May, 2021

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Navigating appraisal challenges in today’s housing market

Housing Wire

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire recently spoke with PCV Murcor Founder, President and CEO Keith Murray and COO Cindy Nasser on how the appraisal process can be streamlined in today’s tight housing market. .

Marketing 545
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3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house.

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4 Essential Steps for Winning With Buyers and Builders

RIS Media

New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. However, when buyers pivot to newly built homes, they also risk giving up their right to representation. When this occurs, both buyers and agents have missed a significant opportunity to work together for mutual benefit.

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Schitt’s Creek, but in Real Life: Owner Tries Selling California Desert Town

Realtor.com

Angela Owens/The Wall Street Journal NIPTON, Calif.—In the award-winning television show “Schitt’s Creek,” the owners of the tiny town of the same name try to sell it, with no luck. Roxanne Lang feels like she’s been living that story line on repeat. For more than half a decade now, she has been trying to sell her own town, an 80-acre plot of land on the California side of the Mojave Desert, about an hour away from Las Vegas.

Finance 145
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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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BMO Revises Worst-Case Forecast For Canadian Real Estate To A Much Larger Drop

Better Dwelling

Canadian real estate’s high flying prices are increasing the risk of a large correction. BMO Q2 2021 disclosures show the bank made big revisions to its risk forecast. In the best-case scenario, they see exuberance pushing prices more than twice as high as previously thought. In the worst case, they’ve more than doubled the size […].

Banks 145

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Generation X is looking to move to these metros

Housing Wire

In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same. Generation Xers are taking advantage of the housing boom. Generation Xers were born between 1965-1980 and range between 41 to 56-years-old.

Staging 543
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Most Pandemic Buyers Happy With Their Home Purchase and the Process

Lighter Side of Real Estate

Between COVID restrictions, low inventory, and high competition, there’s no denying that the real estate market has been tough for buyers over the past year. But despite those challenges, the majority of buyers are happy with their decision to buy. According to a recent survey from realtor.com , 71 percent of buyers who purchased their home over the past year said buying was a good decision—and a full 75 percent said their new home is the right fit for their family.

Sales 145
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First-Time Homebuyer Loans & Programs

Point2Homes

Image: William Potter / Shutterstock.com. Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on your new home. And, while you might be tempted to rush through the process as quickly as possible, cutting corners could be financially detrimental in the long run.

Loans 144
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6 Bedroom Improvements That’ll Help Sell Your Home Faster—and for More Money

Realtor.com

Getty Images You’re ready to list your house—but are your dated bedrooms a turn-off to prospective buyers? Today’s buyers are more focused than ever on finding luxe master suites that double as relaxing retreats. “Pre-pandemic, nobody really cared about the bedroom. Now, people need somewhere to get away,” says Brad Whittaker , an agent with Realty ONE Group Pacifica in Longview, WA.

Staging 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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Only Canada’s Top 5% of Households Could Qualify For A Mortgage On A Home: NBC

Better Dwelling

Great, you borrowed a downpayment from your parents. Only one problem — your income needs to be much higher to qualify for the mortgage. The majority of households would not qualify for a mortgage on a typical home, according to National Bank of Canada (NBC) data for Q1 2021. That’s for a typical home, if […]. The post Only Canada’s Top 5% of Households Could Qualify For A Mortgage On A Home: NBC appeared first on Better Dwelling.

Mortgages 145
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5 Things Your Real Estate Website Should Have

RIS Media

When having a website, there are a few elements that you should have in place to generate leads. Not only should your SEO be on point, but your site should be easy to use and have the right content. Neighborhoods. Most buyers and sellers won’t have a problem finding a website to search for their next home or to find their home’s value, but they will likely need help finding information about particular neighborhoods.

MLS 144
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Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me.

Sales 541
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Median Age of Construction Workforce

Eye on Housing

NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. While the residential construction has been adding jobs during the pandemic, access to skilled labor is still a business challenge in 2021. The median age of construction.

