Sat.Jun 26, 2021 - Fri.Jul 02, 2021

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Housing inventory is about to get better — here’s why

Housing Wire

With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take

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Are We in a Housing Bubble? Experts Say No.

Keeping Current Matters

The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion. Yet, when it comes down to it, the opinions that carry the most weight are the ones based on experience and expertise. Here are four expert opinions from professionals and organizations that have devoted their careers to giving great advice to the housing industry.

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Home Buyers Want Energy Efficient Windows

Eye on Housing

Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. The same study also asked the panel of 3,247 recent and prospective home buyers to rate a dozen different window types and materials on the following four tier scale: The general window characteristic that home buyers value more.

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Bank of Canada Is Quietly Updating Forecast Models To Include Debt and Real Estate

Better Dwelling

Remember that time the head of Canada’s central bank said the housing bubble was good for the economy? Soak it up, because that may be the last time it ever happens. The Bank of Canada (BoC) finished its technical report on the Terms-of-Trade Economic Model (ToTEM). The model, which is used by the BoC as […]. The post Bank of Canada Is Quietly Updating Forecast Models To Include Debt and Real Estate appeared first on Better Dwelling.

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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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Real estate brokerages embrace long-term remote work

Housing Wire

The Broadmoor Hotel in Colorado Springs, Colorado. Brokerage executives are elated to see each other in person again. So long as it’s temporary. “It’s a tremendous opportunity to reconnect with everyone,” said Susan Yannaccone , chief executive of Realogy’s franchise network since last November. “The intangible connection you can make with people face-to-face or over a cup of coffee.

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Why a Zillow Home Value Should Not Be Trusted

Maximum Exposure Real Estate

Zillow Home Values Explained Are you wondering whether Zillow house values are accurate? One of the questions real estate agents often get from consumers is, “how accurate are Zillow home value estimates.” Home buyers and home sellers need to understand right from the get-go that a Zillow home value is NOT accurate the vast majority […].

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The Bold and the Beautiful: 5 Homes with Eye-Catching Interior Paint

Sotheby's International Real Estate

Choosing classic paint shades is an effortless way to create a reliably stylish ambience in a home, but these plucky residences turn the sophistication up a notch with vivid, often unexpected doses of color. Consummate San Francisco Style. San Francisco, California | Gael Bruno, Sotheby’s International Realty – San Francisco Brokerage. On the top floor of a stately Edwardian building in San Francisco’s fabled Ashbury Heights neighborhood, this charming remodeled two-bedroom condomini

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Ginnie Mae unveils 40-year mortgage term for issuers

Housing Wire

Ginnie Mae is set to introduce a new 40-year mortgage term for its issuers on the heels of administrative shake ups at the top of the housing industry. Only loans with terms greater than 361 months and less than or equal to 480 months will be accepted, but there will be no loan amount restriction, Ginnie Mae said. The mortgage-bond giant said it expects the new pool to be available in October.

Mortgages 538
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Save Time and Effort by Selling with an Agent

Keeping Current Matters

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% ( S ee graph below ): To help you understand just how much time a

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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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6 Ways to Create Video Walk-Throughs That Attract Leads

RIS Media

Video walk-throughs of for-sale properties are a must for today’s real estate agents looking to gain new leads and sell homes fast. If this feature is not already part of your current marketing plan, it’s time to whip out your camera or smartphone and get shooting. Remember, you don’t need to be a film buff to create successful video tours of your properties.

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The New Normal of Selling a Home Today, Explained

Realtor.com

Getty Images If you’re selling your home right now—or thinking about doing it soon—you should know that today’s housing market is unlike anything we’ve seen or experienced lately, maybe ever. In the past, home sellers might have waited weeks or months to get an offer that might not be as high as they’d hoped. Buyers may have lowballed, or driven a hard bargain asking sellers to make certain repairs or other concessions before closing the deal.

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June jobs report is great news for the housing market

Housing Wire

Hiring in the U.S. picked up steam in June, as employers added 850,000 jobs amid declining COVID-19 cases and a reopening economy, the Bureau of Labor Statistics reported on Friday. After a lackluster April and May, June’s employment gains totaled 100,000 more jobs than economists originally predicted. The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints.

