Sat.Aug 29, 2020 - Fri.Sep 04, 2020

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Why is the housing market thriving in a pandemic?

Housing Wire

The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. “The buyers are coming in because of the low interest rates – that’s the No. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire.

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Homebuyer Demand Is Far Above Last Year’s Pace

Keeping Current Matters

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the coming weeks might just be the timing you’ve been waiting for.

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Examining Rental Housing in the US

Eye on Housing

Using the 2018 Rental Housing Finance Survey (RHFS) published by the US Census Bureau, this post examines the characteristics of rental housing in the United States. The RHFS provides measures of financial, mortgage, and property characteristics of rental properties in the US on a current and continuous basis.[1] General Characteristics The 2018 RHFS survey shows that there are 19,955,000 rental.

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DIY Home Repairs Everyone Should Know How To Do in the Age of COVID-19

Realtor.com

SolStock/Getty Images You’re no Bob Vila , but part of being a homeowner or renter is knowing how to tackle common home repair projects on your own. We’re talking about tasks that fall somewhere between changing a lightbulb and hardwiring a light fixture. These projects aren’t exactly no-brainers, but they also won’t put you at risk of electrocution.

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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 eviction moratoriums end, what will happen in Pennsylvania, Nevada, Florida and California?

Housing Wire

According to Census data, approximately 21% of renter households are behind on rent payment, and it’s estimated that up to 40 million renters could face eviction over the next few months after federal eviction moratoriums expired in late July. Now, states and localities are deciding if and when to end or extend eviction moratoriums. Today, eviction moratoriums are expiring in Atlanta and Pennsylvania.

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Canada’s Big Six Banks Report Over 500,000 Mortgages On Payment Deferral

Better Dwelling

Canadian banks are starting to see mortgage payment deferrals expire, and households resume payments. Canada’s Big Six banks reported Q3 earnings last week, which ended on July 31, 2020. Mortgages on payment deferrals have dropped by nearly a fifth in the latest quarter. While that doesn’t tell us how many people actually needed the deferral, […].

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Bored at Home? Then You Really Need This Upgrade for Fall

Realtor.com

Liam Norris / Getty Images With the coronavirus still going strong, this fall season is likely to unfold quite differently from the past. With many offices still closed—and schools open intermittently or not at all—you may be wondering: What will you and your family do with all your time stuck at home? The solution may be a simple and fun home upgrade you can all enjoy: a crafting area.

Design 135
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Black Knight acquires DocVerify to boost RON capabilities

Housing Wire

Black Knight has acquired DocVerify to boost its e-notarization capabilities. Black Knight announced the purchase of the privately held company on Thursday, without disclosing the terms of the transaction. “The acquisition helps accelerate Black Knight’s goal of digitizing the entirety of the real estate and mortgage continuum as DocVerify’s trusted and proven digital document verification capabilities are already seamlessly integrated with Expedite Close, Black Knight’s digital closing platform

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It’s Not Just About the Price of the Home

Keeping Current Matters

When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.

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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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Pending Home Sales Up 5.9% in July

Eye on Housing

As record-low mortgage rates continue to fuel housing demand, pending home sales increased for a third straight month in July. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 5.9% from 115.3 in June to 122.1 in July. On a year-over-year basis, sales were.

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Staten Island Home From 1970 Is a Pink Explosion

Realtor.com

realtor.com A spacious Staten Island, NY, house is a pink time capsule ready for a new owner to crack open its blush-colored charms. “Everything is in very good condition,” says listing agent Richard Nichilo. “It may not be updated, but it’s in very good condition.”. Built in 1970, the home on Fingerboard Road is on the market for $829,000.

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Mortgage applications fall for the third week in a row

Housing Wire

Mortgage applications fell 2% last week, according to a report from the Mortgage Bankers Association, marking the third week of declines. The refinance index also fell 3% last week, however remained 40% higher than the same week one year ago. Despite 30-year fixed and 15-year fixed mortgage rates declining to near historical lows, both conventional and government refinancing activity fell last week, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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The 2020 Homebuyer Wish List [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible. From more outdoor space to virtual classrooms for their children, buyers have a growing list of what they’d like to see in their homes. Reach out to a local real estate professional today if your needs have changed and your wish list is expanding too.

