Sat.Jul 10, 2021 - Fri.Jul 16, 2021

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Cash buyers are scooping up homes like mad

Housing Wire

Cash buyers are pouring into the housing market this year, and they’re picking off more than half of available inventory in certain areas in Florida and New York. As of July 14, nearly one-third of U.S. home purchases this year were paid with just cash — 30%, specifically — according to a recent Redfin study. That represents the largest share since 2014, when 30.6% of homes were purchased with all cash.

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4 Major Incentives To Sell This Summer

Keeping Current Matters

While the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are four things to consider if you’re trying to decide if now’s the right time to make a move. 1. Your House Will Likely Sell Quickly. According to the most recent Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly.

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Having a Dual Agent: Why Buyers & Sellers Should Avoid it

Maximum Exposure Real Estate

What is Dual Agency and How Does it Work? Are you wondering what dual agency is and how it works? One of my duties as a real estate agent is to explain how agency law works in Massachusetts. I am required by law to present agency law at my first meeting with a prospective […]. The post Having a Dual Agent: Why Buyers & Sellers Should Avoid it appeared first on Massachusetts Real Estate Exposure.

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New Zealand’s Central Bank Calls Home Price Growth “Unsustainable,” Halts QE

Better Dwelling

New Zealand may be the first advanced economy to hike interest rates. The Reserve Bank of New Zealand (RBNZ) abruptly announced a halt to the Large Scale Asset Purchase (LSAP) program. Along with the announcement was the release of the Monetary Policy Committee notes. The Committee said the risk of deflation has now passed, and […]. The post New Zealand’s Central Bank Calls Home Price Growth “Unsustainable,” Halts QE appeared first on Better Dwelling.

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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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Home sales are beginning to stall as buyers hit their limit

Housing Wire

Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and, down from 39 days in June 2020.

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Real Estate Capital Gains Taxes When Selling a Home Including Rates

Maximum Exposure Real Estate

Home Selling and Real Estate Capital Gains Taxes Do you know how real estate capital gains taxes work when selling a house? Selling your home can net you a significant return. But what does the tax man have to say about it? With property values across the country skyrocketing, now more than ever, it is […]. The post Real Estate Capital Gains Taxes When Selling a Home Including Rates appeared first on Massachusetts Real Estate Exposure.

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Canadian Property Bubble Braces For Brain Drain As Half of ON Youth Consider Moving

Better Dwelling

The Canadian property bubble is at the point where it’s about to produce brain drain. At least in Ontario. Abacus Data conducted a survey on housing perceptions recently. The survey, commissioned by OREA, produced dozens of insights showing a public frustrated by a property bubble. Buried amongst those insights though was a big standout — […].

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For housing, look at bonds over MBS or federal debt

Housing Wire

This is the first time I am writing about mortgage backed securities (MBS) because I hardly ever consider this aspect of the housing ecosystem in my work. But since now even Federal Reserve members are discussing the pros and cons of MBS, this is a good time to give you my take. The 10-year yield has been in a downtrend since 1981, and so have mortgage rates, so the MBS market hasn’t eve been a focus of mine.

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Why This Isn’t Your Typical Summer Housing Market

Keeping Current Matters

In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Here’s how this summer is stacking up against the norm and what it means for you.

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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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Inside an Inspiring Palazzo in Houston

Sotheby's International Real Estate

During the Italian renaissance, palazzi—palaces—were built for royalty by such architectural luminaries as Michelozzi and Palladio. With its iconic symmetrical design, neat rows of windows, and sturdy prominent cornices, this 9,638-square-foot three-story residence would look perfectly at home among the palazzi in Rome, Florence, and Venice. Instead, it enjoys a prime position on a coveted block in the exclusive leafy environs of Houston’s Tanglewood and is the work of award-winning area archite

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Lumber Is Still Crashing, and Has Now Wiped Out Almost All of 2021 Gains

Better Dwelling

Lumber prices are still crashing, marking the ninth consecutive week of declines. The cost of the commodity has seen more than a quarter of its value fall in the past month. Since the peak price reached just over two months ago, prices are now down by more than half. As much as they’ve fallen, experts […]. The post Lumber Is Still Crashing, and Has Now Wiped Out Almost All of 2021 Gains appeared first on Better Dwelling.

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Mortgage applications jump 16%

Housing Wire

After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, according to the latest report from the Mortgage Bankers Association. The prior week ‘s report showed a 1.8% drop in applications to the lowest level since January 2020. The sudden increase in applications was driven “heavily” by increased refinancing as mortgage rates dipped again, said Joel Kan, MBA associate vice president of economic and industry forecasting. “

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What Is Xeriscaping? The Smart Landscaping Solution That’ll Save Money (and the Environment)

Realtor.com

California Eco Design, Inc./Houzz With intense heat waves and over 75% of the American West experiencing severe drought this summer, you might be wondering how you can do your part to conserve water—to help the environment and to reduce your utility bills. But how are you supposed to cut back on your water usage and keep up that lush landscaping that makes the neighbors jealous?

