Sat.May 15, 2021 - Fri.May 21, 2021

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Existing home sales data: A bad sign for housing market?

Housing Wire

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me.

Sales 541
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Americans See Real Estate as a Better Investment Than Stocks or Gold

Keeping Current Matters

Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment among several options — seeing it as superior to stocks, gold, savings accounts an

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First-Time Homebuyer Loans & Programs

Point2Homes

Image: William Potter / Shutterstock.com. Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on your new home. And, while you might be tempted to rush through the process as quickly as possible, cutting corners could be financially detrimental in the long run.

Loans 144
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Whoopsie! Bank of Canada Says Their Use of QE May Have Caused Greater Inequality

Better Dwelling

We’re all in this together. Okay, we weren’t in it together — but we’re really sorry about one of the greatest transfers of wealth in history. That was the takeaway from a Bank of Canada (BoC) speech earlier this week, by Governor Tiff Macklem. In a totally not ironic speech on inequality, he suggested quantitative […]. The post Whoopsie! Bank of Canada Says Their Use of QE May Have Caused Greater Inequality appeared first on Better Dwelling.

Banks 144
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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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Is housing market demand starting to weaken?

Housing Wire

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019.

Marketing 540

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Love HGTV Dream Homes? Check Out These 8 Common Features!

Homes.com

We highlight eight of the most common features of HGTV Dream Homes, PLUS our top tips for incorporating them into your own home! The post Love HGTV Dream Homes? Check Out These 8 Common Features! appeared first on Homes.com.

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Canadian Property Bubbles Are Now So Big, LA and NYC Are Now More Affordable

Better Dwelling

Canadian property bubbles have seen affordability creep past the world’s most influential cities. Oxford Economics released new North America Housing Affordability Indices (HAIs) for Q1 2021. The index measures housing affordability for the median household in various cities. They found Canada’s hottest real estate markets are now less affordable than globally influential US cities.

Marketing 138
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What if mortgage rates don’t rise this year?

Housing Wire

With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for a brief time, with a recent high of about 1.75%.

Mortgages 515
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Sellers Are Ready To Enter the Housing Market

Keeping Current Matters

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

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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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Multifamily Sentiment Improves in the First Quarter of 2021

Eye on Housing

Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two major indices: the Multifamily Production Index (MPI) and the Multifamily Occupancy Index (MOI). The MPI increased eight points to 51 in the.

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Canadian Housing Starts Drop 20%, Which Normally Means A Correction: BMO

Better Dwelling

Canadian new housing starts made a sharp decline, which normally is a red flag for the economy. BMO senior economist Sal Guatieri said April’s numbers may not be the traditional leading indicator though. He argues there are a few factors that make this time different. I feel like I’ve heard this about another country before. […]. The post Canadian Housing Starts Drop 20%, Which Normally Means A Correction: BMO appeared first on Better Dwelling.

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National mortgage delinquency rate finally dips below 5%

Housing Wire

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report. Overall, the number of past-due mortgages fell to 4.66% in April while an additional 400,000 homeowners managed to become current on their payments.

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Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Contact a local professional if you’re ready to make real estate your best investment this year.

Marketing 230
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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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Existing Home Sales Fall for the Third Straight Month

Eye on Housing

After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in April surged to an all-time high and was the largest annual pace on record. Total existing.

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Bank of Canada Indicators Now Show Some Real Estate Markets Are A Bubble

Better Dwelling

Canadian real estate prices have been on a tear, with a typical home now making more than the people inside of it. Still, a new model from the Bank of Canada (BoC) thinks that’s not bubbly, and is within their policy. The central bank’s Q1 2021 numbers show only three real estate markets are exuberant. […]. The post Bank of Canada Indicators Now Show Some Real Estate Markets Are A Bubble appeared first on Better Dwelling.

Banks 134
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Home prices rapidly climbing toward $375,000

Housing Wire

National median home prices reached $370,528 for the month of April, a 22% increase year over year and a new record, according to a recent study from Redfin. The number of homes for sale also sank to a record-low average of only 19 days on the market. And 49% of homes sold for above asking price — a record high. The numbers are a bit exaggerated, per Redfin Chief Economist Daryl Fairweather, due to the COVID-19 pandemic slowing homebuying and selling in April 2020 and skewing the numbers.

