August, 2021

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Homebuyers flock to Florida real estate

Housing Wire

The Sunshine State seems to be getting a lot more foot traffic these days, with the number of homebuyers moving to Miami tripling year-over-year, a new analysis found. According to Redfin ’s monthly migration report, July saw the net inflow of Redfin users packing their bags and moving to Miami rise to 7,610, up from 2,216 last year. Milagros Alvarez, a Miami real estate agent at Redfin, said that the pandemic “has brought even more out-of-towners to the area” because so many people can no

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With Rents on the Rise – Is Now the Time To Buy?

Keeping Current Matters

According to recent data from realtor.com , median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “ Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than 1% from month to month.

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Annual Home Price Gains Hit Record High in June

Eye on Housing

In June, national home prices continued to rise at a fast and unsustainable rate. Strong demand and low housing inventory have been driving home prices at double-digit growths for eleven months. All 20 metro areas reported home price increases in June, while 12 of them had an acceleration in home price growth. The S&P CoreLogic Case-Shiller U.S.

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Selling Your Home in Today’s Market? Don’t Believe These Myths

Lighter Side of Real Estate

Between low inventory and high buyer demand, there’s no denying that we’re in a seller’s market. But just because it’s a seller’s market doesn’t mean that every house is guaranteed to sell—although you wouldn’t know that based on what people are saying. There are a lot of myths and misconceptions going around about selling in today’s market—and if you’re planning to sell, it’s important to ignore them.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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The Meaning of Off Market Properties in Real Estate

Maximum Exposure Real Estate

Everything to Know About Off-Market Homes For Sale Are you ready to learn all there is to know about off-market properties? Key things you’ll discover: What are off-market properties? How to find off-market homes. Understanding real estate listing status terminology. Misleading pre-foreclosure off-market listings explained. Benefits of off-market properties.

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California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M

Realtor.com

California Gov. Gavin Newsom has sold his midcentury modern home in the Marin County enclave of Kentfield, CA, for $5.9 million. The post California Gov. Gavin Newsom Sells Marin County Mansion for $5.9M appeared first on Real Estate News & Insights | realtor.com®.

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

Keeping Current Matters

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale).

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Builder Confidence at 13-Month Low on Higher Material Costs, Home Prices

Eye on Housing

Builder sentiment in the market for newly-built single-family homes fell five points to 75 in August, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The index is at its lowest point since July 2020. Higher construction costs and supply shortages have led to significant price growth, which in turn has caused prospective buyers to.

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Is It Worth Adding a Powder Room to Your Home? Consider These Things First

Lighter Side of Real Estate

The number of bathrooms in a home can be a major selling point for potential buyers. And, as such, an extra bathroom can make your home more attractive and easier to sell—which is why a lot of homeowners consider adding a half-bath (or “powder room”) to their property. But adding a powder room isn’t necessarily the right renovation project for every homeowner—and before you decide to add bathroom space to your home, there are a few things you’ll want to consider.

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Closing Costs For a Seller: How Much is The Cost to Sell a Home

Maximum Exposure Real Estate

How Much Does it Cost to Sell a House? Do sellers pay closing costs? What are the costs to sell a home? What are the seller’s closing costs? These are all common questions first-time sellers will ask. Most homeowners will want to have a rough idea of the closing costs and associated expenses when selling […]. The post Closing Costs For a Seller: How Much is The Cost to Sell a Home appeared first on Massachusetts Real Estate Exposure.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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How to Avoid Real Estate Capital Gains Taxes

Realty Biz

If you have decided to sell a house or are in the process of selling it, you need to keep in mind that usually, there are taxes on real estate capital gains. Generally speaking, the higher the price you sell at, the bigger your tax bill from Uncle Sam. Sometimes when you sell your home after a short period of ownership, getting a great price does not mean much when paying capital gains taxes.

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Is the Fed creating a housing bubble by keeping rates low?

Housing Wire

Remember that pretty girl from your history class in college — the one who would blow hot and cold, so you never really knew what she was thinking? The U.S. housing market can be like that girl: you can get many mixed messages (especially about a housing bubble) unless you are paying attention. But who has time for that? Hey, that’s all I do, so you’ve come to the right place.

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Key Questions To Ask Yourself Before Buying a Home

Keeping Current Matters

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know how to answer these three questions. 1.

