Sat.Sep 26, 2020 - Fri.Oct 02, 2020

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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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Why Selling this Fall May Be Your Best Move

Keeping Current Matters

If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market. ShowingTime , a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year.

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A disturbing trend: Buyers fail to deliver deposit cheques

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: A disturbing trend: Buyers fail to deliver deposit cheques. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There is an alarming trend that is quite rampant in the Toronto area.

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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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Brokerage uses VR to get consumers inside houses that haven’t been built yet

Housing Wire

Urban District Realty , a Washington, D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. “PROJETO specifically is for homes that have not been built yet, these are homes that are still in development and that is something that when we did all of our research and looked around, no one else is doi

Brokerage 544

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Toronto Condo Rental Inventory Is Soaring, and It Might Be Driving People To Sell

Better Dwelling

Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September. Meanwhile absorption is failing to keep up, potentially explaining the abrupt rise of condos for sale. Toronto Condos For Rent […].

Sales 145
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What Buyers and Sellers Need to Know About Multiple Listing Services

Homes.com

In the world of real estate, both buyers and sellers need to ensure they have access to a multiple listing service for many reasons. The connection? Using a real estate professional. Here are the benefits both buyers and sellers need to know when using an MLS. The post What Buyers and Sellers Need to Know About Multiple Listing Services appeared first on Homes.com.

MLS 144
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Home-price index gains the most since 2018

Housing Wire

The S&P CoreLogic Case-Shiller index of home prices in 20 U.S. cities gained 3.9% in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. The increase was bigger than the 3.5% advance in the prior month, and it was the largest annual gain since December 2018.

Mortgages 542
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Housing Market on Track to Beat Last Year’s Success

Keeping Current Matters

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First American , announced last week: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic

Marketing 248
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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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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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7 Gorgeous Fall Decor Ideas That Will Salvage Your 2020

Realtor.com

Sarah Catherine Design Birmingham, AL/Houzz We’re not going to mince words: This year has been a dumpster fire that makes us feel foolish for all the other times we whined about what a lousy year it was. And if you’re anything like us, you’re probably glad to see the calendar edge us closer to the end of this hellish spin around the sun.

Design 140
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Mortgage rates decline this week

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan is 2.88% this week, falling from last week’s 2.9% , Freddie Mac said in a report on Thursday. The rate is now two basis points from an all-time low set three weeks ago. The average fixed rate for a 15-year mortgage was 2.36%, falling from last week’s 2.4% to a level that’s one basis point away from the record 2.35% set two weeks ago, the mortgage giant said.

Mortgages 541
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Rising Home Equity Can Power Your Next Move [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. According to CoreLogic , homeowners across the country are gaining significant equity. Over the past year, the average homeowner gained $9,800 in equity, growing their overall net worth. If you’re ready to sell your current house and begin looking for your dream home, contact your local real estate professional to learn how your home equity can help make that possible.

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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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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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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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Consumer confidence posts biggest surge in 17 years

Housing Wire

Consumer confidence, a key measure in gauging whether people are willing to make big-ticket purchases like homes , surged the most in more than 17 years during September, surpassing the expectations of economists. The gauge rose to 101.8, the highest level since the start of the pandemic, from August’s upwardly revised 86.3, the Conference Board said on Tuesday.

Marketing 532
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Buyers Are Finding More Space in the Luxury Home Market

Keeping Current Matters

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.

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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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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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Home Price Appreciation Continues in July

Eye on Housing

National home prices continued to increase at a modest pace in July. While Los Angeles posted the strongest annual growth rate among the 19 metro areas, New York experienced a home price decline. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 4.7% in July, Read More › The post Home Price Appreciation Continues in July first appeared on Eye On Housing.

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Pending home sales at an all-time high! Now what?

Housing Wire

Riddle me this: How can home sales grow when we have no homes to buy? When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand. But not so long ago, for more than a year we had negative year-over-year monthly data with inventory rising on a year-over-year basis. Now we have the opposite scenario.

Sales 532
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4 New iOS Features to Boost Productivity

RIS Media

The new Apple iOS 14 update has caused a flood of images featuring aesthetic home screens and articles with detailed design tutorials. While the update is clearly recognized for its visual appeal, it also makes many tasks simpler. This boost in efficiency can benefit any iPhone user, but can be especially helpful to those with packed schedules, like real estate agents.

Agents 138
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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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Live in a 19th Century Architectural Fad — an Octagon House Is Yours for Under $290K

Brownstoner

The craze for octagonal living was a relatively brief one, but in the mid 19th century eight-sided houses popped up in small towns across the country. This Oneida county example is a fetching one, with its deep porch, bracketed cornice and cupola. The architectural conversation starter on the market is located… Read More > The post Live in a 19th Century Architectural Fad — an Octagon House Is Yours for Under $290K appeared first on Brownstoner.

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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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CSBS takes aim at nonbanks with proposed rule

Housing Wire

This week the Conference of State Bank Supervisors issued a final proposed prudential standards rule for comment to address their concerns with nonbank servicers. The proposed rule addressed capital, liquidity, governance, policy related to entity survivorship, and more. It’s a meaty proposal and one whose intent should be welcomed as it can help to further lessen the unusual focus that nonbank lenders and servicers have been getting in recent years.

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5 Inbound Marketing Tricks That Work Like a Charm for Real Estate Companies

Jason Fox

5 Inbound Marketing Tricks That Work Like a Charm for Real Estate Companies. How do you generate leads to your real estate business? Here’s a fact: Right now, clients are looking to buy or rent your property. 81% of people will search online for a product/service when making purchase decisions You don’t have to spend thousands of dollars on a TV commercial or Billboard advertising campaign to reach.

Marketing 131
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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.