2020

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What to expect from the 2021 housing market

Housing Wire

Although I had pockets of joy in 2020, these moments were subsumed in a haze of stress, uncertainty and fear for our country. And, at times, I have found it difficult to keep these emotions from clouding my economic thinking. But despite all the sorrow and frustrations of this year, I have found solace in the immortal world of math, facts and data. From this stronghold I have been able to see past the chaos and view the economy and the future of the housing market through the lens of my core eco

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10 First-Time Home Buyer Blunders To Avoid

Lighter Side of Real Estate

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is a rite of passage into adulthood, and into our own piece of the American Dream. But until and unless you’ve been through the process at least once, there are plenty of mistakes many people make on their journey to property ownership.

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The Best 37 Real Estate Memes of 2020

Lighter Side of Real Estate

There’s a lot of 2020 we all want to put behind us and forget. Being a real estate agent isn’t easy in a normal year, but being one during a pandemic? Well, that takes someone who can change and go with the flow in the blink of an eye. But one thing that didn’t change is the need to laugh. If anything, laughter is even more important in a year like 2020!

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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you. Given the current fundamentals, real estate sales should remain strong in most U.S. houisng markets for the foreseeable future.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.

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How record-low mortgage rates changed everything in 2020

Housing Wire

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion.

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2021 housing market outlook: No signs of slowing

Housing Wire

2020 has been a remarkably strong year for the housing market. Sales volume has remained elevated compared to last year since about mid-June, home values are growing more quickly than they have in 15 years and homes are typically selling a full three weeks faster than a year ago. Incredibly, next year’s housing market outlook is poised to be much stronger.

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More Trending

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Getting Ready For a Buyer’s Home Inspection is Smart

Realty Biz

How to Prepare For a Home Inspection. Even when you have a buyer and are happy with the offer they’ve made, your home isn’t sold yet. Before you can prepare for your move, you need to get ready for the home inspections. Preparing for a home inspection will make sure your home sale proceeds as smoothly as possible. Lots of home sellers ask real estate agents how they can prepare for the home inspection.

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Living with Florida Manatees: Fun Facts About Our Beloved “Ocean Potatoes”

Waterfront Properties

Also known as an “ocean potato” or “sea cow”, the beloved Florida manatee is a gentle giant you’ll see calmly cruising throughout Jupiter Intracoastal waters. Manatees have a very friendly disposition, and while it may be tempting to feed or give them fresh water from your dock, it is illegal as they are a protected species. Manatees are protected by the Marine Mammal Protection Act of 1972, the Endangered Species Act of 1973, and the Florida Manatee Sanctuary Act of 1978.

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Year-over-Year Gains for Home Purchases Continue

Eye on Housing

The Mortgage Bankers Association’s (MBA) latest Weekly Application Survey shows that, for the week ending December 11, 2020, mortgage application activity decreased by 1.1% from the prior week on a seasonally adjusted basis, as indicated by its Market Composite Index. One of its two constituent indexes, the Purchasing Index, increased by 1.8% from the previous week while the other, the.

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What is a Contingent House Listing?

Point2Homes

Image: Doubletree Studio / Shutterstock.com. When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met.

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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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Mortgage Preapproval vs Prequalification: What’s The Difference

Maximum Exposure Real Estate

How Pre-approval Differs From Pre-qualification Do you know how mortgage preapproval differs from a prequalification? There has been some confusion among those looking to buy a home and qualify for a mortgage loan regarding the difference between a mortgage pre-approval vs. a pre-qualification letter. Indeed, they sound pretty similar, so hearing these terms before or […].

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What you need to know about no-code vs low-code (and what it means)

The American Genius for Real Estate

(REAL ESTATE MARKETING) The no-code movement is putting more power in the hands of folks with zero programming skills. So what makes it different from low-coding, and what choice is right for your business goals? The post What you need to know about no-code vs low-code (and what it means) appeared first on The American Genius Real Estate.

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2021 Home Decor Trends That’ll Rid Your Home of That 2020 Vibe

Lighter Side of Real Estate

With the arrival of each new year, it’s fun to freshen up your home and make it look and feel contemporary. Especially as we usher out 2020—a year we’ve spent far too much time looking at the same interiors—you’re probably eager to create a different vibe with the help of some new decor. What’s going to be in style for 2021? Designers agree it’s all about comfort and color!

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Finding the Perfect Home When Everyone’s Buying in the Suburbs

HomeLight

Social distancing and work-from-home opportunities caused many urbanites to rethink their housing situation when the coronavirus pandemic hit in 2020. A late 2020 Harris poll showed that as many as 39% of city dwellers at least considered moving to a less-populated area due to the COVID-19 pandemic. Add in historically low interest rates and a generally cheaper price-per-square-foot, and suburban homeownership has never looked more attractive.

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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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Canadian Realtor Commissions Are Growing Over 11x Faster Than The Economy

Better Dwelling

Canadian real estate agents must be looking forward to a very jolly Christmas. Statistics Canada (Stat Can) data shows ownership transfer costs, which are primarily sales commissions, reached a record high in Q3 2020. The rate of growth for the segment is now growing 11x faster than GDP. About The Data Today we’re looking at […]. The post Canadian Realtor Commissions Are Growing Over 11x Faster Than The Economy appeared first on Better Dwelling.

