Sat.Jul 17, 2021 - Fri.Jul 23, 2021

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Ransomware imperils title, mortgage industry

Housing Wire

Ransomware attackers hit major title industry cloud services provider Cloudstar , stopping an untold number of loans from closing on Monday. The ramifications for the title and mortgage industry may extend beyond the immediately impacted loan applications. Late Monday afternoon, Cloudstar’s services were still offline. In a statement, Cloudstar said it had already brought on third-party experts to assist in recovery efforts, and had already alerted law enforcement.

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What You Should Do Before Interest Rates Rise

Keeping Current Matters

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

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Desire for Homeownership Continues to Increase

Eye on Housing

Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021. The share (now seasonally-adjusted) has increased for five consecutive quarters, after hitting a series low of 10% in the first quarter of 2020. The upward trend is clear evidence of Americans’ growing desire.

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Does it Make Sense to Refinance My Mortgage?

Realty Biz

If you are asking yourself, “should I refinance?” there are many things to consider. Homes are normally the largest expense people ever commit to and one that can have far-reaching consequences on their financial future. Looking at refinance mortgage options should provide you a way to deal with unexpected expenses, better plan your retirement, or pay for improvements to your home.

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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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How Biden’s Neighborhood Homes proposal impacts real estate investors

Housing Wire

Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My passion is really going back into the neighborhoods I grew up in and helping to enhance those areas through my rehabs,” said McCormick, who lives in Atlanta but is buying investment properties in her hometown of Dayton, Ohio.

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Cybercrime Hits Title Industry: Cloudstar Victim of Ransomware Attack

RIS Media

Cloudstar, a company that operates five data centers and provides support to title professionals throughout the U.S., is the latest victim of a “highly sophisticated ransomware attack.” The company released a statement on Sun., July 18 announcing the cyber attack. The details: – Cloudstar’s systems are currently down, except for its Office 365 mail services, email encryption offering and some support services. – The company has hired third-party forensics experts Te

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Over Half of Canadian Home Buyers Are Borrowing The Maximum They Can: CMHC

Better Dwelling

Canadian real estate prices have been generous to sellers over the past year, but not so much for buyers. The Canada Mortgage and Housing Corporation (CMHC) released the results of its annual Mortgage Consumer Survey for 2021. One of the more interesting stories told in the data is how buyers are navigating this market. It […]. The post Over Half of Canadian Home Buyers Are Borrowing The Maximum They Can: CMHC appeared first on Better Dwelling.

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Mortgage applications fall amid market jitters

Housing Wire

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on global economic growth, according to the latest survey from the Mortgage Bankers Association.

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Towels, Toilets, and More: Here’s How Often Things in Your Bathroom Should Be Replaced

Realtor.com

Getty Images When our bathrooms are out of order, it’s as if our lives are out of order. Whether you have one bathroom or five, uninterrupted function and cleanliness are crucial. That’s why it’s important to know exactly when the elements in your bathroom can conk out and need to be replaced. “Homeowners should be thinking about replacing and performing the proper upkeep with things in the bathroom because it’s the second most used room in the house, next to the kitchen,

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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 Elegant Residence on Fifth Avenue

Sotheby's International Real Estate

Among all the storied streets and boulevards in the world, few are as renowned and respected as Fifth Avenue in Manhattan, fabled and sought after for its Museum Mile, its proximity to Central Park, its spectacular architecture, and the luxurious apartments and penthouses soaring above its bustle. New York, New York | Craig George & Kevin B. Brown, Sotheby’s International Realty – East Side Manhattan Brokerage.

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Global Property Bubble To Correct, Canada Is The Second Riskiest: Oxford Economics

Better Dwelling

The whole world might be in a property bubble, but Canada is the second riskiest. That’s the take from Oxford Economics in their latest housing report this morning. Adam Slater, the firm’s lead economist, broke down fundamentals for global markets. He found double-digit overvaluations are widely seen these days. The firm believes a correction is […].

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Borrowers get more options as foreclosure deadline nears

Housing Wire

With the foreclosure moratorium for federally backed mortgages set to expire next week, the Biden administration is giving borrowers additional options to reduce their mortgage payments. The Department of Housing and Urban Development (HUD), Department of Agriculture (USDA), and Department of Veterans Affairs (VA) will give homeowners options to reduce their monthly principal and interest by lengthening the term of the mortgage, bringing the agencies “closer in alignment with options for homeown

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7 Living Room Improvements That’ll Help Sell Your Home for More Money

Realtor.com

Getty Images The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV). If you’re preparing to list your house, you need to go the extra mile to help prospective new owners see your living room’s full potential. Today’s buyers expect spaces that are equal parts inviting and updated.

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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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5 Stylish Swimming Pools That Make a Splash

Sotheby's International Real Estate

Few things are more enticing than a refreshing swim or float during the long, hot days of summer. These dazzling pools—in locations from Connecticut to California—encourage outdoor enjoyment and relaxation in sophisticated settings. Wine Country Retreat in Sonoma, California. Sheri Morgensen, Sotheby’s International Realty – San Francisco Brokerage.

