Housing Wire

SEPTEMBER 23, 2020

Vexed by work-from-home arrangements owing to the COVID-19 pandemic, homeowners are taking the long view and rethinking floor plans. The reality is, home offices are no longer a luxury. In the initial three weeks of public health lockdowns in March, according to Gallup , the percentage of employed Americans working from home doubled to 62%. Of these workers, three in five said they’d prefer to work from home when restrictions are lifted.

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Keeping Current Matters

SEPTEMBER 22, 2020

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported : “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”. Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases.

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Realtor.com

SEPTEMBER 22, 2020

Warchi/iStock There comes a time in many people’s lives—usually when the words “baby” or “school district” become a regular part of the vocabulary—when people flee the glamorous city to the charming suburbs. Add the coronavirus pandemic to the equation, and suddenly the scales tip all the more toward suburban flight happening sooner rather than later.

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Eye on Housing

SEPTEMBER 21, 2020

As the novel coronavirus took hold in the second quarter, households’ market values continued to rise, per second quarter 2020 Federal Reserve Flow of Funds report. In the second quarter, the aggregate value of all household mortgages rose by $80 billion to $10.6 trillion, while the aggregate value of the households’ market values, i.e., that of all owner-occupied real estate.

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Housing Wire

SEPTEMBER 23, 2020

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. The Detroit-headquartered UWM will merge with businessman Alec Gores’ special purpose acquisition company (SPAC) Gores Holdings IV Inc in a deal that will value the new UWM at $16.1 billion, the company said in a statement Wednesday morning.

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The American Genius for Real Estate

SEPTEMBER 22, 2020

(MARKETING) Instagram analytics are crucial to small business success, and it's worth looking outside Instagram's in-app analytics for options. The post Expand your small business influence with these Instagram analytics tools appeared first on The American Genius Real Estate.

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Marketing 132

Eye on Housing

SEPTEMBER 23, 2020

For the week ending September 18, 2020, the Mortgage Bankers Association’s latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing, as its Market Composite Index increased 6.8% from the previous week on a seasonally adjusted basis. Most notably, the Purchasing Activity reached its highest level since January 2009, when it was only 5.3% higher.

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Housing Wire

SEPTEMBER 21, 2020

The housing and mortgage markets have been the rare bright spots in an otherwise fragile economy brought forth by the ongoing COVID-19 pandemic. Mortgage origination volume this year is on track to be the highest in more than 15 years, led by a strong wave of refinances. Just how busy have lenders been? 2003 was the last time refinance activity was as high as the $1.75 trillion MBA is forecasting for 2020.

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Homes.com

SEPTEMBER 22, 2020

Being a homeowner on a budget is nothing to be ashamed of, if anything, most people prefer to keep their expenses low, especially after recently purchasing a home! But,there are some things you shouldn't cheap out on, and we've got you covered. The post 5 Things You Should Pay Premium for as a Homeowner or Renter appeared first on Homes.com.

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Realtor.com

SEPTEMBER 24, 2020

Feverpitched/Getty Images If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived. But now, we’re more than six months into the COVID-19 era with no clear end in sight. As many people continue working and logging in to school from home, the real estate market is again heating up with buyers eager to upgrade to a new home.

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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

SEPTEMBER 21, 2020

Canada’s largest real estate markets have seen another demand factor almost disappear. Government of Canada (GoC) data shows permanent residents admitted fell in July. The decline was strongest in two of the country’s largest real estate markets – Toronto and Vancouver. Meanwhile, Montreal is starting to see improvements, in contrast to last year.

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Marketing 130

Housing Wire

SEPTEMBER 23, 2020

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. The refinance index continued its upward climb, gaining 9% last week and jumping 86% higher than the same week one year ago. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% the week prior.

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Fixed-rate mortgage Mortgages Marketing Loans 534

Homes.com

SEPTEMBER 21, 2020

As inventories continue to shrink and mortgage rates continuously hit record-lows, if you're thinking of buying a home, the offer needs to stand out. If you find yourself in a bidding war, here's how you can win amongst other buyers. The post Making an Offer? Here’s How to Win in a Bidding War appeared first on Homes.com.

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Mortgages 131

RIS Media

SEPTEMBER 25, 2020

A familiar face in the Super Bowl commercial lineup, Rocket Mortgage® knows a thing or two about marketing. Here, the company’s Chief Marketing Officer Casey Hurbis discusses key marketing trends real estate professionals should follow to build their brand and stand out among the competition. He also describes his favorite marketing initiative to date.

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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.

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The Mortgage Report

SEPTEMBER 23, 2020

The 9 best mortgage lenders for Below are the nine best mortgage lenders this year. We selected these companies based on their customer service, expertise, selection of loan products, and […].

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Housing Wire

SEPTEMBER 21, 2020

U.S. homeowners with mortgages witnessed a 6.6% year-over-year increase in their equity in the second quarter of 2020 – representing a cumulative gain of $620 billion for the nation and an average $9,800 hike in equity per homeowner, according to a new report by CoreLogic. Record-low mortgage rates and constricted sale inventory cast the perfect storm for home prices which rose 4.3% annually through June ultimately bolstering the increase in home equity, CoreLogic said in its home equity report.