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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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Home Price Appreciation Continues in June

Eye on Housing

National home prices increased modestly in June. While Las Vegas, San Francisco, New York, Chicago, Seattle, Boston and Cleveland experienced price declines, Charlotte posted the strongest annual growth rate among the 19 metro areas in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of.

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Acronyms of Real Estate: What Homebuyers Need to Know

Homes.com

The acronyms of real estate can be overwhelming. Here’s a list of the ones you're likely to run into when buying or selling a house. The post Acronyms of Real Estate: What Homebuyers Need to Know appeared first on Homes.com.

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Borrowers want consistency through the lending process – Here’s how to give them that

Housing Wire

This year’s low rates have led to high loan volumes, and lenders overwhelmed with applications are looking for the best way to handle the increased workload. Scaling up staffing can help, but it can be difficult to find enough people to take care of the manual processes to keep up with the demand. And hiring in a wave of high volumes can mean layoffs when the market is less robust.

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#273: The Emotional Complexity of Money, with Dr. Dan Ariely

Afford Anything

Has the pandemic caused you to feel less-than at any point? Do you find your painstakingly-formed money habits harder to stick with? Are you worried about losing your job or figuring out how to make ends meet? Many of us have faced one or all of these pressures since March. And we’re wearing thin, if we haven’t already crumbled. Today’s guest, Dr. Dan Ariely, best-selling author and famed behavioral economist, has a simple message for us: “My responsibility ends at me doing the best job I can.”.

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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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6 Emails to Send to Clients to Drive Repeat & Referral Business

The Close

It is widely known that email is an effective form of marketing. However, you may not be seeing the results from your email campaign that you feel you should. The problem is likely that your customers are receiving the “marketing” but not the “message.”. After coaching agents for the past 11 years, I’ve noticed two common beliefs that agents have that cause ineffective marketing: The first is they want to provide value to their entire database, and second is they don’t want to come across too “s

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10 Tiny Organization Tasks You Can Finish in 10 Minutes (or Less)

Realtor.com

Christoph Lambio / EyeEm / Getty Images When was the last time you smiled with pride upon opening a cleaned-up junk drawer or closet? If you can’t recall ever having this feeling, it’s time to hit these hot spots. In fact, it’s smart to tackle organization projects now , since you’re likely to be spending tons of time at home anyway, because COVID-19 is lingering on.

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RE/MAX Holdings, Motto Mortgage acquire fintech startup wemlo

Housing Wire

RE/MAX Holdings and its mortgage franchise Motto Mortgage announced Tuesday the acquisition of wemlo , a mortgage processing startup, for an undisclosed amount. Dustin Morton, vice president of product and strategy at Motto Mortgage, recognized wemlo’s potential right away. “Our network has grown so fast, and we’re always kind of hungry for more solutions when it comes to processing,” Morton told HousingWire.

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Mortgage rates today, August 31, 2020, plus lock recommendations

The Mortgage Report

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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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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1.4 Million Jobs Added in August

Eye on Housing

In August, total payroll employment rose by 1.4 million and the unemployment rate fell to 8.4%. The U.S. labor market continues to recover from the COVID-19 crisis. Residential construction employment rose by 27,700 in August to 2.9 million. Total construction industry (both residential and nonresidential) employment rebounded to 7.2 million in August.

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Run the Air Conditioner or Open the Windows? How To Know What Will Save You Money

Realtor.com

ronstik/Getty Images When the mercury is rising, it should be an easy decision: Do you run the air conditioning or open the windows? In reality, the choice isn’t always so obvious. You may think open windows are the more economical choice, but constantly starting and stopping your central AC or window unit can be inefficient and costly. And if you have environmental allergies, do you really need to run the AC even on mild days?

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CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. Those investigations have resulted in actions against six companies this summer. The most recent cases were those against Service 1st Mortgage, Inc. , and Hypotec Inc., which found the companies had sent consumers numerous mailers for VA-g

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Future of San Diego Real Estate 2

BubbleInfo

The turnover and upgrading of neighborhoods is commonly called gentrification, and what it means around here is that the affluent buyers (many, if not most, from outside the county) take over the real estate market, one house at a time. Their money does the talking – they pay more for houses because they can. Those […]. The post Future of San Diego Real Estate 2 appeared first on bubbleinfo.com.

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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.