Housing Wire

MARCH 11, 2021

President Joe Biden signed the American Rescue Plan Thursday, freeing up $1.9 trillion aimed at invigorating the economy following the COVID-19 pandemic. The bill will send $1,400 direct payments to individuals making up to $75,000 annually, and allocates $350 billion in aid to state and local governments and $14 billion for vaccine distribution. Over $50 billion will be distributed to small businesses — including $7 billion for the Paycheck Protection Program — and $25 billion for small and mid

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Keeping Current Matters

MARCH 8, 2021

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring. Here are five reasons why this is the perfect time to sell your house if you’re ready. 1. There’s high demand from homebuyers.

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Realty Biz

MARCH 9, 2021

The extremely low mortgage rates that are advertised on TV, radio, and the internet are typically reserved for people looking to buy a home that they plan to occupy as their main residence. A 2 nd home or a vacation home generally is not afforded the same low rates. This can create quite an issue when a person wishes to buy a home for their disabled adult child that is living with a disability.

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Better Dwelling

MARCH 11, 2021

The warning is coming from inside the house, and it’s not from one of Bay Street’s bears. BMO senior economist Robert Kavcic said Canada is “playing with fire” in a note this week. Looking at the percent of income needed to carry a mortgage on homes, he doesn’t think 2017 was a bubble. The current […]. The post Canadian Real Estate Is “Playing With Fire,” Approaching Classic Bubble: BMO appeared first on Better Dwelling.

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Housing Wire

MARCH 8, 2021

Can you smell it in the air? America is back! The last plank required to complete the foundation of my “America is Back Economic Recovery” model was for the 10-year yield to start trading in the range of 1.33% to 1.60%, and as of Feb. 16, this has happened. Higher treasury yields have pushed mortgage rates higher, but will higher rates cool the housing market?

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Keeping Current Matters

MARCH 11, 2021

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. Danielle Hale, Chief Economist , realtor.com : “Despite early weakness, we expect to see new listings grow in March and April as they traditionally do heading into spring , and

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Better Dwelling

MARCH 10, 2021

Canadian real estate buyers are driving prices using irrational exuberance. US Federal Reserve (The Fed) data shows Canada’s homebuyers were “exuberant” in Q3 2020. This is when buyers disregard fundamentals, and paid more because they felt they couldn’t lose. This isn’t new, but it’s not as old as some have assumed. Canadian homebuyers irrationally drove […].

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Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. The COVID-19-related flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on March 31, 2021. However, the government agency is now pushing that back to at least April 30, 2021.

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Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors that of the last housing boom and, as a result, we’re now headed for another crash.

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Realtor.com

MARCH 9, 2021

Studio Palomino/Houzz With COVID-19 vaccines rolling out and the promise of a not-so-distant future where life is normal again, now seems like the perfect time to bring your place out of the dark ages of decor and into the bright and beautiful light of 2021. To help with your spring makeover, we got the scoop from the folks at home improvement site Fixr.

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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.

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Better Dwelling

MARCH 9, 2021

Central banks are flooding economies with cheap credit, and trying to prevent bubbles. Well, some countries are trying to prevent bubbles. Canada has decided home price inflation is an uncontrollable consequence of the environment. In fact, the country’s central bank welcomed the rapid home price growth as “needed.” That’s not normal.

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Housing Wire

MARCH 12, 2021

Real Estate Exchange (REX) filed an antitrust lawsuit Tuesday in federal court against Zillow , accusing the company of anticompetitive behavior related to showing certain homes on its platform. Trulia and the National Association of Realtors are also named in the suit. REX, an Austin-based real estate startup, said Zillow’s new listing layout, which includes tabs entitled “agent listings” and “other listings,” positions its listings in a “recessed obscured, a

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Keeping Current Matters

MARCH 12, 2021

Some Highlights. With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process. If you’re looking for an expert guide to help you navigate today’s lightning-fast housing market, connect with your local real estate professional today.

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Realtor.com

MARCH 10, 2021

Getty Images Dear MarketWatch, I have a home that I purchased in 1983, and I have refinanced and taken out equity lines of credit (ELOCs) multiple times. I now have about 13 payments left on the primary mortgage. When I signed papers on my last ELOC, I found out there is an old title lien from a past refinance. So it is probably greater than 10 years old.

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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

Better Dwelling

MARCH 12, 2021

Montreal is the next Manhattan. Or maybe Winnipeg. Sorry, it’s definitely St. Johns. Wait… what’s happening? Real estate prices are rising pretty much across the country. Canadian real estate prices are showing the highest level of price synchronization in years. This is when markets, regardless of location, begin to show similar levels of price growth. […].

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Housing Wire

MARCH 11, 2021

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? Most answer LOs because most industry market share is still LO-driven. But let’s go deeper to see if this answer holds up for execs and LOs over full market cycles. And let’s frame it in the context of today’s top wholesaler asking LOs to limit the options they have for consumer clients.

