Sat.Nov 27, 2021 - Fri.Dec 03, 2021

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Home Price Appreciation Decelerates in September

Eye on Housing

In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.

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Zillow hit with multiple shareholder lawsuits

Housing Wire

Zillow’s Chief Operating Officer Jeremy Wacksman virtually appeared this September at a conference held by investment banking company Piper Sandler , and proclaimed, “The strength and the appeal for Zillow Offers just continues to grow. And we’re even more confident now that this is going to be a service really in all-weather markets.”. Six weeks after Wacksmans’ remarks, Zillow said it was winding down an iBuying program responsible for the majority of the company’s revenue and operating expens

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Top 5 Social Media Strategies for Realtors in 2022

Realty Biz

Social media marketing has become an integral part of digital marketing since Facebook exploded in the early 2000s. These days, nearly every notable company has not only a social media presence, but a strategy to help them grow even more. Realtors are no different. More and more real estate agents are incorporating social media into their marketing strategies – and quite successfully.

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Why Now Is a Great Time To Sell Your House

Keeping Current Matters

As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation , growing equity , low inventory , and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter.

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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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US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve

Better Dwelling

US real estate prices are looking frothy, according to central bank researchers. The US Federal Reserve (the Fed) recently updated its exuberance index for Q2 2021. The little-known index exists to identify housing bubbles early, to minimize damage. For the first time since 2007, that indicator is now warning that US real estate prices are […].

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Ex-MBA prez Ronald McCord to pay $52M mortgage fraud penalty

Housing Wire

A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. United States District Judge Robin Cauthron ordered McCord also serve 8.5 years in prison — the maximum the federal government said it would seek — as well as three years of supervised release.

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Home Is Where the Heart Is More than Ever This Year

Keeping Current Matters

There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.

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Canada Just Saw The Sharpest Pullback For Housing Investment Since 2009

Better Dwelling

Canadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the component of GDP that covers real estate’s most direct economic output. The GDP […].

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FHFA: Government to back mortgages up to $970,800 in 2022

Housing Wire

The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.

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Has the Housing Market Peaked? That May Depend on Where You Live

Realtor.com

Realtor.com / Getty Images After more than a year of staggering increases in home prices, the party appears to be coming to an end. The growth in prices, which rose more than 30% this year in some of the nation’s hottest real estate markets, appears to have peaked nationally. Home prices are still increasing, but substantially less than they were just a few months ago.

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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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A Checklist for Selling Your House This Winter [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re planning to sell your house this winter, you’ll want it to look its best inside and out. Take the time and focus on tasks that make it inviting , show it’s cared for, and boost your curb appeal. Reach out to a real estate professional today so you can have an expert opinion on what to focus on, so it shows well and catches a buyer’s eye.

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How to Buy a House at Auction

Maximum Exposure Real Estate

Buying Houses at Auction One of the questions home buyers often ask is how do real estate auctions work? The question is often asked because they want to know how to buy a house at auction. Buying a home at auction offers an exciting alternative to the traditional route – one that can be perfect […]. The post How to Buy a House at Auction appeared first on Massachusetts Real Estate Exposure.

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Pending home sales shock 2021 housing crash bears

Housing Wire

Today, pending home sales came in as a big beat of estimates — up 7.5% in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.

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The Bank of Canada Only Sees 2 Real Estate Bubbles and Vancouver Isn’t One of Them

Better Dwelling

Canadian cities rank as some of the largest real estate bubbles globally, but Canada doesn’t see it that way. The Bank of Canada (BoC) House Price Exuberance Index Indicator (HPEI) ranks just two cities as exuberant in Q3 2021. Neither of those cities is Toronto or Vancouver, despite both ranking amongst the biggest real estate […]. The post The Bank of Canada Only Sees 2 Real Estate Bubbles and Vancouver Isn’t One of Them appeared first on Better Dwelling.

Banks 139
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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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5 Homes with Helipads

Sotheby's International Real Estate

When considering the ultimate at-home luxuries, having a helipad may well be top of the list. For ease of travel, commuting, and hosting guests from afar, the space required for a helipad, and for a helicopter to maneuver, can be hard to come by; however, these five exceptional properties not only have the facilities for a perfect landing, but also host remarkable homes that are well worth traveling by helicopter to visit. .

Land 130
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Buying a Home in Your 50s? Here’s Everything You Need To Know

Realtor.com

Getty Images Once you hit the half-century mark, you’ve likely accumulated a passel of belongings, some decent savings, and, quite possibly, some hard-earned real estate wisdom. But when it comes to buying a new home in your 50s, the process is quite different from any other time in your life precisely because you’re at a midpoint—in homeownership.

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Housing inventory has never been lower

Housing Wire

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019.

