Sat.Jul 24, 2021 - Fri.Jul 30, 2021

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Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. A former national security advisor in the Obama administration, Rice now chairs President Joe Biden’s Domestic Policy Council , which has broad authority to further the president’s domestic agenda.

Equity 545
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Waiting To Buy a Home Could Cost You [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don’t assume waiting will save you money.

Mortgages 267
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Canadian Mortgage Quality Has “Deteriorated”: Bank of Canada

Better Dwelling

Canada used to be known for its conservative mortgage lending, but that’s no longer the case. The Bank of Canada (BoC) warned mortgage quality has “deteriorated” in 2020. The central bank found highly indebted households, those with a loan-to-income ratio higher than 450%, now represent a record share of new mortgage debt. Highly indebted households […].

Banks 145
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Getting Ready to Buy a Home? Ask Yourself These Questions First

Lighter Side of Real Estate

When you buy a home, you want to make sure you’re ready and prepared. And the best way to do that? Asking yourself the right questions. A recent video from realtor.com outlined key questions potential buyers should consider before purchasing a home, including: Will I qualify for a mortgage? The last thing you want is to find your dream home—only to find out you don’t qualify for the mortgage you need to buy that home.

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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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The homebuyer journey is changing – So should you

Housing Wire

The 2021 RealTrends Gathering of Eagles real estate conference captured our attention when the role and future of the real estate transaction process for a homebuyer were lively debated. Big players such as Zillow, Redfin, Compass… etc. claim dominance. We examine the need for complete vendor-provided software solutions vs. building in-house. We watch as consolidation transpires all-around.

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Free Money? Canadian Mortgage Interest Is Now Less Than The Rate of Inflation

Better Dwelling

Canadian mortgage rates are so low, how could you not buy a little more house? The rate of interest for a mortgage in Canada recently fell below the rate of inflation. This rarely happens, and the last time real mortgage rates were this negative was over 40 years ago. That was in the middle of […]. The post Free Money? Canadian Mortgage Interest Is Now Less Than The Rate of Inflation appeared first on Better Dwelling.

Mortgages 142
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Switching Property Management Software? Tips for a Smooth Transition

GeekEstate

One key way to future-proof your property management business is to use the right technology. Spreadsheets, paper ledgers and even existing software can quickly become outdated in such a fast-paced environment, so it is likely that – at some point – your business will benefit from a system upgrade. As the industry continues to evolve, new software features and landlord benefits are constantly emerging.

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How Delta variant may impact housing market

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.

Marketing 534
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3 Hot Topics in the Housing Market Right Now

Keeping Current Matters

If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market. Technology Acceleration and Innovation.

Marketing 254
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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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Tax Advantages of Owning a Home

Maximum Exposure Real Estate

Tax Advantages That Come From Homeownership Do you know the tax benefits of owning a home? Over my three decades of selling real estate, lots of renters have asked me this question. It has long been understood that there are considerable financial benefits to owning a home. You are paying money into an actual investment […]. The post Tax Advantages of Owning a Home appeared first on Massachusetts Real Estate Exposure.

Marketing 142
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Transcending Trends: 4 Enduring Midcentury Modern Homes

Sotheby's International Real Estate

Fine examples of one of history’s most popular architectural styles, these four homes feature clean simplicity, open floor plans, gentle organic and geometric forms, and walls of glass encouraging an integration with nature. Masterfully Renovated Midcentury Classic. Pasadena, California | Richard Yohon, Sotheby’s International Realty – Los Feliz Brokerage.

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Are we back to a normal housing market?

Housing Wire

In the last few months in my articles for HousingWire, I have written that monthly supply has been rising and that this increasing supply was the most critical metric for the housing market, specifically the new home sales market. According to the recent Census report, the three-month average is now at 5.53 months , which puts inventory right back into the range we had in the previous expansion.

Marketing 517
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What to Know About Closing on a Home

Point2Homes

Image: Friends Stock / Shutterstock.com. As you plan to purchase your first home, you might find that there are a few stressful aspects of the homebuying process that can make or break your purchase: One is when you first apply for a mortgage and another is when you close on a house. However, following some simple guidance from your real estate team — including your real estate agent and mortgage lender — will help ensure a smooth transaction.