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How to Generate Real Estate Leads Using Linkedin

Realty Biz

Linkedin is an excellent platform for lead generation right now. Linkedin has around 650 million members worldwide and is predominantly made up of the white-collar workforce, with a higher income bracket than all other social media platforms. . Linkedin has the greatest organic reach of any social media platform in 2021. This reach means that any updates, videos, or images you post to Linkedin will have the potential to reach a vast number of users without spending any money on ads.

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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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How to Avoid a Disaster When Buying Sight Unseen

Homes.com

A Homes.com survey of over 1,500 homebuyers found that 42% are willing to buy sight unseen, or at least consider it. But, can it be done safely? The post How to Avoid a Disaster When Buying Sight Unseen appeared first on Homes.com.

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Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt

Better Dwelling

It shouldn’t be too surprising that a record number of real estate sales is accompanied by a ton of new borrowing. Funds advanced, which is new mortgage credit issued or extended, climbed at a rapid rate in March. Borrowers took out a record amount of mortgage debt, with the majority of it uninsured. Canadians Borrowed […]. The post Canadian Uninsured Mortgage Debt Is Growing 4x Faster Than Insured Debt appeared first on Better Dwelling.

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The curious case of the enduring sub-3% mortgage rate

Housing Wire

Historically low mortgage rates had their moment in the sun in 2020. They rested far below 3% for months before America’s economic rebound pushed them back up in the winter of 2021. But data released on Thursday from Freddie Mac showed that mortgage rates idled below 3% again for an entire month, even with solid first-quarter GDP figures and encouraging consumer spending numbers.

Mortgages 466
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Luxury Real Estate Headlines: Third Week in May 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Granite Bay, California | Tricia Rossi & Nick Sadek, Nick Sadek Sotheby’s International Realty . Swan Lakes Castle Club, a snow-white medieval-style castle 24 miles northeast of downtown Sacramento, comes with 14 trained white peacocks, eight swimming swans, a flock of mandarin ducks, a rooster, chickens, three man-made lakes and Bellagio-style fountains whose waters gush to 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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Mortgage Rates Taper Over the Prior Month, Boosting Refinancing

Eye on Housing

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields. For the week ending May 14, the average 30-year fixed rate mortgage was 3.15%. The MBA’s Market Composite Index, reflective of activity in refinancing and purchase mortgages, changed course compared to.

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Canadian Home Buyers Are Ready For Bidding Wars, and To Pay Way Over Ask: TD

Better Dwelling

Canadian real estate has been showing surging price growth, and it appears to be a direct reflection of buyer sentiment. A recent real estate survey was conducted by Ipsos, and commissioned by TD Bank. The survey found a large number of Canadians are willing to pay over ask, and engage in bidding wars. A separate […]. The post Canadian Home Buyers Are Ready For Bidding Wars, and To Pay Way Over Ask: TD appeared first on Better Dwelling.

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Ex-MBA president McCord pleads guilty to mortgage fraud

Housing Wire

The founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also the president of the Mortgage Bankers Association in the late 1990s, pleaded guilty to five counts of bank fraud, money laundering and false statements to a financial institution. In Oklahoma’s Western District, a federal grand jury accused Ronald McCord of defrauding mortgage lenders Spirit Bank and Citizens State Bank , Fannie Mae and others over the course of three years.

Mortgages 458
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Seamless Style: 5 Homes Designed for Indoor-Outdoor Living

Sotheby's International Real Estate

With warm sunshine and fresh air just steps from an array of covered comforts and conveniences, these five homes—from the Hamptons to Malibu—boast indoor-outdoor spaces just right for the long, languid days and nights of summer. Malibu Magic. Malibu, California | Marcus Beck, Sotheby’s International Realty – Malibu Brokerage. A consummate Malibu home, this four-bedroom oasis on sandy Las Flores Beach honors its setting with driftwood-beam ceilings, shell-clad walls, a fireplace with a shel

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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.