Sat.Jul 03, 2021 - Fri.Jul 09, 2021

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Fannie Mae: Sellers still thriving as home prices stay high

Housing Wire

Sellers, rejoice. Roughly 77% of respondents to Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, said now is a good time to sell. That’s up from 67% the prior month. To boot, a reported 64% of survey respondents said it’s a bad time to buy a home, up from 56% last month.

Mortgages 508
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The Truths Young Homebuyers Need To Hear

Keeping Current Matters

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more”. “1 in 4 underestimated the increase in value by $100k or more”. “47% don’t know what a good interest rate is”.

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The Canadian Property Bubble Can Start Deflating As Early As This Month

Better Dwelling

The Canadian real estate market will change really fast over the next few months. Home prices in the key markets of Toronto and Vancouver saw price growth climb in June. Looking at the most recent data annualized though, a slowdown is just around the corner. Without a sudden boom in prices, the annual trend is […]. The post The Canadian Property Bubble Can Start Deflating As Early As This Month appeared first on Better Dwelling.

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Best Tips For Lowering Your Property Tax Bill

Maximum Exposure Real Estate

Get Your Property Taxes Reduced Do you feel like you are paying too much taxes on your home? Are you getting the feeling your tax assessment is higher than it should be? Appealing property taxes is something a lot of homeowners are forced to do. If you are looking for how to appeal high property […]. The post Best Tips For Lowering Your Property Tax Bill appeared first on Massachusetts Real Estate Exposure.

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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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Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year. Of course, last year’s comps should be discounted due to COVID-19. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% from one year ago.

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How Low Interest Rates Sent Institutions Like Blackrock Into Bidding Wars For Homes

Better Dwelling

About 6 years ago, deep-pocketed investors and institutions gathered at the Megatrends conference. Blackrock CEO Laurance Fink told them something that seemed unconventional in 2015. The two greatest stores of wealth internationally today is [one] contemporary art…,” said the $6 trillion asset manager. “And two… apartments in Manhattan, apartments in Vancouver, [and apartments] in London.” […].

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Why Builder Lumber Prices Remain Higher than Headlines Suggest

Eye on Housing

Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1] In contrast, prices paid by builders since late May have declined by a fraction of that impact. The disconnect—which has always existed—is inherent to the lumber supply chain and choices that must.

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Digital closings have spiked 228% since 2019

Housing Wire

The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Per a survey of 300 title professionals conducted by the American Land Title Association , only 14% of professionals offered digital closings prior to the health crisis. Now, in 2021, 46% offer digital closings, according to Diane Tomb, ALTA chief executive officer.

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Selling Your House? Make Sure You Price It Right.

Keeping Current Matters

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 days (compared to 26 days one year ago). The average home sold has five offers to pick from. 54% of offers are over the asking price.

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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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The 5 Hottest Decor Trends of Summer 2021, Revealed

Realtor.com

Colin Price Photography/Houzz Summer is in full swing, and we’ll admit—we’re soaking up every last drop of seasonal bliss by lounging in the sun on some epically fun pool floats , a jumbo tube of SPF 50, and a cooler of Truly hard seltzers within reaching distance. But what if your summer speed is less lazy and more motivated ? If the warm temperatures and long days have inspired you to get busy around the house instead of lazing by the pool, then we’re all for that, too.

Design 136
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Inside an Authentic California Hacienda

Sotheby's International Real Estate

If any architectural style can be said to epitomize California’s aesthetic, Spanish Colonial Revival would be in the running. Combining Baroque, Moorish, Mexican, and Craftsman influences, the style rose to popularity in Southern California after its introduction to the United States in the early 20th century, and while it remains more prevalent in the state’s southern region, it feels perfectly fitting in the rolling vineyard-strewn countryside of Napa.

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Mortgage rates fall back down to 2.9%

Housing Wire

The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac ‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S. Treasury yields earlier this week. “While mortgage rates tend to follow Treasury yields closely, other factors can be impactful such as the labor markets, which are continuing to improve per last week’s jobs report,” sai

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Your Home Equity Can Take You Places [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. The amount of wealth Americans have stored in their homes has increased astronomically. On average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000. When it’s time to sell , your home equity can help accomplish your goals. Reach out to a local real estate professional to discuss how you can take advantage of today’s sellers’ market to get the most out of your home sale.