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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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Columbia Waterfront District Condo With Three Bedrooms, Deeded Parking Asks $1.395 Million

Brownstoner

This three-bedroom condo in a former factory in the Columbia Waterfront District has an authentic loft vibe and deeded parking space. Historic features include 11-foot-high ceilings, wood ceilings and original thick wood columns. Converted to residences in the late 1990s, 29 Tiffany Place is on the site of what was,… Read More > The post Columbia Waterfront District Condo With Three Bedrooms, Deeded Parking Asks $1.395 Million appeared first on Brownstoner.

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The 10 Most Affordable Lake Towns in America, 2021

Realtor.com

During the pandemic, Americans have increasingly been looking for vacation homes to escape to. These are the most affordable lake towns in 2021. The post The 10 Most Affordable Lake Towns in America, 2021 appeared first on Real Estate News & Insights | realtor.com®.

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Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The housing market is red hot. The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price. And the National Association of Realtors reported that, for the first time in a generation, housing prices rose in each of the 181 metro areas it tracks at the end of last year.

Mortgages 504
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Central Banks Should Be Ready To Act Swiftly If Inflation Isn’t Transitory: IMF

Better Dwelling

High inflation is probably transitory, and central banks should tell people that… but totally be ready in case they aren’t. That’s the take from the IMF today, who released its latest global outlook. The agency said high inflation should ease, and central banks should communicate that message. However, it may not be transitory, and monetary […].

Banks 133
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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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The Definition of A Condo: Different Kinds of Condos Explained

Maximum Exposure Real Estate

Everything You Need to Know About a Condo Are you thinking about buying a condo unit? There are many reasons to be attracted to condo living. Condo owners are typically attracted to reduced maintenance costs, community living, or a desire to live in a walkable area. Whatever your reason for looking at condominiums for your […]. The post The Definition of A Condo: Different Kinds of Condos Explained appeared first on Massachusetts Real Estate Exposure.

Marketing 133
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Home as Oasis | 6 Nature-Inspired Trends to Incorporate Into Your Design

Sotheby's International Real Estate

Auckland, New Zealand | Pene Milne, New Zealand Sotheby’s International Realty. A home is much more than a place to rest your head at night—it’s a personal sanctuary and the starting point for everyday living. With the hustle and bustle of modern life, it’s no wonder nature-inspired décor is appearing in luxury homes across the country. This approach to interiors mimics the hues, textures, and materials of the outdoors, and helps to recreate the feeling of peace often inspired by a walk i

Design 129
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5 steps to choosing a home that will appreciate

Housing Wire

In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013. Due to low inventory, sellers are able to put their homes up at a higher rate. And with today’s low interest rates, buyers have been rushing to purchase what’s available. The problem is, rushing to buy property might force you to settle for a house that won’t reward you financially.

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Housing Nearly 17% of GDP

Eye on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.

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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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FHA Condo Approval: What to Know About Being on The Approved List

Maximum Exposure Real Estate

Why Should a Condo Get FHA Approved? Have you ever heard of the term FHA condo approval and wondered what it meant? If so, you’re not alone. What should buyers and sellers know about FHA condo approval requirements? Plenty! First and foremost, you should know that having FHA condo approval is super important. If you […]. The post FHA Condo Approval: What to Know About Being on The Approved List appeared first on Massachusetts Real Estate Exposure.

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Interview with Mark McLean From Key Living!

Toronto Realty Blog

TorontoRealtyBlog. ? ?. Thanks again to Mark McLean, the Vice President of Business Development at Key Living. If you want to get in touch: Mark McLean. Web: www.lifeatkey.com. Email: mark@lifeatkey.com. Instagram: @marcomclean. Tik Tok: @marcomclean. The post Interview with Mark McLean From Key Living! appeared first on Toronto Realty Blog.

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Fannie & Freddie forbearances drop to 1.81%

Housing Wire

Another week, another drop in forbearance volume. Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. Approximately 1.74 million homeowners are in forbearance plans, the MBA reported. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.81%, and Ginnie Mae loans decreased one basis point to 4.35%.

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Prospective Buyers Continue to Turn into Active Buyers

Eye on Housing

Of the 17% of American adults considering a future home purchase in the second quarter of 2021, 61% have moved beyond planning and are already actively trying to find one to buy. This share of active buyers has increased for six straight quarters, a trend that began after the final quarter of 2019 when it stood at 43%. In the.

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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.