Sat.Oct 17, 2020 - Fri.Oct 23, 2020

The housing market faced uncertainty in March, but now ‘it’s a circus’

Housing Wire

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.

Real Estate Continues to Show Unprecedented Strength This Year

Keeping Current Matters

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more?

Equity 254

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RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing

Better Dwelling

Canada’s largest bank is prepared for the wave of mortgage defaults coming. Wait… what defaults? RBC Capital Markets sent a research note to clients last week. In it, the analysts mention up to a fifth of deferred mortgages are at risk of default.

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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 percent from a year ago. On average, homes sold in a mere 39 days—a full week faster than in September 2019. Meanwhile, inventory plummeted 31.9

In a bid for stability, FHFA and FHA extend forbearance policies

Housing Wire

Major forbearance policy changes have been set into motion. The Department of Housing and Urban Development announced on Tuesday an extension allowing single-family homeowners with Federal Housing Administration -insured mortgages to request an initial forbearance through Dec 31, 2020.

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Home Values Projected to Keep Rising

Keeping Current Matters

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

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More Trending

Extending the Season | The Tips and Tricks of Luxury Patio Design

Sotheby's International Real Estate

Helena, California | Ginger Martin , Sotheby’s International Realty – Wine Country – East Napa Street Brokerage. The word patio may bring to mind warm nights and seasonal produce on the barbecue, but there’s much to be said for outdoor spaces that can be enjoyed beyond the summer season.

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The housing bubble boys blew it in 2020

Housing Wire

The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any bubbles the 2020 bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2%

Americans Are Gaining Confidence in the Economy

Keeping Current Matters

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work.

Why listing agents should lean on home stagers

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: Why listing agents should lean on home stagers.

Agents 103

Inside a Hollywood Hills Hideaway

Sotheby's International Real Estate

As far back as the silent film era, the iconic residences of the Hollywood Hills have been home to noteworthy members of the entertainment industries.

Mortgage rates hit another record low this week

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September.

Why Today’s Options Will Save Homeowners from Foreclosure

Keeping Current Matters

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end.

Equity 189

How to make lenders compete for your mortgage and get a lower rate

The Morgtage Report

If you can make lenders compete for your mortgage, you can lower your interest rate and get the best deal on your home loan and closing costs. Here's how. Mortgage Rates Mortgage Strategy

Navigating Bidding Wars During a Hot Real Estate Market

RIS Media

As the real estate market continues its hot streak, homes are selling faster and receiving more offers than ever before. With listings receiving multiple offers, you have to make your client’s offer be the one that stands out.

Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now.

Luxury Real Estate Headlines: Third Week in October 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. East Hampton, New York | Dana Trotter , Sotheby’s International Realty – East Hampton Brokerage. The interior designer Robert Stilin is selling his home in East Hampton, N.Y.,

Wayne Gretzky is Selling his $22.9M California Home Designed by ‘The Megamansion King’

Fancy Pants Homes

Canadian ice hockey legend Wayne Gretzky is looking for a buyer for his sprawling Colonial Revival-style estate in Thousand Oaks, Calif.

Canadian Condo Buyers At The Beginning Of The Pandemic Now Nearly Underwater

Better Dwelling

First-time homebuyers were warned at the beginning of the pandemic, and a lot didn’t listen. Now some are seeing exactly what the Canada Mortgage and Housing Corporation (CMHC) warned.

Existing home sales surge 9.4% in September

Housing Wire

Sales of existing homes took off in September, jumping 9.4% from August to a seasonally adjusted annual rate of 6.54 million, the National Association of Realtors said in a report on Thursday. Compared to a year ago, sales are up 20.9%.

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Personal Real Estate Corporations (PREC) and higher standards for Ontario Realtors

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: Personal Real Estate Corporations (PREC) and higher standards for Ontario Realtors.

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Mortgage and refinance rates today, October 19, 2020

The Morgtage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher last Friday, as we predicted. And conventional loans today start at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Current […]. Mortgage Rates Now

6 ways tech lovers can spruce up their backyard

Zolo

From water features to fun lighting – there are plenty of ways to make your backyard tech-friendly. The post 6 ways tech lovers can spruce up their backyard appeared first on Zolo. Home Improvement smart home tech lovers

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MBA: Mortgage forbearance rate falls to lowest level since mid-April at 5.92%

Housing Wire

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 5.92% last week, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.32% in the prior week, MBA said in a report on Monday.

How agents kill deals over home inspections

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: How agents kill deals over home inspections.

Reaching New Heights | 5 Homes with Vaulted Ceilings

Sotheby's International Real Estate

Whether the setting is steps from a beach in the Hamptons or the countryside outside Santa Fe, a vaulted ceiling has the power to transform a room into a space filled with volume, drama, and light. Monte Nido Ranch.

Most Metros Post Double-Digit Annual Home Price Gains in Q3

RIS Media

ATTOM Data Solutions recently released its third-quarter 2020 U.S. Home Sales Report, which shows that profits for home sellers nationwide continue to hit high points despite the economic distress caused by the worldwide coronavirus pandemic.

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Fannie and Freddie CEOs talk 2021 challenges, controversial 50 bps refi fee

Housing Wire

The leaders of Fannie Mae and Freddie Mac sat down with Mortgage Bankers Association Chair-elect Kristy Fercho on Tuesday at the MBA Annual conference to discuss how the GSEs have managed the unprecedented COVID-19 crisis.

How home construction loans work

The Morgtage Report

If you want to build your own home, you'll likely need a construction loan. Learn how construction loans work and why they're different from mortgages. Buying a home Mortgage Products Mortgage Strategy

5 best social media sites for real estate agents

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: 5 best social media sites for real estate agents.