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One In Five Canadians Are In “Shelter Poverty” and It’s Worse For New Immigrants

Better Dwelling

Soaring Canadian real estate prices has left many in a form of poverty, shows government data. Statistics Canada (Stat Can) recently dropped the results of its 2018 housing survey. Amongst the many insights are the number of people living in shelter poverty. These are households that spend more than 30% of their income on housing […]. The post One In Five Canadians Are In “Shelter Poverty” and It’s Worse For New Immigrants appeared first on Better Dwelling.

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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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Where Does Warren Buffett Live? The Modest Home of the World’s Tenth Wealthiest Person

Fancy Pants Homes

Named one of the most successful investors in the world, one might assume that Warren Buffett lives in the lap of luxury. But, in fact, the billionaire owns a modest house that is worth 0.001 percent of his total wealth. Here’s the full scoop on the Omaha, Neb. house that Buffett has lived in and loved for six decades. The story behind the billionaire’s humble abode.

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How Long Does It Take to Build a House?

Realtor.com

brittak/iStock How long does it take to build a house? It’s a question often posed by people looking to buy an idyllic piece of land so they can construct their dream home from the ground up. If this describes your current housing situation, you’ve come to the right place! So before you invest in that spacious lot with stunning views and mature trees, it’s wise to consider the time it’ll actually take to build the place you’ll be living in—especially considering su

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What Omicron, bond market and jobs mean for housing

Housing Wire

Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.

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Canadian HELOC Balances Rise Another $1.7 Billion In A Month

Better Dwelling

Canadian homeowners are tapping their real estate windfall to fund a spending binge. Bank of Canada (BoC) data shows home equity lines of credit (HELOC) debt surged in September. HELOC debt slowed last year but now it’s back with a vengeance, growing faster than the economy. Experts say it provides a boost to the economy […]. The post Canadian HELOC Balances Rise Another $1.7 Billion In A Month appeared first on Better Dwelling.

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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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Pending and Existing Home Sales Jump in October

Eye on Housing

Despite low inventory and increasing affordability concerns, both pending home sales and existing home sales jumped in October, according to the National Association of Realtors (NAR). Though the market remains strong and sales is on pace for its strongest sales in 15 years, higher home prices continue to price out first-time and young buyers. The Pending Home Sales Index (PHSI).

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Video of the Week: Take a Virtual Tour of a Light-Filled Home in Kanagawa, Japan

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Kanagawa, Japan | List Sotheby’s International Realty. Built in 1988, traditional Japanese design meets a modern aesthetic in this one-story home in Kanagawa. Private and forested, this residence is an ideal serene retreat.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market.

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Canada Might See Capital Flight After Real Estate Overtakes Private Investment: NBC

Better Dwelling

Canadian real estate has outgrown productive investment for a few years, but it’s never been this bad. National Bank of Canada (NBC) found that Canadians now invest more in homes than businesses. It’s the first time since the early 1960s that housing investment has grown larger than private investment. The “Big Six Bank” says this […]. The post Canada Might See Capital Flight After Real Estate Overtakes Private Investment: NBC appeared first on Better Dwelling.

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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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Trader Joe’s Reveals Williamsburg Store Will Open Friday, December 10 With Live Music

Brownstoner

Trader Joe’s Williamsburg outpost will officially open Friday, December 10, the store announced today. When Brownstoner stopped by 200 Kent Avenue Sunday, a mural decorating the entrance had been completed and work was still going on inside. Opening day will include a ribbon-cutting ceremony and live music, according to a store… Read More > The post Trader Joe’s Reveals Williamsburg Store Will Open Friday, December 10 With Live Music appeared first on Brownstoner.

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Open House | Inside a Property With a Private Runway

Sotheby's International Real Estate

Imagine pristine Caribbean waters, white sand beaches that stretch for miles, and all the peace and relaxation that comes with the luxury of private island living. Now imagine the ability to visit such a wonderful place as frequently as you please with the convenience of private air travel. If that sounds like paradise, then Casuarinas Cottage on Pine Bay—an unspoiled, eco-friendly Turks and Caicos island—may just be the perfect getaway property for endless sun, sand, and seclusion. .

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Mortgage rates remain flat as Omicron fears spread

Housing Wire

Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant , according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Mortgage rates are in a historical low level, but the expectation is that they will increase in the coming months due to higher interest rates.

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Canada Now Has Over 1 Million Vacant Jobs As More People Exit The Workforce

Better Dwelling

Canadian employers are struggling to find labor but this isn’t just reopening pains. Statistics Canada (Stat Can) data shows over one million vacant jobs in September. The common take is, this hiring boom is reopening pains as the economy grows. Further analysis of the same data set shows that might not be the case last […]. The post Canada Now Has Over 1 Million Vacant Jobs As More People Exit The Workforce 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.