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The 2021 housing market will be stronger than 2020

Housing Wire

Jeff Tucker Zillow Senior Economist. This is the fourth installment of our economist Q&A series, as we work to answer the top 2021 housing market questions. Every Tuesday in December, HousingWire interviewed a top economist in the HW+ Slack channel. The 2021 housing market forecasts have focused on everything from home prices to mortgage rates. In this installment, HousingWire interviewed Jeff Tucker, senior economist at Zillow , on his forecast for next year.

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8 Red Flags Home Buyers Will Undoubtedly Notice—and How To Address Them Correctly

Realtor.com

AndreyPopov/Getty Images When my husband and I were house hunting, properties that had plastic taped over the windows or draft catchers below the exterior doors gave us pause: Did that mean the house wasn’t energy-efficient or warm enough in colder months? Newly retouched areas on the ceiling made us wonder if the sellers were covering up water damage from a leaky roof that had been patched but not replaced.

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How Much Does a P.O. Box Cost

Realty Biz

What to Know About P.O. Boxes. Are you considering getting a P.O. box? Do you know what a P.O. box costs? There are many reasons why you might need a P.O. box. Maybe you want to keep your home address separate from a business address, or you want to make sure you don’t lose mail during a house move. When people want to know how to change a mailing address , they sometimes opt for getting a P.O. box simultaneously.

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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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A disturbing trend: Buyers fail to deliver deposit cheques

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: A disturbing trend: Buyers fail to deliver deposit cheques. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There is an alarming trend that is quite rampant in the Toronto area.

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Home Price Appreciation Accelerates in August

Eye on Housing

In August, home price appreciation accelerated in major markets across the nation. 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 12.1% in August, faster than an 8.9% increase in July. It marks the highest annual growth rate since April 2013.

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Jazz Great Cecil Taylor’s Fort Greene Row House on the Market for $2.499 Million

Brownstoner

While this 1850s Fort Greene row house has a charming period facade it's the 20th century history behind the house that should spark some interest. For decades 135 Fort Greene Place was the home of renowned avant-garde jazz pianist Cecil Taylor. The acclaimed artist was already in residence when he purchased… Read More > The post Jazz Great Cecil Taylor’s Fort Greene Row House on the Market for $2.499 Million appeared first on Brownstoner.

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Home Appraisal: What to Know About House Appraisals

Maximum Exposure Real Estate

Understanding Home Appraisals Are you interested in understanding what to expect from your home appraisal? Real estate appraisals are an integral part of purchasing and selling a property, particularly if the buyer is seeking funding from a lender. The appraised value of a home can make or break a sale, so it only makes sense […]. The post Home Appraisal: What to Know About House Appraisals appeared first on Massachusetts Real Estate Exposure.

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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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Renting a Room in Your House: What to Know

RIS Media

If you have a spare room in your home, renting it out can be a way to earn extra to pay the mortgage. There can be problems with this sort of arrangement, however, that could make you wish you hadn’t invited a renter into your home, so it’s important to be educated about the process as much as possible. Renting out part of your home does put you in the position of a landlord with the associated responsibilities.

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23 Of The Strangest Things Homebuyers Have Asked Sellers to Leave With the Property

Lighter Side of Real Estate

It’s not unusual for homebuyers to admire a seller’s belongings. Chances are they may share similar taste—they bought the same house, after all! But some go as far as to ask that certain items remain with the home as part of the deal. It’s easy to imagine clients wanting to include mirrors, window treatments, and maybe even chandeliers—but some take it a step farther and make really bold requests.

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The Most Popular House Styles in the US

Homes.com

Homes.com conducted a survey of 5,000+ U.S. adults on their favorite house styles, architectural features, and more. Read on to discover what we found. The post The Most Popular House Styles in the US appeared first on Homes.com.

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Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge

Better Dwelling

On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March. Yesterday, as market data showed a fever pitch had been reached during the “worst” recession in […]. The post Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge appeared first on Better Dwelling.

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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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Mortgage rates hit another record low at 2.67%

Housing Wire

The average U.S. mortgage rate for a 30-year fixed loan fell four basis point this week to 2.67% – the lowest rate in the Freddie Mac ’s Primary Mortgage Market Survey’s near 50-year history. This week’s mortgage rate broke the previous record set on Dec. 3 and is the first time the survey has witnessed it fall below 2.7%. “The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months,” said Sam Khater, Fred

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Planning a Remodel in 2021? 4 Hardwood Flooring Trends You Should Know About

Realtor.com

lookslike/Getty Images As the new year brings new resolutions, many of us have put home renovations high on our list. Maybe you’re pledging to fix up your home in preparation for selling it in 2021. Or perhaps you’re looking to enliven the place in which you’ve spent many, many hours of the day while sheltering in place in 2020. No matter your motivation, updating your flooring may be a good place to start. “Homeowners are seeking tranquility and peace from all the noise

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Moving With PODS: How Much Does it Cost to Rent a POD

Realty Biz

What to Know About Renting a POD. Are you considering making your move with a POD? The popularity of using PODS storage containers for moving has affected the whole industry. This has led to other companies using the term “PODS” when referring to their moving containers, with legal action following. Choosing PODS rental containers is more than just a popular choice; it can offer a lot when moving from home to home.

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Renting an Apartment for the First Time

Point2Homes

Image: Antonio Guillem / Shutterstock.com. If you’re considering moving out of your parent’s home and into your first apartment, you’re probably pumped. Renting an apartment for the first time can be an exciting experience. Suddenly, you have the freedom to do what you want and create a living space that’s just right for your needs. But, of course, renting does come with some downsides — like having to pay your own bills.

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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.