Sat.Feb 12, 2022 - Fri.Feb 18, 2022

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Refi applications fall to 53% of mix amid rate spike

Housing Wire

Mortgage applications decreased 5.4% for the week ending Feb. 11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 8.9% from the previous week, bringing its share of total applications to the lowest level in 19 months. Meanwhile, the purchase index dropped a mere 1.2%.

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Are You Ready To Fall in Love with Homeownership?

Keeping Current Matters

Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes.

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New Data Show Renter Confidence Is on the Rise

RIS Media

A strong job market is helping to boost renter confidence as we enter the third year of the pandemic, according to a new survey released Tuesday by Avail, a part of realtor.com ®. According to the survey, 82% of renters said they have not missed a rent payment over the past 12 months, up significantly from 57% in Sept. 2021. Looking forward, more than three-quarters of renters (77%) don’t expect to miss a rent payment in the next three months—more than double the 38% who said this in the Sept.

Finance 98
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America’s racial homeownership gaps remain focus of the present and future

The American Genius for Real Estate

NAR CEO Bob Goldberg calls the racial homeownership gaps "the most consequential civil rights issue of our day" in this editorial. The post America’s racial homeownership gaps remain focus of the present and future appeared first on The American Genius Real Estate.

Equity 134
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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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Mortgage rates jump to 3.92% amid high inflation

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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Led by Lumber and Paint, Building Materials Prices Jump in January

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was led higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint. Building materials prices increased 20.3%, year-over-year, and have.

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How to Deal With Bad Neighbors When Selling a Home

Maximum Exposure Real Estate

Tips on How to Deal With Bad Neighbors Do you want to know how to deal with toxic neighbors? Selling your home can be challenging, even in the best circumstances. There is just a lot of work involved in selling. So even if you do everything correctly and a buyer arrives on your doorstep the […]. The post How to Deal With Bad Neighbors When Selling a Home appeared first on Massachusetts Real Estate Exposure.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% from the prior month to a seasonally adjusted annual rate of 6.5 million. January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4% annually to $350,000, according to the Friday report from the National Association of Realtors.

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More People Are Planning To Buy a Home Soon

Keeping Current Matters

While some homeowners may be tempted to hold off until spring to list their houses, you should know – homebuyers aren’t waiting.

Marketing 230
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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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Inside a Japanese-Inspired Wine Country Compound

Sotheby's International Real Estate

In Japanese, the word amaya is written with characters that mean “heavenly valley.” Fittingly, the striking Japanese-inspired contemporary estate known as Amaya, occupies some 41 hillside acres in Northern California’s wine country. Dramatic vistas of deep verdant valleys, vineyard-speckled mountains, and a rare north-end view of the serene Lake Hennessey can be observed from nearly every pocket of the generous property.

As-is 122
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Closing Costs and Closing Cost Credits Explained

Maximum Exposure Real Estate

How Do Closing Cost Credits Work In real estate, there are specific terms you should understand well. Two such terms are closing costs and closing cost credits. If you are selling a home, there is a good chance that you will encounter a buyer that requests you to pay part of their closing costs. It’s […]. The post Closing Costs and Closing Cost Credits Explained appeared first on Maximum Real Estate Exposure.

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How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money le

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

Keeping Current Matters

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form.

Marketing 249
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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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Mood Board | Stay Cozy in Cold Weather

Sotheby's International Real Estate

Aspen, Colorado | Matt Holstein, Aspen Snowmass Sotheby’s International Realty. The antidote to chilly winter weather? Slow activities like curling up indoors and staying warm by a fireplace, or taking a long, luxurious bath. There are also design elements that can help create cozy surroundings to provide maximum comfort when temperatures drop.

Design 122
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NAHB 2022 “Priced Out” Estimates

Eye on Housing

NAHB recently released its 2022 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 87.5 million households (roughly 69 percent of all U.S. households) are not able to afford a new median priced new home in 2022, meaning their incomes are insufficient to qualify for a mortgage under standard underwriting criteria. .

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Redfin losses soar amid iBuying ramp up

Housing Wire

You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to? A company that posted a $110 million dollar loss in 2021, a sextuple leap from the $19 million lost in 2020.

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How to buy a house with someone else (who’s not your spouse)

The Mortgage Report

It's possible for two or more people to buy a home if all the buyers qualify for financing. Learn about buying a home with another person here.

Finance 132
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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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9 Ways to Invest in Real Estate

Realty Biz

Interested in investing in real estate, but don’t have much cash or experience? Coughing up $50,000 as a down payment on a rental property is far from your only option to invest in real estate. As you explore your options, consider the following ways to invest in real estate. 1. Real Estate Stocks. Many industries intersect with real estate. For example, homebuilder stocks tie directly to the real estate market, as do home improvement retailers like Lowe’s and Home Depot.

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Crown Heights Family Fights Eviction From Their Brownstone Home of Over 70 Years

Brownstoner

Three generations of the Robinson-Torain family have called a brownstone in Crown Heights their home for more than 70 years. They may not be there much longer. The family is enduring a third forced eviction attempt from the real estate company that now owns the brownstone, Mandy Management. The family had… Read More > The post Crown Heights Family Fights Eviction From Their Brownstone Home of Over 70 Years appeared first on Brownstoner.

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Compass nearly doubles losses in 2021

Housing Wire

Compass CEO Robert Reffkin. How long can this last? Compass lost $494 million in 2021, a historically robust year for U.S. real estate, as the New York City brokerage continues to burn through money amid its rapid expansion. The net income loss is 83% greater than Compass’s $270 million loss in 2020, eight-year-old Compass’s final year as a private company.

Brokerage 370
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How to fight home buyer burnout in today’s hot market

The Mortgage Report

Home buyers are feeling the squeeze of low inventory and heavy competition. Here's how to fight home buyer burnout and stay motivated in this market.

Marketing 126
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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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5 UX and 5 UI design trends leading the way for 2022 and beyond

The American Genius for Real Estate

(TECHNOLOGY) Keeping your website and mobile up to date is the first step. Check out these UX and UI design trends that will dominate the future of tech. The post 5 UX and 5 UI design trends leading the way for 2022 and beyond appeared first on The American Genius Real Estate.

Design 107
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9 Memes That Nail How It Feels When Friends and Family Use Another Agent

Lighter Side of Real Estate

The pain of finding out that friends or family bought or sold a house with another agent rarely goes away — no matter how long you’re in the business. You may get better at coping with it over time, but it still stings. Maybe it’s an honest mistake. People may not know how the business works, and that agents only make money when (and if) they sell a house.

Agents 106
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

Redfin CEO Glenn Kelman. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I started at Redfin 12 years ago,” she said. “And in 2017, I decided to go on full-time as a lead agent.”. Representing homebuyers in Orange County, California, Alipour generally completed 2-3 escrows a month while many colleagues did 4-5.

Brokerage 370
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How Does Days on Market Impact Home Sales: DOM Explained

Maximum Exposure Real Estate

What is DOM in Real Estate? During the home buying or selling process, you might encounter new terms and abbreviations you don’t understand. One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. It starts from when […]. The post How Does Days on Market Impact Home Sales: DOM Explained appeared first on Massachusetts Real Estate Exposure.

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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.