Sat.May 29, 2021 - Fri.Jun 04, 2021

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Should you buy a home in a super-hot housing market?

Housing Wire

The world has been dealing with a significant health crisis since the beginning of 2020. This has provided the American bear troll crowd numerous opportunities to pontificate about a likely long-lasting depression. If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been infecting the discourse of economics since the creation of social media and YouTube channels) then you would have believed that the second housing market bubble crash was imminent during

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What’s Motivating People To Move Right Now?

Keeping Current Matters

This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study : “For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family hea

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More Than Half of Homes Are Selling for Above Asking Price

Lighter Side of Real Estate

Low inventory and high demand are causing unprecedented competition for homes across the country. And that competition is sending prices upward—and, often, well past the asking price. According to data outlined in a recent article from REALTOR® Magazine , 51 percent of homes are selling above asking price. That’s up from 26 percent a year ago—and the highest percent of homes selling above asking price on record.

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4 Essential Steps for Winning With Buyers and Builders

RIS Media

New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. However, when buyers pivot to newly built homes, they also risk giving up their right to representation. When this occurs, both buyers and agents have missed a significant opportunity to work together for mutual benefit.

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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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Fewer people are submitting mortgage applications

Housing Wire

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Canada Now Dedicates More Investment Capital To Housing Than Business: BMO

Better Dwelling

Who needs businesses when your homes are making so much money? BMO chief economist Douglas Porter crunched residential investment data for Q1 2021. The bank found residential investment now represents a record share of Canada’s GDP. It’s now such a large share of GDP, more investment capital is going into housing than businesses. Canadian Housing […].

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How to Prepare For a Home Inspection

Maximum Exposure Real Estate

Home Inspection Preparation How to prepare for a home inspection is a thought that more sellers should consider. Unfortunately, many do not. One of the things that are quite common in most Real Estate transactions is a home inspection paid for by the buyer and performed by a licensed professional home inspector. Buyers will have […]. The post How to Prepare For a Home Inspection appeared first on Massachusetts Real Estate Exposure.

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Supreme Court decision on FHFA expected at any time

Housing Wire

A Supreme Court decision which will determine if the Biden administration can fire the Federal Housing Finance Agency (FHFA) director will arrive before the month’s end. The court recently updated its calendar indicating its session will extend through the end of June. It has not yet specified when it will issue more opinions for the cases, like Collins v.

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6 Reasons to Celebrate National Homeownership Month

Keeping Current Matters

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate.

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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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Canada Is Running Out of Land. It Does That Every Few Years

Better Dwelling

Running out of land is as Canadian as hockey, maple syrup, or laundering money for global crime networks. In fact, Canadians love running out of land so much, they do it every few years. Many are currently justifying high home prices by claiming a lack of land in Canada. This isn’t just something people have […]. The post Canada Is Running Out of Land.

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The Aging Housing Stock

Eye on Housing

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

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Biden tax credit to rehab homes is finally unveiled

Housing Wire

The Biden administration announced proposals to combat the racial wealth gap , including a tax credit to rehab homes for low and moderate-income homebuyers as part of the trillion dollar infrastructure package. The White House announced the measures ahead of a trip President Joe Biden made to Tulsa, Oklahoma to honor survivors of the Tulsa Race Massacre.

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Top Reasons To Own Your Home [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. June is National Homeownership Month , and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. Reach out to a local real estate professional today to determine if homeownership is the right next step for you.

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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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Low Interest Rates Funnel Money To The Rich, Shows Central Bank Research

Better Dwelling

Low interest rates help to bring working and middle-class prosperity. Inequality will drop if only people could borrow more years of their income today. At least that’s the narrative society was sold on for the past 100 years. It turns out there’s no evidence to show that’s true. In fact, the evidence indicates it was […]. The post Low Interest Rates Funnel Money To The Rich, Shows Central Bank Research appeared first on Better Dwelling.