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Most Canadian Real Estate Markets Are Seeing Buyers Disappear Faster Than Sellers

Better Dwelling

Canadian housing is cooling very fast, something few would believe a few months ago. Canadian Real Estate Association (CREA) data shows the national sales to new listings ratio (SNLR) fell in June. The measure, a proxy for demand, shows buyers are dropping out of the market faster than sellers. Most markets are now displaying this […]. The post Most Canadian Real Estate Markets Are Seeing Buyers Disappear Faster Than Sellers appeared first on Better Dwelling.

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3 solutions to a gridlocked housing market

Housing Wire

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. 3-month bank statement.

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Thinking of Buying a Lakeside Home? 9 Things You’d Better Consider First

Realtor.com

Getty Images If you’re reading this, you’ve probably already been scrolling through Realtor.com listings in search of your idyllic lakeside cottage. And who could blame you? In these dog days of summer, we could all use a little waterfront respite from life’s stresses. . Take it from me—lakeside living truly is a dream come true. My grandpa built a cabin in Michigan where I spent many weekends and summers, and it’s still used by our family today.

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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 to Buy a House With Bad Credit: Mortgages With Low Credit Score

Maximum Exposure Real Estate

Getting a Mortgage to Buy a House With Bad Credit Can I buy a house with bad credit? Are bad credit home loans available? If you are asking these questions, you’re not alone. Many people who are interested in purchasing a house want to know the minimum credit score requirement. Getting a home loan with […]. The post How to Buy a House With Bad Credit: Mortgages With Low Credit Score appeared first on Massachusetts Real Estate Exposure.

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Canadian Mortgage Debt Grew At The Fastest Rate Since 2010 Even With Falling Sales

Better Dwelling

Canadian mortgage credit must be seen as too cheap to pass on, since everyone is borrowing. Bank of Canada (BoC) data shows the outstanding mortgage credit for May grew at the fastest rate in over a decade. The balance is also likely to climb at an even faster rate as well, despite the backdrop of […]. The post Canadian Mortgage Debt Grew At The Fastest Rate Since 2010 Even With Falling Sales appeared first on Better Dwelling.

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The DOJ vs. NAR: What’s the impact to real estate agents?

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire Senior Real Estate Reporter Matthew Blake answered questions about his latest coverage on the impact of the DOJ’s decision and how the industry is gearing up to respond. During the Q&A, Blake discussed the ramifications of previous DOJ investigations into NAR and conversations he has had with top-level agents on how they’re feeling about this news.

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Luxury Real Estate Headlines: Third Week in July 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Big Pine Key, Florida | Ally Kelley, Ocean Sotheby’s International Realty . An oceanfront house listed for $5.49 million on West Cahill Court on Florida’s Big Pine Key offers a private place to witness aquatic life up close. $5.5M Florida Keys Home Features an Aquarium Big Enough for Snorkeling – Realtor.com. 7 Stylish Homes With Sophisticated Drinking Lounges on Property – Archite

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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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Is it Real? The Story Behind Tony Stark’s Insane Malibu Mansion in the Iron Man Movies

Fancy Pants Homes

In a time long before Thanos wiped out half of the world’s population, one of the most memorable movie scenes in the Marvel Cinematic Universe saw Iron Man’s house crumble down to the bottom of the ocean. And while Tony Stark was (rightfully so) busy saving Pepper from the wreckage, we just sat there, looking at his futuristic mansion being wiped out from the face of the Earth.

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Nearly 3 In 4 Canadian Real Estate Markets Have Seen Price Growth Slow

Better Dwelling

Canadian real estate markets are losing some steam after its record year. Canadian Real Estate Association (CREA) data shows just over half of markets saw price growth slow in June. Looking more closely at recent numbers reveals this trend is about to become more common. All but a few markets are currently on track for […]. The post Nearly 3 In 4 Canadian Real Estate Markets Have Seen Price Growth Slow appeared first on Better Dwelling.

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Borrowers exiting forbearance may choose to sell their homes – What role do servicers play?

Housing Wire

As some borrowers exit forbearance and consider selling their homes, they could use some guidance to ensure they’re making the right decision. Using Xome’s Xpert Seller Program, servicers can help borrowers determine the best marketing strategy list and sell their homes. HousingWire recently spoke with Joe Cutrona, SVP, Auction Exchange & Asset Management at Xome, about Xpert Seller and how it benefits both servicers and borrowers.

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5 Ways to Welcome in Maximalism Through Color

Sotheby's International Real Estate

Minimalism has its appeal, but it’s hard to argue that maximalism doesn’t deserve its share of the design spotlight. In contrast to the pared-down aesthetics of minimalism and its Scandinavian neutrals, maximalism makes the claim that more is better. Instead of white walls and sparse decorative elements, think saturated colors, layered textures, and eclectic pieces that contribute to a bold and undeniably unique space.

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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.