Housing Wire

AUGUST 7, 2020

After two consecutive months of advances , Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year, the HPSI is down 19.5 points but still sits above April’s near-record low. According to the report, 53% of Americans now believe it is a good time to buy a home – an 8% decrease from June’s 61%.

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Marketing Mortgages Design Closing 545

Keeping Current Matters

AUGUST 5, 2020

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.

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Lighter Side of Real Estate

AUGUST 5, 2020

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is a rite of passage into adulthood, and into our own piece of the American Dream. But until and unless you’ve been through the process at least once, there are plenty of mistakes many people make on their journey to property ownership.

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Realtor.com

AUGUST 6, 2020

Westend61/Getty Images The already scalding-hot housing market is likely to heat up even more. Mortgage interest rates continued their downward descent, hitting yet another record—largely thanks to the pandemic, and the resulting economic downturn, dragging on. Rates fell to just 2.88% for 30-year, fixed-rate loans in the week ending Aug. 6, according to Freddie Mac.

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Housing Wire

AUGUST 7, 2020

New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March , the State of New York Unified Court System put in place the first eviction moratorium, effective through June. In May , this was extended but expired on August 5.

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Keeping Current Matters

AUGUST 7, 2020

Some Highlights. A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates , and staying home has enabled some to save more money to put toward a down payment. Reach out to a local real estate professional today if your needs have recently changed and you’re ready to make a move this year.

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Mortgages 260

REM Online

AUGUST 4, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Ontario’s Bill 184 poses risks to honest landlords, sellers and purchasers. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction.

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Agents 130

Housing Wire

AUGUST 6, 2020

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 billion. “We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,

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Residential Equity Mortgages Industrial 530

Keeping Current Matters

AUGUST 4, 2020

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home.

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Mortgages Marketing As-is 251

Realty Biz

AUGUST 4, 2020

What Are The Cons of Flat Fee MLS? When things in life seem too good to be true, they usually are precisely that. In real estate, the perfect example is flat fee MLS. Selling your home is a costly experience, so any way of saving money should be jumped at, right? A flat fee MLS entry service is a potential way to avoid paying all of the typical real estate agent’s commission, but is it really worth it?

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Advertiser: Trellis

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.

Loans

Realtor.com

AUGUST 7, 2020

realtor.com Johnny Nicolaci knows everything about this house. He can tell you about every brick, board, and tile. His father built the “executive” ranch in 1953. Nicolaci did leave his parents’ custom-built nest for a while. But after the death of his mother in 1988, he moved back, to take over the care of the beloved family home, and he’s lived here ever since.

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Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. The article drew mixed reactions, with some calling the announcement a “nice PR move” that doesn’t factor in the broker’s compensation and other issues. Others just wanted more details. For the sake of transparency, we wanted to report that UWM is not the only lender offering rates below 2%.

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Mortgages Loan Officer Lending Loans 523

Keeping Current Matters

AUGUST 3, 2020

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential real estate market continues to show great resilience.

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Marketing Residential Staging Sales 235

Better Dwelling

AUGUST 2, 2020

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Bank Of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate Canada’s central bank has pumped billions into the mortgage market, in attempt to prop it up. As of July 22, the Bank of Canada held $7.95 billion in […]. The post This Week’s Top Stories: Bank of Canada Using Billions To Prop Up Mortgages, Toronto and Vancouver New Condo Sales Plummet appeared first on Better Dwelling.

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Banks Sales Mortgages Marketing 128

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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.

Sales

Brownstoner

AUGUST 5, 2020

Editor’s note: Welcome to the 79th installment of Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. One thing is for certain in an unrenovated historic Brooklyn home, it's leaky. And we're not talking about the… Read More > The post Brownstone Boys: How Green Can You Go?

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Renovation 127

Housing Wire

AUGUST 6, 2020

Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It fell from 2.99% last week , Freddie Mac said in a report on Thursday. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

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Mortgages Loans Finance Marketing 509

Afford Anything

AUGUST 7, 2020

Are you scared to take the first step toward the habits that you want to build? Do you believe in your ability to change? Or are you completely lost as to where to start? Charles Duhigg, the Pulitzer Prize-winning journalist and author of the best-selling books The Power of Habit and Smarter Faster Better joins us on today’s show to tackle these questions.