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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 Problem? Canadian Boomers Love This Real Estate Market: Royal LePage

Better Dwelling

Soaring home prices may be a pain for some generations, but not for Boomers. Royal LePage released the results of its 2021 Boomer Survey. The survey found the majority are homeowners, with many having most of their net worth in real estate. Soaring home prices aren’t a pain point, but a windfall. It’s no wonder […]. The post What Problem?

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Flame On: 5 Homes with Outdoor Fire Pits and Fireplaces

Sotheby's International Real Estate

Whether set in the remote woods of Connecticut or overlooking the Pacific Coast, a stylish fire pit can turn any backyard or terrace into a warm, welcoming alfresco oasis. Classic Coastal Style. Pacific Palisades, California | Barbara Boyle, Sotheby’s International Realty – Pacific Palisades Brokerage. High above sandy beaches and crashing waves, this 9,380-square-foot estate exudes classic coastal style and boasts formal living and dining rooms, a gourmet kitchen flowing to a family

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Mortgage applications fall for third straight week

Housing Wire

Mortgage applications decreased again , this time falling 1.8% in the week ending July 2, 2021, according to the latest report from the Mortgage Bankers Association. This marks the third straight week of application declines, and represents the lowest level since the January 2020. “Treasury yields have been volatile despite mostly positive economic news, including last week’s June jobs report, which showed ongoing improvements in the labor market,” said Joel Kan, MBA associate vice preside

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Armed with savings from the pandemic, young adults eye homeownership

Realty Biz

Zillow believes that most millennials and Gen Zers are enthusiastic about the idea of owning a home and that a good number of them will look to buy one in the near future. A recent survey on the housing preferences and influences on the younger generations found that three in five are planning to use money they have saved during the COVID-19 pandemic to put towards a down payment on a home.

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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 Much Moving a House Costs and What to Know

Maximum Exposure Real Estate

The Costs Involved With Moving a House Are you wondering how much it costs to move a house? Moving from home to home is complicated enough, but it’s a whole different ball game if you actually want to move a house. While you have packing to organize when moving from your old home to your […]. The post How Much Moving a House Costs and What to Know appeared first on Massachusetts Real Estate Exposure.

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Why More Homebuyers Now Are Turning to This Much Riskier Type of Mortgage

Realtor.com

Getty Images Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of loans that defined that era is staging a comeback. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices.

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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? Be prepared to spend money. Listing prices? Never heard of them! A buyer in Austin, Texas paid $1 million over a home’s listing price.

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Shortages Cause Builders to Raise Prices, Pre-Order Materials

Eye on Housing

Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year. Results from a follow-on NAHB survey show that builders have reacted to the shortages in a variety of ways, most commonly by raising the prices of their homes and.

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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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Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears

Better Dwelling

Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears Greater Vancouver real estate prices have been on a tear, but that may be coming to an end. Real Estate Board of Greater Vancouver (REBGV) data shows prices generally climbed in June. Broken down by region though, the trend isn’t quite as positive. In […]. The post Vancouver Home Prices See 5-Figure Monthly Drop, As Resistance Suddenly Appears appeared first on Better Dwelling.

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Happy Birthday Kayla!

BubbleInfo

Today is Kayla’s 30th birthday! The stories started early last night, and the favorite was her memory of us going to Disneyland when she was a kid, and waiting in line for autographs from a boy band who was playing that week. Before we got to the front of the line, they shut down the […].

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Home prices accelerating in areas without mass transit

Housing Wire

As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide, has increased 32.8% to a record $418,100 since January 2020, while it has risen 15.6% to a record $540,500 in transit-accessible neighborhoods.

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The Eerie Rise of Black Houses in the Burbs and Beyond: Do You Dare Try It?

Realtor.com

Getty Images Blame it on the COVID-19 pandemic. Just as victory gardens and sourdough boules have proliferated in the past year, homes painted inky black have also sprouted up across the landscape. And while black houses have been a hot trend in edgy urban areas for years, it’s now also happening in the hinterlands as these city slickers flee to the suburbs. “Black exteriors feel edgy or like Brooklyn— and they’re the homeowner’s imprimatur on their newfound suburban dwel

Design 119
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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.