Sat.Oct 03, 2020 - Fri.Oct 09, 2020

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Don’t call it a comeback

Housing Wire

Don’t call it a comeback, Good demographics and low mortgage rates have been here for years, Rockin’ the bubble boys Puttin’ the bears in fear. That’s a reference to the song “Mama Said Knock You Out” from L.L Cool J. I have used this in other articles and interviews, which runs in line with my big macro take that what drives the housing market are mortgage rates and demographics.

Staging 544
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Why Pricing Your House Right Is Essential

Keeping Current Matters

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year.

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Late Musician Dave Brubeck’s Jazzy Japanese-Inspired Home Available for $2.75M

Realtor.com

Douglas Elliman, CBS Photo Archive/Getty An impeccably composed home built for the late jazz musician Dave Brubeck has come on the market. The estate in Wilton, CT, is listed for $2.75 million. The home was built for the Brubeck family in the early 1960s by the architect Beverley David Thorne , and was designed to blend harmoniously with the surrounding land.

Land 145
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Cash Deposits When Buying a Home: What to Know

Point2Homes

Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from. For instance, using undocumented cash funds could create unexpected issues in a real estate transaction.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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As home prices increase, sellers have the upper hand

Housing Wire

For the second consecutive month, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ desire to sell or buy a home, gained 3.5 points in September to 81. Compared to this time last year, the HPSI is down 10.5 points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011.

Mortgages 535

More Trending

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16 Questions To Ask a Home Inspector Before, During, and After a Home Inspection

Realtor.com

fstop123/iStock If you’re buying a house, you know that your home inspector will check it out and make sure it’s in decent shape. But if you want to get to know your home beyond its pretty facade, you should pepper your inspector with questions—a whole lot of them, in fact! But when you ask those home inspector questions is as important as what you ask.

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Toronto Tops Construction Crane Index, With Almost A Third of All Projects

Better Dwelling

Toronto is one of the few real estate markets to buck the trend of fewer high rise cranes. Rider Levett Bucknall Crane Index (RLB), a global real estate advisory firm, released its Q3 Crane Index. The index shows North America saw the first decline of construction cranes in years. Toronto was a notable exception. The […]. The post Toronto Tops Construction Crane Index, With Almost A Third of All Projects appeared first on Better Dwelling.

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Forbearance rate drops to 6.81%, MBA says

Housing Wire

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis poin

Loans 525
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Thinking of Moving? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re ready to sell your house but you’re worried about finding one to move into, why not invest in a brand-new home built just for you? New construction is on the rise, so it’s a great time to think about a custom home to fit your family’s changing needs. Reach out to a local real estate professional to understand how to sell your house while buyer demand is high and find a new home to call your own while you’re at it.

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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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10 Ways To Make Your Outdoor Space Usable Year-Round

Realtor.com

Jennifer Blount / Getty Images As the coronavirus hangs on into the fall season, having outdoor space is proving more valuable than ever. But now that cooler weather is on the way, stretching out the life of your porch, backyard, or balcony is the next smart step. Especially in colder northern climates, where summers are shorter, extending the use of outdoor areas is an increasingly essential step, says Ana Cummings of the eponymous design firm.

Design 137
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Negative Interest Rates Aren’t Good For Real Estate. They’re Actually Really Bad

Better Dwelling

Canadians are increasingly discussing negative interest rates. Since negative interest rate policy is unconventional, there aren’t many examples. Further, there isn’t much discussion from experts that understand the concept. Despite what I’ve heard some real estate agents tell people, it won’t lead to the market boom they assume.

Agents 138
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In today’s hot housing market, how are real estate agents staying competitive?

Housing Wire

Are you running your real estate practice like a business? Or is being a real estate agent just a side hustle for you – something you do in your spare time? According to the U.S. Small Business Administration , only half of small businesses survive five years or longer. So, if you’re planning to be a real estate agent long-term, it’s probably a good idea to run your business like, well, a business, especially in today’s highly competitive housing market.