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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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Realogy’s Sherry Chris Shares Her Real Estate Marketing Insight

Realty Biz

If there is one thing in this world that remains certain, it’s the fact that legends are busy and difficult to catch up with. Fortunately, even in a worldwide pandemic and cataclysm, many times we find even the most famous and influential leaders are a lot more accessible than we think. Sherry Chris, the President, and CEO, Realogy Expansion Brands, is one of those people. .

Branding 139
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10 Great Garden Improvement Projects Based on How Much Time You Have

Realtor.com

Getty Images If you found yourself spending more time and money on your garden than ever last year, you’re not alone. According to an analysis of retail giant Walmart’s supply chain, the pandemic shutdown led to an “unprecedented” demand for lawn and garden items last year. Plus, a survey conducted this year for the International Casual Furnishings Association revealed that 78% of Americans made outside upgrades during COVID-19.

Design 143
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Canada Is Running Out of Land. It Does That Every Few Years

Better Dwelling

Running out of land is as Canadian as hockey, maple syrup, or laundering money for global crime networks. In fact, Canadians love running out of land so much, they do it every few years. Many are currently justifying high home prices by claiming a lack of land in Canada. This isn’t just something people have […]. The post Canada Is Running Out of Land.

Land 145
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Achieving Balanced Social Media Content

RIS Media

Employ a Purposeful and Productive Strategy Through 4 Main Content Categories. No matter what social media platforms you engage in…and hopefully there are several…you likely face the same dilemma that most other teams face: What should you post, and how often should you do it? First, let’s acknowledge that this isn’t math, and there isn’t necessarily one right answer.

Agents 143
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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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Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019.

Marketing 540
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Record Numbers of Builders Report Material Shortages

Eye on Housing

Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue on a regular basis in the 1990s, in is survey for the NAHB/Wells Fargo Housing Market Index (HMI). In response to special questions on the May 2021 HMI survey, over 90 percent of builders who buy the product in question reported.

Marketing 138
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How to Price Your Home in an Extreme Market

Homes.com

Even in a seller's market, how you price your home can make or break your plans. These steps will help ensure you have an accurate list price! The post How to Price Your Home in an Extreme Market appeared first on Homes.com.

Marketing 138
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Check Out a $6M Mansion Carved Into Salt Lake City’s Mount Olympus

Realtor.com

realtor.com It’s one thing to own a home on top of a mountain, but how about a home carved right into the side of a hill? That’s exactly what makes this 13,588-square-foot home in the exclusive Olympus Cove neighborhood of Salt Lake City, UT, so appealing. The mountainside mansion is now on the market for $6 million. Known as “Monte Olimpo,” it’s the only home that has been or ever will be allowed to be built on the 9,573-foot Mount Olympus, a popular day hike for locals.

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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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The Canadian Property Bubble Is Pushing Rents Higher As More Apartments Sit Empty

Better Dwelling

One of Canada’s frothiest market indicators surfaced — rents are rising with vacancies. Canada Mortgage and Housing Corporation (CMHC) data from their 2020 rental survey shows a sharp uptick in vacancies. Normally this is expected to bring prices down, but not in a property bubble. Rental prices continue to rise along with increasing vacancies. In […].

As-is 145
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Rent to Own: What You Need to Know About Renting to Own

Maximum Exposure Real Estate

Rent to Own Homes—The Basics Have you heard about the potential to rent to own? Lots of people wonder how rent-to-own purchases work. You have probably seen advertisements for rent-to-own properties at one time or another. While these own options are not common, they appear from time to time and may appeal to you if […]. The post Rent to Own: What You Need to Know About Renting to Own appeared first on Massachusetts Real Estate Exposure.

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We’ve got rising home prices but no housing crash in sight

Housing Wire

The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus. Before the successful vaccination program, I targeted Aug. 31, 2021, as the launching point for when we can fully achieve this, with the mindset that all jobs lost to COVID would be back online by September 2022 or earlier.

As-is 539
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Building Materials Prices Continue to Set Record Highs

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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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.