Sat.Apr 24, 2021 - Fri.Apr 30, 2021

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Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living. But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

Marketing 543
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4 Tips to Maximize the Sale of Your House

Keeping Current Matters

Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days.

Sales 258
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$1.35M Austin Home Renovated by the Property Brothers Sells in a Day

Realtor.com

realtor.com We know Austin, TX, is one of the country’s hottest real estate markets. We also know the impact of remodels featured on HGTV’s popular “Property Brothers.” Join those two unstoppable forces together, and you’ll wind up with a home that sells more quickly than you can say “new listing.” The show’s stars, Jonathan and Drew Scott , completed a remarkable renovation of this midcentury modern way back in Season 4 of their long-running show

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Housing Share of GDP: 17.6% at Start of 2021

Eye on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP has returned and remains near historic norms. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing should continue to expand in 2021. For the first quarter of 2021, overall GDP growth continued.

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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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This isn’t a housing bubble — and that’s the problem

Housing Wire

Last year, during the throes of COVID-19, I expended many words arguing that the U.S. economy would be OK despite the dark period we were in. We just needed patience. We aren’t in a housing bubble. Today we are enjoying the most remarkable comeback of the U.S. economy, which almost no one saw coming. The America is Back Economic Model and the 10-year yield should share the Oscar for best performance.

Mortgages 508
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Should I Buy Now or Wait? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. Contact a local real estate professional to put your plans in motion before home prices and mortgage rates climb even higher.

Mortgages 251

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Property Lines: What to Know About a Property Line

Maximum Exposure Real Estate

Things You Should Know About a Property Line Are you wondering how property lines work? Maybe you are trying to figure out exactly where your property line is located? If you are nodding your head yes to these questions, you’re not alone. Lots of folks try to research how to find their property lines. Some […]. The post Property Lines: What to Know About a Property Line appeared first on Massachusetts Real Estate Exposure.

Marketing 140
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Community, building equity important for young homebuyers

Housing Wire

A homebuyer report from Bank of America shows that 51% of young homebuyers aged 18 to 43 value community and friendly neighbors when deciding whether or not to pull the trigger on a new home. Also in the survey, which polled 2,000 adult homeowners and prospective homebuyers, just 33% of older generations (defined as ages 57 to 75) said community had become more important over the past year. “Along with a desire for more space and smart home technology, individuals are looking for a sense o

Equity 472
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9 of the Punny-est Real Estate Memes on the Internet

Lighter Side of Real Estate

Who doesn’t like a good pun?! Yes, even the people who groan when they hear one. Deep down, everyone appreciates a well-crafted pun. Which is why “punny” real estate memes go over so well (when they’re done right). Here’s nine of the punny-est real estate memes we’ve created over the years to help agents stay top of mind while entertaining their friends, family, and past clients. 1.

Branding 138
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Home Prices Are Rising As More Supply Is Built. That’s How It Works

Better Dwelling

Home prices are expensive. Let’s build more homes, and the cost of all of them will become affordable. It’s supply and demand… like your local politician and mysteriously funded community group always say. Except homes are being built and delivered at a record pace, way in excess of population growth. You’re getting a little suspicious. […].

As-is 144
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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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Conventional and FHA Mortgages Finance 90% of New Home Sales in Q1 2021

Eye on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8 percentage points (quarter-over-quarter) to 71.6% and 2.1 percentage points since Q1 2020.

Finance 138
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Home sale prices reach record highs — again

Housing Wire

The effects of low housing inventory continue to cause significant ripples in the housing market, as a recent Redfin report shows home sale prices across the country have reached an average of $344,625 — an all-time high, and an 18% increase year over year. That’s well above the average home sale prices in Redfin’s March report , at the time a record high of $331,590.

Sales 458
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Flooring Forecast 2021: Here’s What’s Trending in Bathroom Floors

Realtor.com

If a well-designed house is like a complete outfit, we like to think of the bathroom as the perfect accessory that ties everything together. It’s a little space with the power to make a big impact and a prime opportunity to make bold design choices—starting at the ground level with great flooring. From a price and time-commitment perspective, a bathroom renovation is an ideal starting place for any fixer-upper.

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Canadian Real Estate Markets Crammed Up To 15 Years of Price Gains Into One Year

Better Dwelling

Canadian real estate prices have been rising quickly, but it’s never been like this before. Canadian Real Estate Association (CREA) data shows home prices made a big jump in March. Over the past 12 months, home prices increased more than they did over the previous 4 years. That’s just at the national level. More than […]. The post Canadian Real Estate Markets Crammed Up To 15 Years of Price Gains Into One Year appeared first on Better Dwelling.

Marketing 142
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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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More Buyers Are Specifically Looking for New Construction

Eye on Housing

A recent post revealed that 16% of adults are planning a home purchase in the next 12 months. Among that group of prospective buyers, 42% are looking to buy a newly-built home and 30% an existing home. A year earlier, in the first quarter of 2020, only 24% of buyers reported a preference for new homes, while 40% were looking.

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The future of U.S. real estate commissions

Housing Wire

Glenn Kelman, CEO of Redfin, and Luke Babich, chief operating officer of Clever (left to right). This is the final of a three part series on residential real estate sales commissions. Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale.

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Building With Giant Keyboard Facade Planned for Evergreen Avenue in Bushwick

Brownstoner

Is a building, made to look like an instrument, music to your ears? If so, you’re in luck. A rendering has been revealed for a new four-story building at 334 Evergreen Avenue, near the corner of Himrod Street in Bushwick, with a striking design on the facade made to resemble… Read More > The post Building With Giant Keyboard Facade Planned for Evergreen Avenue in Bushwick appeared first on Brownstoner.