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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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Affordable Housing Lottery Opens for 127 Units in Greenpoint, Starting at $2,370 a Month

Brownstoner

An affordable housing lottery has opened for 127 units in a 39-story building at 41 Blue Slip in Greenpoint. The building, called Two Blue Slip, is part of the larger Greenpoint Landing development. It stands next to One Blue Slip, a 30-story residential tower that’s part of the same development, and… Read More > The post Affordable Housing Lottery Opens for 127 Units in Greenpoint, Starting at $2,370 a Month appeared first on Brownstoner.

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Canada’s Property Bubble Just Hit The Wall For Price Growth As Key Indicator Flips

Better Dwelling

Canadian real estate may have just peaked, according to official data this morning. Earlier this month we took a look at Toronto and Vancouver, and why the top for growth is here. Data from the Canadian Real Estate Association (CREA) confirms the same National trend. Home prices hit a new all-time high in June, and […]. The post Canada’s Property Bubble Just Hit The Wall For Price Growth As Key Indicator Flips appeared first on Better Dwelling.

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Redfin: Bidding wars drop slightly in June

Housing Wire

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% in May and a peak of 74.1% in April. That’s still higher than the 56.8% bidding-war rate Redfin saw in June 2020, when the housing market was starting to rebound from a temporary standstill triggered by pandemic shutdowns,

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How To Navigate The UK Property Investment Market In Q3

Realty Biz

As with the rest of the countries in the world, the United Kingdom’s property market is one of the main drivers of the economy. This, despite the slight dip in the country’s gross domestic product (GDP), contracting at 1.6% in the first quarter (Q1) of 2021, per Office for National Statistics. . . Overall, the UK property market is projected to be stable in 2021, especially with the continuing COVID-19 vaccinations towards the third (Q3) and fourth (Q4) quarters of 2021.

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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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Renovation Tips From Ty Pennington, Alison Victoria, and More on ‘Battle on the Beach’

Realtor.com

HGTV Craving a little sun and sand along with some smart home design advice? Then the new HGTV show “Battle on the Beach” is the perfect summer binge. In this series, the network’s stars Ty Pennington , Alison Victoria , and Taniya Nayak mentor teams of design newbies as they compete to fix up three houses on Alabama’s Gulf Coast. And in the series premiere, “Battling the Kitchens,” the three teams renovate their kitchens in hopes they’ll impress celebrity judges Mina Starsiak

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Taking It Outdoors | 5 Standout Patios to Welcome In Summer

Sotheby's International Real Estate

Is there any greater pleasure than having a perfect outdoor space at home? A patio for enjoying fresh air and unencumbered views is a true essential for luxury living—and the best outdoor spaces are complemented by convenient amenities. Whether lounging in the shade or entertaining over dinner, you’ll find plenty of summer design inspiration in these five remarkable patios.

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Mortgage credit drops to lowest level since September

Housing Wire

Mortgage credit availability dipped 8.5% in June to 118.8 — indicating that lending standards are tightening, per the Mortgage Bankers Association’s Mortgage Credit Availability Index. It’s the lowest MCAI level — which uses 100 as a benchmark — since September of 2020, and ends more than six months of increasing credit supply, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. “Mortgage credit has not recovered since the sharp dow

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Bank of Canada To Further Taper Toxic Program That Helped Push Home Prices Higher

Better Dwelling

Canada’s central bank is closer to ending the program that added rocket fuel to home prices. The Bank of Canada (BoC) announced it will taper its quantitative ease (QE) program. QE has been a major contributor to the flood of cheap cash that’s helped push home prices higher. As the program gets close to an […]. The post Bank of Canada To Further Taper Toxic Program That Helped Push Home Prices Higher appeared first on Better Dwelling.

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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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5 Contingencies You Should Never Remove When Buying a House

Realtor.com

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. And a scarcer selection means people are paying more, too, with listings up 12.7% in price. All of this demand means buyers are going to ever-greater lengths to make their offer stand out.

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Game, Set, Match: 5 Homes with Tennis Courts

Sotheby's International Real Estate

Keeping an eye on the ball could be difficult thanks to the settings of these inviting tennis courts, all located on the grounds of impressive estates in exclusive locations from the Hamptons to Beverly Hills. Gated Beverly Hills Haven. Victoria Risko, Sotheby’s International Realty – Beverly Hills Brokerage. The centerpiece of this regal gated Beverly Hills estate—which consists of two legal parcels—is a distinctive modern residence with a media room and bar, a temperature-controlled wine

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Shareholder suit accuses Rocket of deceptive disclosures

Housing Wire

A shareholder sued Rocket Mortgage , the Detroit-based mortgage behemoth, for allegedly making misleading disclosures to conceal adverse market conditions. The class action-seeking lawsuit, which was filed in the Eastern District Of Michigan’s Southern Division, alleges that Rocket was aware of factors that were already taking a toll on its business, while touting its future performance to investors.

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Applying For a Mortgage? Avoid These Common Mistakes

Lighter Side of Real Estate

There are a number of common mistakes potential home buyers make when applying for a mortgage—and those mistakes can end up costing you time, money, and frustration during the home buying process. But what, exactly, are those mistakes? A video from realtor.com outlined some of the major mistakes potential home buyers make when applying for a home loan, including: Making a big purchase.

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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.