Agents 525
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Unconditional offers to buy are binding, appeal court rules

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Unconditional offers to buy are binding, appeal court rules. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspec

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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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How the Pandemic Is Helping Some Millennials Realize Their Home-Buying Dreams

Realtor.com

Westend61/Getty Images This year’s coronavirus pandemic and the accompanying recession have turned a lot of people’s financial plans upside down. But those millennials who’ve been lucky enough to hang onto their jobs are fast-tracking their plans to buy a home, in part because the pandemic is helping them do so. The nation’s largest generation has been helped by record-low mortgage interest rates, according to a recent realtor.com® survey.

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Toronto’s 905 Housing Market, Still Red-Hot

Point2Homes

Image: karamysh / Shutterstock.com. While the strong Toronto real estate market continues to make headlines, the 905 area surrounding the city is hotter than ever. It is even outperforming the 416. The latest figures from the Toronto Regional Real Estate Board (TRREB) show that the 905 surpassed the 416 region in sales, new listings and affordability this September.

Marketing 126
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400,000 mortgage borrowers are “needlessly delinquent”

Housing Wire

There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government who could have gotten help by getting a forbearance agreement, a right given to them by the CARES Act passed by Congress at the end of March, according to the report by Laurie Goodman and Michael Neal.

Mortgages 510
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How low can we go? 30-year mortgage rate charts tell the story

The Mortgage Report

30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.

Mortgages 145
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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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8 Pest Control Mistakes You’re Making That Are Sure To Invite the Critters In

Realtor.com

TheCrimsonMonkey/Getty Images You probably don’t think—or don’t want to think —much about the creepy crawlers and rodents that could be hiding in your home. But that doesn’t mean they aren’t there. (Cue the spooky music!). The truth is, many of us unknowingly live alongside bugs, mice, and plenty of other uninvited guests lurking in our homes.

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Update your website’s real estate community pages for a boost in traffic

Easy Agent Pro

“Location, location, location” applies to more than just where a home is situated on the planet. If you think about it, the age-old mantra describes and rules your business. You sling real estate in a specific location. When a consumer needs an agent, they search for one in their location. As well, when they want to look at homes online, they further define their location by neighborhood or community.

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Is the housing market on a sugar high?

Housing Wire

V#&WUA. – no, I’m not beeping something out. These days, it seems those symbols are all the economic recovery scenarios that are possible as the U.S. looks to recover from the pandemic that has gripped our nation in 2020. For the housing market, that recovery could look different from the larger economy. In the Spring of of 2020, as stay-at-home orders spread across the U.S. and many businesses began to close, the housing market proved to be incredibly resilient, thriving amid record l

Marketing 483
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Protect Your Real Estate Business During the COVID-19 Outbreak

Real Trends

Due to COVID-19, the global population faced a devastating effect, both socially and economically. Big and small business industries have shut down operations and sent their employees back home due to the social distancing issue and the lockdown.

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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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DIY for Newbies: 7 Bedroom Projects Anyone Can Master Like a Pro

Realtor.com

KatarzynaBialasiewicz/Getty Images When it comes to home improvement, the bedroom is easy to ignore. We often spend more time in the kitchen (or even the bathroom ) than the bedroom, and guests are more likely to hang out in the living room than the sleeping quarters—which makes it tempting to treat the bedroom like a storage space instead of a refuge for relaxation.

Design 125
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Jumbo Fort Greene Brownstone With 12 Mantels, Grand Details in Need of Work Asks $6.5 Million

Brownstoner

This Fort Greene Neo-Grec has the impressive proportions and intricately detailed woodwork that might capture an old house enthusiast willing to take on a property in estate condition. The 33-foot-wide house also has a location across from Fort Greene Park, at 198 Washington Park, in the historic district. The brownstone… Read More > The post Jumbo Fort Greene Brownstone With 12 Mantels, Grand Details in Need of Work Asks $6.5 Million appeared first on Brownstoner.

Marketing 124
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What renovations should you make before selling your home?

Housing Wire

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. And while that certainly bodes well for homeowners (hello, more profits!) that doesn’t mean every property will sell in record time or for top dollar. Are you considering putting your home on the market?

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15 Of The Best Halloween Real Estate Memes

Lighter Side of Real Estate

Open up your trick or treat bag so we can toss in some of the best Halloween real estate memes around… If memes were candy, these wouldn’t be the snack-size version, or the candy corn. Nope. These are equivalent to the full size, brand name bars of goodness you wouldn’t trade with a friend, or share with your parents. Except these are memes, so you will wanna share ‘em!

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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.