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Sotheby's International Real Estate

AUGUST 4, 2020

For the home of a beloved thespian to provide space for performing and dancing seems only fitting, and this airy contemporary loft—Academy Award winner Susan Sarandon’s six-bedroom oasis—does just that. Occupying two floors of an exclusive co-op in Chelsea, the residence is anchored by a vast open living area with a mirrored wall and steps that can serve as impromptu seating—all perfectly suited for productions by performers of any age or stripe.

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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.

Agents

The Mortgage Report

AUGUST 4, 2020

Buying a house moves fast, so preparation is key. Here are 8 steps to prepare to buy a house, no matter how close you are to making an offer.

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Closing Mortgages 142

Housing Wire

AUGUST 5, 2020

The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target. That could be the death knell for rock-bottom mortgage rates. Fed Chairman Jerome Powell said at a news conference last week that the central bank was close to wrapping up a review of its policy-making strategy that began in 2019.

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Mortgages Bankruptcy Investor Banks 505

Eye on Housing

AUGUST 6, 2020

Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 59.6 percent of new and existing homes sold between the beginning of April and end of June were affordable.

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Realtor.com

AUGUST 7, 2020

Iuliia Mikhalitskaia/Getty Images Take a look at your sink, washing machine, and teakettle. Do you see stubborn soap scum and mineral deposits that can only be removed with extra scrubbing? Hard water is the culprit. To achieve crystal-clear water glasses and streakless pots and pans, many people install a water softener. “Water softeners are a great investment if your water supply is high in mineral content, a condition known as hard water,” says Paul Abrams , a spokesperson for Roto-Rooter Ser

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As-is 125

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.

Agents

Better Dwelling

AUGUST 5, 2020

Canadian real estate markets are seeing mortgage delinquencies fall… just not in Toronto or Vancouver. Equifax data crunched by the CMHC shows the national rate of delinquencies fell in Q1 2020. Breaking down the numbers, this trend is stronger in some real estate markets than others. Montreal for instance, is seeing their delinquency rates drop […].

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Mortgages Marketing 122

Housing Wire

AUGUST 7, 2020

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so-called REAC inspections, which stands for Real Estate Assessment Center, are aimed at ensuring HUD properties like rental housing for low-income families, the elderly, and persons with disabilities “meet federal standards of health, safety, and accessibility,” HUD said.

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Sotheby's International Real Estate

AUGUST 1, 2020

With their open floor plans and walls of glass that link interior spaces with the outdoors, these homes are fine examples of a popular, enduring architectural style characterized by clean simplicity, gentle organic and geometric forms, and an integration with nature. Sleek Southern California Sophistication. Los Angeles, California | John Galich , Sotheby’s International Realty – Beverly Hills Brokerage.

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Brokerage Design As-is 122

Realtor.com

AUGUST 5, 2020

Sportstock/Getty Images With most of us cooped up in our apartments or houses, it may be tempting to pull the trigger and finally purchase the vacation home you’ve always dreamed about. After all, mortgage rates are hitting record lows , and a change of scenery sounds awfully sweet right about now. If you can swing it, why not? Reality check: We’re also living through a time of economic uncertainty.

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Due diligence Mortgages Loans Renovation 125

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Agents

Homes.com

AUGUST 3, 2020

With a rapidly changing market and low inventory, homes are selling faster than ever. If you're looking to buy, you have to come prepared with an offer that will stand out. . The post How to Make an Offer Stand Out in a Seller’s Market appeared first on Homes.com.

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Marketing 121

Housing Wire

AUGUST 6, 2020

After announcing in its second-quarter earnings that it plans to expand, eXp World Holdings is officially launching in five new countries. By the end of 2020, the company said it plans to expand its real estate operations in France, India, Mexico, Portugal and South Africa. Already, eXp has agents in the U.S., Canada, the United Kingdom and Australia.

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Technology Agents As-is Marketing 487

The Mortgage Report

AUGUST 7, 2020

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Mortgages Marketing 116

Realtor.com

AUGUST 6, 2020

PeopleImages/Getty Images Never before in the history of the home office has this space been so much in the spotlight. It’s no longer just a random area where you file your bills, dump off your mail, and display all the books you swear you’ll read one day. The home office has become, for many in this era of pandemic shutdowns, the main office.

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Design Commercial Staging As-is 122

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.

Sales