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Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

Searching for a house can feel like a full-time job these days—an adrenaline-fueled, palpitation-inducing job at that. In this blink-and-you-miss-it real estate market, homes in most places are coming on and off the market at a dizzying pace, as buyers (helped by record-low interest rates) are snatching up property at an unprecedented rate. It might seem like no matter where you look, homes are selling quicker than before the COVID-19 pandemic turned the market on its head.

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Regardless of price, Austin homes still flying off the market

Housing Wire

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. In 2021 alone, 1,440 Austin homes have sold for between $100,000 and $299,999 above asking price, and 72 have already sold for $300,000 or more above asking price, per a recent study from Redfin. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price.

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Foreclosure activity to resume in July, some banks say

Realty Biz

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance but are already 90 days behind on their mortgage payments, according to data from Black Knight.

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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 Canadian Property Bubble Reached The Point Where Few People Can Actually Buy

Better Dwelling

Canada’s property bubble is reaching the point where few people in the country can buy. Home price growth is still surging across the country, but sales are falling. The odd combination made us curious how many households can still afford to buy. To the surprise of no Millennials, very few people can afford to buy […]. The post The Canadian Property Bubble Reached The Point Where Few People Can Actually Buy appeared first on Better Dwelling.

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115 Real Estate Infographics – Use To Ignite Your Content Marketing [Updated]

Jason Fox

115 Real Estate Infographics – Use To Ignite Your Content Marketing [Updated]. ".only 10% of people remember what they hear. Reading doesn't help the cause much, with only 20% of people remembering what they read. But 80% of people remember what they see and do."~ Anum Hussain - Hubspot What is harder to do: Raising one eyebrow, while licking your elbow, while twitching your.

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FHFA extends forbearance for rental properties

Housing Wire

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. The options to put off debt payments for federally-backed multifamily properties had been slated to expire at the end of June. The regulator also extended protections for tenants that property owners must adhere to in order to access forbearance.

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How To Revive the Garden You Planted During the Pandemic

Realtor.com

Getty Images During the dark days of the COVID-19 pandemic, growing plants and vegetables felt both soothing and life-affirming. It’s no wonder many people became first-time gardeners. But now that life is getting somewhat back to normal, tending those plants may have fallen by the wayside. If your garden looks like it needs some TLC this year, there’s still hope!

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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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The Canadian Property Bubble Pushed Renovation Spending To Over 3% of GDP: BMO

Better Dwelling

Canada’s housing boom isn’t just home sales — it’s consuming the whole economy. BMO senior economist Robert Kavcic crunched home renovation numbers for Q1 2021. The bank found household spending on renovations hit a new high last quarter. Spending in this segment is growing so fast, it now represents a record share of the economy. […].

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A Brooklyn Tale: Romance Author Alyssa Cole Sets a Thriller in Brooklyn

Brownstoner

Alyssa Cole's latest book, "When No One Is Watching," is a thriller about racism and gentrification set in Brooklyn. Shifting back and forth from the point of view of a lifelong Black resident of a coveted brownstone block to that of a white newcomer, the story skillfully incorporates bits and… Read More > The post A Brooklyn Tale: Romance Author Alyssa Cole Sets a Thriller in Brooklyn appeared first on Brownstoner.

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The wild housing market’s big winner? Homebuilders

Housing Wire

The Antelope Valley in northern L.A. county. It’s such a great time to build a home that companies are building in oil fields. Nary an eyelash was batted last month when two of the housing market’s biggest homebuilders – Pennsylvania-based Toll Brothers and Florida-headquartered Lennar –acquired 173 acres of land in Montebello, California from Sentinel Peak Resources , a company that owns oil development land up and down the Golden State.

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Construction Catastrophes: 5 Epic Homebuilding Fails That Buyers Should Run Away From

Realtor.com

Getty Images Nobody wants to invest in a home only to realize later that it has about a million and one things wrong with it. And while no home purchase is ever a guaranteed good buy, there are certain, shall we say, clues as to when something might just be very, very wrong. We spoke with the pros to round up five of the most common #buildingfails that you should watch out for when buying your next home.

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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.