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Realtor.com

SEPTEMBER 25, 2020

fstop123/Getty Images With no end in sight to the coronavirus pandemic and the job losses and financial pain the crisis has wrought, millions of U.S. homeowners are behind on their mortgage payments and struggling to hang on to their abodes. First-time, minority, and lower-income homeowners are among those most at risk of losing their homes. About 17.4% of the roughly 8 million Federal Housing Administration mortgages, primarily made to these more vulnerable borrowers, were delinquent in August.

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The American Genius for Real Estate

SEPTEMBER 23, 2020

(REAL ESTATE) We've warned of this for years, the industry funded it, and Zillow Homes brokerage has launched, and there are serious questions at hand. The post STOP giving Zillow your ad money, listing data – today, they’re a competing brokerage appeared first on The American Genius Real Estate.

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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

Realty Biz

SEPTEMBER 22, 2020

Commercial real estate architecture is changing every year and each year with new materials, layouts, designs and market demands that dictate how the world of real estate develops. If you want to invest in commercial real estate or just want to be in the know when it comes to new architecture movements, here are the top trends you need to know about that will leave a huge mark on commercial real estate.

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Housing Wire

SEPTEMBER 22, 2020

Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. For home equity conversion mortgages, known as reverse mortgages, the ban starts Jan. 1.

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Realtor.com

SEPTEMBER 22, 2020

Xinhua/Wang Ying via Getty Images Sales of previously owned homes rose in August for the third consecutive month of sales increases, the National Association of Realtors said Tuesday, a sign that prospective home buyers remain motivated to buy despite the pandemic. Sales increased 2.4% from a month earlier to a seasonally adjusted annual rate of 6 million, according to NAR.

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RIS Media

SEPTEMBER 25, 2020

If there’s one thing everyone can easily agree on, it’s that 2020 has seen more than its share of challenges. But for many top brokers, it has also been a year of surprising opportunity. On Sept. 17, during RISMedia’s 31st Annual Real Estate CEO Exchange, co-presented by the National Association of REALTORS? (NAR), RISMedia gathered more than 50 leading brokers and industry executives for the first-ever virtual version of the storied event.

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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

Realty Biz

SEPTEMBER 19, 2020

The existence of a college has various advantages to the surrounding community. One of these advantages is that individuals can invest in real estate and other businesses around colleges. Investing in real estate here can be in various forms depending on the entrepreneur. . College towns are best bet for real estate investors © Andriy Petrenko – Fotolia.com.

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Housing Wire

SEPTEMBER 22, 2020

Just two months after its public debut , Rocket Companies is looking to bulk up its wholesale operation by sweetening the pot for mortgage brokers. The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO. Included in the rebranding is an entirely new, white-labeled broker-branded origination hub that will provide e-signature technology, visibility into loan status and the ability for applican

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Realtor.com

SEPTEMBER 23, 2020

Kelsey Ogletree While trying to buy a house this summer, I assumed our real estate options were limited to homes that were officially for sale. Well, guess what? We ended up buying a house that wasn’t even listed—and learned that this home-buying strategy wasn’t just possible, but often preferable if you’re purchasing property in a competitive market.

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Brownstoner

SEPTEMBER 24, 2020

All the things that make Brooklyn Brooklyn have been assets in the pandemic -- abundant parks and outdoor space, low-rise neighborhoods, houses and small buildings in lieu of apartment towers, stoops, knowing your neighbors, mom and pop businesses that cater to locals -- even streets of hopping outdoor eateries that… Read More > The post Contrary to Popular Belief, Home Buyers Are Flocking to Brooklyn appeared first on Brownstoner.

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Marketing 122

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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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REM Online

SEPTEMBER 21, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: OREA pitches land transfer tax holiday, renovation tax credit. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. A new policy report from the Ontario Real Estate Association (OREA) recommends that the government focus on implementing growth-friendly policies to stimulate recover

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Housing Wire

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency said on Monday it had settled with three former Wells Fargo executives for their roles in the bank’s fake-account scandal. The settlements include a $925,000 penalty to former Community Bank Group Finance Officer Matthew Raphaelson, a $400,000 fine to the former Head of Community Bank Deposit Products Group Kenneth Zimmerman; and a $350,000 penalty to the former Head of Community Bank Human Resources Tracy Kidd, the OCC said in a statement.

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Realtor.com

SEPTEMBER 25, 2020

LAND BY DESIGN/Houzz As the COVID-19 pandemic has slogged on, we’ve been forced to think about ways to bring our cherished regular activities into our homes. Some of us have created the ultimate craft cocktail bar (and dare we say our Manhattan is as good as any we’d order on a night out). We’ve turned our living spaces into home offices and virtual classrooms.

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Realty Biz

SEPTEMBER 23, 2020

With buyers facing increased competition for what few properties are on the market, some are choosing to waive the home inspection. But while waiving the property inspection always used to be about making an offer more enticing and stand out in a bidding war, these days that’s not always the reason why buyers are offering it. The problem now is that home inspectors are in such high demand in some parts of the country that some are already booked up for weeks ahead.

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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.

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