Marketing 500
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Consumer Confidence Rises to Highest Level since March 2020

Eye on Housing

Consumer confidence continued its upward trend and approached to pre-pandemic level in May, as consumers became more upbeat about the current and future economic conditions and job market. Though short-term inflation expectations increased, it had little impact on consumer confidence or spending intentions. The share of consumers planning to buy homes, cars, and major appliances all increased, suggesting consumers will.

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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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How to Donate Furniture and Clothes With Free Pickup (Video)

Maximum Exposure Real Estate

What You Need to Know About Donating Furniture and Clothes Are you looking to find where to donate furniture or clothing? Did you know some companies do furniture donation pick-ups? Well, it’s true. There are nonprofit organizations that offer free pickup of your charitable donations. Furniture donations are commonplace for quite a few people.

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More Homes Went Up For Sale in June, but Prices Still Hit New Highs

Realtor.com

Getty Images The housing market may be taking one step forward—and two steps back. In a sign that the hot housing market is getting a little better for buyers, more homes hit the market in June, according to a recent Realtor.com® report. However, prices continued to soar, reaching a new all-time high. The number of new listings for sale increased 10.9% in June compared with a month earlier—and were up 5.5% annually.

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Mortgage rates dip back down to 2.98%

Housing Wire

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady and is bolstering more segments of the economy,” said Sam Khater, Freddie Mac’s Chief Economist.

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Getting In Your Own Way!

Toronto Realty Blog

TorontoRealtyBlog. So you’re looking for a steal , eh? Or just a deal ? Maybe not a deal, but just a “feel-good” purchase? Perhaps you just want to buy a house or condo and not feel like you got beat up, right? I understand the psychology of buying properties in Toronto and I’m fully aware of the emotional roller-coaster that buyers ride through the process.

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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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Zestimate Accuracy

BubbleInfo

I have suspected that consumers rely on their zestimate more than we’d like to admit. It’s been around for ten years, so it’s familiar and easy. Because there isn’t any other internet tool like it, homeowners follow their zestimate and fantasize about their equity position – and start believing. Zillow sends regular reminders which reinforce […].

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Luxury Real Estate Headlines: Final Week in June 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Yamanashi, Japan | List Sotheby’s International Realty . Mountainous views and pine-scented soaks in an onsen provide a restorative antidote to lockdown — along with the occasional cocktail. Fantasy home: hot-spring tranquility in a traditional Japanese guesthouse – Financial Times.

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Black Americans still face massive housing barriers

Housing Wire

Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against 73.8% of white Americans. Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners.

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July Fourth Hosting Tips for New Homebuyers Who Now Have Space to Entertain

Realtor.com

Getty Images The COVID-19 pandemic saw many homebuyers prioritizing square footage and outdoor space like never before. Some folks left the tight confines of the city for wide-open floor plans, while others refused to even look at a house that didn’t have an expansive backyard. More space means more room to entertain, and if you’re a new homebuyer who’s spent months (or a year) dreaming about hosting a July Fourth shindig, now’s your time to shine.

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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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Is It Housing Demand, or Supply?

BubbleInfo

There is a collective mindset. For the last year, real estate has been hot around the world. When California gets cooking, so do all the neighboring states. And when America gets cooking, other markets around the world benefit too. There are varying degrees of hot, but we can say that real estate markets everywhere have […].

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#325: Bitcoin for Beginners

Afford Anything

Okay, so everyone and their dog is talking about Bitcoin — but what exactly is it? And what’s Ethereum? There’s a famous adage that you should never invest in something that you don’t understand. Today’s episode is intended to help you understand WTF is going on. Here’s what we cover: We explain the history and purpose of blockchain, which is the technology underlying cryptocurrencies such as Bitcoin.

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Case-Shiller: April home price increase ‘truly extraordinary’

Housing Wire

Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Index, called April’s gain “truly extraordinary,” as home price gains have been expanding for the last 11 months. “The 14.6% home price gain in the National Composite is literally the highest reading in more t

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Canadian Building Permits Make Historic Drop, As Real Estate Slowdown Spreads

Better Dwelling

Canada’s real estate boom is starting to slow down, with fewer new projects taking the first step. Statistics Canada (Stat Can) data shows the dollar value of building permits fell in May. After coming off of record highs, a decline should have been expected for the most part. The size of the fall was definitely […]. The post Canadian Building Permits Make Historic Drop, As Real Estate Slowdown Spreads appeared first on Better Dwelling.

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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.