Design 123
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Canadian First-Time Home Buyers Plan To Flee The City, Moving To Small Towns: BMO

Better Dwelling

Canadian real estate markets are going to be very different after the pandemic. BMO‘s annual housing survey found first-time home buyers (FTHB) are moving to small towns. More young adults now find small-town living to be much more desirable than living in any of Canada’s big cities. Canadian First-Time Buyers Fleeing To The Suburbs Almost […].

Marketing 141
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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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7 Key Steps to Sell a House That Has Flooded in the Past

HomeLight

An estimated 15 million homes in the U.S. are at an immediate risk of flooding, according to a flood database formed by the nonprofit First Street in 2020. Homes on the coast can be particularly vulnerable to flooding caused by hurricanes or high tides. During Hurricane Harvey, historic flooding left nearly 135,000 homes damaged or destroyed ; Katrina caused even more destruction, ravaging 800,000 housing units.

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Applications drop, despite falling mortgage rates

Housing Wire

Following an almost 9% jump in mortgage applications last week , the Mortgage Bankers Association reported a 2.5% decrease in applications in its latest report for the week ending April 23, 2021. Mortgage applications decreased despite mortgage rates falling for the third week in a row, indicating high prices and low inventory, said Joel Kan, MBA associate vice president of economic and industry forecasting. “Even with a few weeks of lower rates, most borrowers have likely already refinanc

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How To Prepare To Make a Down Payment on a House

Realtor.com

iStock One of the biggest hurdles in buying a home is coming up with a down payment—the large chunk of cash that’s typically required to secure a mortgage for a house. Fortunately, most lenders today offer a wide range of down payment options for 5%, 10%, 15%, or 20% of the price of the house. For many first-time home buyers , a government-backed FHA loan can be obtained for as little as 3.5% down.

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Market “Bubble” May Crest Soon, So Buyers Make Sure You Love That Property: BMO

Better Dwelling

Canadians shopping for homes should make sure they really want that home — especially in cottage country. BMO senior economist Robert Kavcic sees the market cresting soon. In a research note to clients, he sees a few upbeat economic indicators, which may dump cold water on stimmy. People may debate whether or not big cities […]. The post Market “Bubble” May Crest Soon, So Buyers Make Sure You Love That Property: BMO appeared first on Better Dwelling.

Marketing 135
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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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More Buyers Expect House Search Will Get Easier in Months Ahead

Eye on Housing

In the first quarter of 2021, more prospective home buyers (33%) expect that finding the right home will get easier in the months ahead than did a year earlier (25%), according to the latest Housing Trends Report.

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Your home appraisal came in lower than your offer – Now what?

Housing Wire

In today’s booming housing market, sellers have their pick of home offers. According to a study by Realtor.com , the median home listing price is up 15.6% compared to last year. Now, more than ever, sellers have a chance to get more money for their homes. And while this is great for sellers, it leaves buyers asking: “How can I stand out in such a competitive market?

Loans 421
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Top Mortgage Myths—Busted

Realtor.com

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A lot of home buyers think the process is simple, but when you start explaining the details, their eyes glaze over,” says Richard Redmond , mortgage broker at All California Mortgage in Larkspur and author of “Mortgages: The Insider’s Guide.”.

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30% Appreciation in 2021?

BubbleInfo

Our seasonally-adjusted Case-Shiller Index rose more in one month than any other U.S. metro area! The increase in the three-month annual percentage was nearly 22%, and it doesn’t include March and April which have been hotter. The San Diego index was still positive during the initial Covid months (but muted), so it’s safe to say […].

Sales 122
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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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U.S. Real Estate Prices Are Growing At The Fastest Rate Since The 2006 Peak

Better Dwelling

All but two U.S. real estate markets are seeing double-digit annual price growth. The S&P CoreLogic Case-Shiller Index shows February saw annual home price growth hit the highest level since 2006. Three of the Top 20 markets even hit an all-time record for home price growth. U.S. Home Prices Are Growing At The Fastest Rate […]. The post U.S.

Marketing 121
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René Rodriguez to headline Engage Marketing June 17

Housing Wire

Renowned speaker coach René Rodriguez will headline HousingWire’s virtual Engage Marketing event on June 17. Rodriguez, CEO of Volentum and creator of the AMPLIFII Influencer events, has researched and applied behavioral neuroscience for the last 20 years as a speaker, leadership advisor and sales expert. For Engage Marketing’s keynote, he’ll lead a hands-on workshop on how to practically apply his proprietary AMPLIFII Formula to achieve maximum influence.

Marketing 410
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Luxe Up Your Loo! 7 Bathroom Improvements You Should Make Before Selling Your Home

Realtor.com

Getty Images It’s a seller’s market in many parts of the country right now. But if you’re serious about selling your house fast , you need to make sure your bathrooms are updated to impress. “ Kitchens and bathrooms sell homes,” says Kris Lindahl , CEO and founder of Kris Lindahl Real Estate. “If a buyer sees a bathroom that still needs projects or upgrades, the home is going to be much less appealing to them.”.

Design 122
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How long does it take to buy a house?

The Mortgage Report

Buying a house can take anywhere from a couple months to half a year or longer. It depends on local markets and how prepared you are. Here's what to expect.

Marketing 128
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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.