues that embody the era’s zeitgeist. And, with 2020 being unlike anything we’ve experienced in our lives thus far, it’s no surprise that COVID-19 has had a palpable impact on which colors are predicted to

Design 145
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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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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

Passive income is money that is usually (but not always) received regularly without any or only little effort. You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income. There are thousands of best passive income ideas you can come across on the internet for earning monthly residual income.

Lending 135
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So You Want to Buy a Fixer-Upper: Here’s What You Need to Know

Homes.com

Stephen and David St. Russell, self-taught renovation and fixer-upper experts, are sharing their advice for homebuyers who are looking to explore buying a home that needs some extra TLC. The post So You Want to Buy a Fixer-Upper: Here’s What You Need to Know appeared first on Homes.com.

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Mortgage forbearances drop 22% from May peak

Housing Wire

There are 3.7 million U.S. homeowners with mortgages in forbearance this week, down 22% from May’s peak of 4.7 million , Black Knight said in a report on Friday. The total weekly drop was 66,000 loans, a slower pace than the decline of 150,000 in the prior week, the report said. Measured as a share of all mortgages, 7% of home loans are in forbearance, down from 7.1% in the prior week, Black Knight said.

Mortgages 545
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Home Purchasing Reaches Highest Level in Over a Decade

Eye on Housing

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis. Most notably, the Purchasing Activity reached its highest level since January 2009, when it was only 5.3% higher.

Mortgages 135
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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 mortgage rates move when the Federal Reserve meets

The Mortgage Report

The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate.

Mortgages 133
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6 Upgrades That’ll Help Sell Your Home During the Pandemic—and Beyond

Realtor.com

Feverpitched/Getty Images If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived. But now, we’re more than six months into the COVID-19 era with no clear end in sight. As many people continue working and logging in to school from home, the real estate market is again heating up with buyers eager to upgrade to a new home.

Staging 143
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Canadian Population Growth Slows To Lowest Rate In Years

Better Dwelling

Canada’s robust population growth has been grinding to a halt during the pandemic. Statistics Canada (Stat Can) quarterly population estimate for Q3 2020 shows there is still a lot of growth. However, it’s a lot less robust than last year, and barely moved in the most recent quarter. In fact, the most recent quarter represented […]. The post Canadian Population Growth Slows To Lowest Rate In Years appeared first on Better Dwelling.

Mortgages 132
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Expand your small business influence with these Instagram analytics tools

The American Genius for Real Estate

(MARKETING) Instagram analytics are crucial to small business success, and it's worth looking outside Instagram's in-app analytics for options. The post Expand your small business influence with these Instagram analytics tools appeared first on The American Genius Real Estate.

Marketing 132
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.