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Keeping Current Matters

MARCH 9, 2021

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up in rate should not have surprised anyone.

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Realtor.com

MARCH 9, 2021

mediaphotos/Getty Images Working from home has multiple perks, not the least of which is the short commute to your home office in your PJs. (Yes, it’s a cliché, and yes, it happens.). But while you might be incredibly talented at designing websites, writing novels, or whatever it is you do during your 9-to-5 at home, nearly all of us have the potential to get tripped up during tax time.

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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

Better Dwelling

MARCH 11, 2021

Unless you’ve been sleeping under a rock, you’ve probably noticed something unusual this recession – high unemployment and higher home prices. Odd, right? Usually when people are at risk of losing their jobs and business, their cost of living doesn’t rise. Free markets tend to manage risk this way, choking off credit as economic risk […].

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Housing Wire

MARCH 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but an unwavering February may be the calm before the purchase storm as lenders prepare for a revitalized economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index remained unchanged at 124.6 last month, still hovering near levels previously seen in 2014.

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Eye on Housing

MARCH 9, 2021

As described in a previous post, NAHB’s recently released its 2021 Priced-Out Estimates, showing that 75.1 million households are not able to afford a median priced new home, and that an additional 153,967 would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have enough.

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Realtor.com

MARCH 12, 2021

Four Seasons Sunrooms & Windows After a long winter of quarantine—and the shift to daylight saving time mere days away—it’s safe to say we’re all done— done! —with being cooped up indoors. But as eager as you may be to enjoy those extra hours of sun on your patio, it might be just a little too cold right now. And even when it does warm up, there are other issues: Mosquitoes!

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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

MARCH 8, 2021

Greater Vancouver real estate, once a hot commodity for foreign buyers, is losing appeal. BC’s non-resident homebuyers made a sharp decline in January. That might be a one-off, but last year’s numbers still show a modest drop in foreign buyers. There is an interesting shift in buying behavior though. Greater Vancouver is seeing a smaller […].

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Housing Wire

MARCH 9, 2021

As the first quarter of 2021 nears its end, a recent Redfin report shows both good and bad news for Black homeowners. The positive: Homeowners in primarily Black neighborhoods earned an average of $59,000 in home equity in 2020, compared with $50,000 for homeowners in primarily white neighborhoods between 2019 through January 2021. That $59,000 gain represents a median home equity increase of 197%.

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Maximum Exposure Real Estate

MARCH 12, 2021

The Best Packing Tips When Moving Do you know how to pack your house for a move? Would you like some packing tips for moving? No doubt there is a lot of advice online for this subject. No one ever said moving was easy. Packing a house is one of the most challenging parts of […]. The post Packing Tips For Moving: How to Pack Your House For A Move (Video) appeared first on Massachusetts Real Estate Exposure.

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Sotheby's International Real Estate

MARCH 6, 2021

Whether classical and floral or modern and maximalist, few things transform everyday interiors like carefully chosen wallpaper. Chic California Contemporary. Los Angeles, California | Franca Porras, Sotheby’s International Realty – Los Feliz Brokerage. Full of creative flourishes, stylish finishes, and clean, crisp contemporary design, this intriguing three-bedroom residence is perched on a peaceful hillside renowned for its sweeping outlook.

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Agents

Realty Biz

MARCH 9, 2021

The recent revelation that Americans are having fewer children during the COVID-19 pandemic is likely to have some big implications for the U.S. housing market, causing new trends that are apparent even now. In a post on the National Association of Realtor’s Economists’ Outlook blog, Dr. Jessica Lautz, vice president of demographics and behavioral insights at NAR, said the “baby bust” trend is expected to continue even after the pandemic subsides.

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Housing Wire

MARCH 8, 2021

For the first time in its history, Rocket Mortgage has revealed the amount of business it does in the broker space. The disclosure comes just days after United Wholesale Mortgage issued an ultimatum to mortgage brokers, telling them that they could not partner with Rocket or Fairway Independent Mortgage Corp. and continue to do business with UWM. The rest of this content is for HW+ members.

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Realtor.com

MARCH 10, 2021

Tempaper Of all the high-traffic rooms in a house, the bathroom is one of the most popular targets for homeowners hoping to make renovations that they will enjoy and that will impress potential buyers. A recent study from HomeAdvisor showed that Americans spent an average of $13,138 on home improvements in 2020, up 45% year over year. About one-third of those renovations went into bathroom revamps, making them the second most popular upgrade.

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The American Genius for Real Estate

MARCH 10, 2021

(OPINION / EDITORIAL) Want to support small businesses but can't afford to buy their products right now? No problem, take note of these other tips to support small! The post 5 underrated ways you can support small businesses appeared first on The American Genius Real Estate.

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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