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Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings

Better Dwelling

Canadian tax authorities confirmed they knew about illicit foreign capital inflating real estate. They first found out over two decades ago, but only confirmed it to the South China Morning Post (SCMP) this week. A whistleblowing, retired auditor first told SCMP journalist Ian Young about the report in 2016. He waited half a decade for […]. The post Canada Hid A Foreign Capital & Housing Study While Dismissing Intelligence Warnings appeared first on Better Dwelling.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Wait! Read This Before You Sell Your House for Cash

HomeLight

On the surface, fast-cash companies in real estate may not have the most pristine reputation, but you’re not crazy to consider selling your house for cash. As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers.

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When Do You Need a Building Permit and For What Projects

Maximum Exposure Real Estate

Getting Building Permits For Work at Your House is Vital Did you not pull building permits for work done at your house? When you consider making improvements or additions to your home, it can be tempting to try and skirt the permit process. In some cities and towns, the cost and hassle of getting a […]. The post When Do You Need a Building Permit and For What Projects appeared first on Massachusetts Real Estate Exposure.

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Gerrymandering in Brooklyn Is Out of Control. Here’s How Reform Could Affect Neighborhoods

Brownstoner

New York’s congressional, state senate and assembly districts are set to be redrawn this year, and for the first time in history, everyday New Yorkers have had the chance to weigh in on how they think the districts should be drawn up. The New York Independent Redistricting Commission, the entity tasked… Read More > The post Gerrymandering in Brooklyn Is Out of Control.

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Home sales beat estimates: no housing crash in sight

Housing Wire

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

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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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The Difference in Net Worth Between Homeowners and Renters Is Widening

Keeping Current Matters

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom , surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays in building wealth: “Home ownership is one of the indicators Americans say is least connected to financial health.”

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Inside a Sophisticated Wine Country Aerie

Sotheby's International Real Estate

In ancient mythology, Aurora, the goddess of dawn, would dance across the sky announcing the arrival of the sun each day. An address on Aurora Lane, then, feels fitting for this one-of-a-kind home, which with its southern orientation and walls of glass revels sunlight from morning till night. Glen Ellen, California | Charles Lamp, Gina Clyde, and Courtney Keating, Sotheby’s International Realty – Wine Country – First Street Brokerage.

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Canada Will Almost Certainly Ban Foreign Buyers, As Both Major Parties Promise

Better Dwelling

Foreign speculators looking to buy a home in Canada might encounter a few hiccups in the next few years. The country is in the middle of a snap election, and housing is the hot topic — especially foreign ownership. Just this morning, the ruling Liberal Party announced they would ban non-resident buyers. This is the […]. The post Canada Will Almost Certainly Ban Foreign Buyers, As Both Major Parties Promise appeared first on Better Dwelling.

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Flat Fee Real Estate Brokerage: What Are The Pros and Cons

Maximum Exposure Real Estate

Listing on MLS For Sale by Owner With Flat Fee MLS Service Do you want to get your home listed on MLS for sale by owner? To list in MLS is thought of as the “holy grail” of real estate marketing by many people. One of the questions those thinking of selling for sale by […]. The post Flat Fee Real Estate Brokerage: What Are The Pros and Cons appeared first on Massachusetts Real Estate Exposure.

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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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Will hemp homes solve the building material shortage?

Realty Biz

Sky rocketing prices for building materials have been a common complaint from home builders over the past year. The costs of lumber, steel and concrete have all soared, and now some are promoting the idea of hemp as a more affordable alternative. Hemp does contain cannabis, but the concentration of THC is much, much lower so it has never been used as a recreational drug.

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Delta variant fears send 30-year mortgage rates to 2.77%

Housing Wire

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. According to Sam Khater, chief economist at Freddie Mac, concerns over the COVID-19 Delta variant, along with lower 10-year Treasury yields, have resulted in lower rates.

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What Does Being in a Sellers’ Market Mean?

Keeping Current Matters

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low.

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Pier Pressure: 5 Waterfront Homes with Docks

Sotheby's International Real Estate

The perfect buoys for modern-day living, these five homes feature docks that offer access to all the delights of the water, whether it be a creek, a lake, or an ocean. Charming Lakefront Compound. Riverside, Connecticut | Leslie McElwreath, Sotheby’s International Realty – Greenwich Brokerage. On 1.5 landscaped acres at the end of a peaceful cul-de-sac in desirable Riverside, this charming five-bedroom retreat enjoys idyllic water views from nearly every room and is replete with high ceili

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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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UN Climate Change Report Predicts Dire Future for New York

Brownstoner

Climate change is set to hit home hard for Brooklynites, according to a new report. The report, compiled by the UN’s Intergovernmental Panel on Climate Change and released Monday, paints a daunting picture of the catastrophic effects that increased atmospheric Co2 is already wreaking on the world, and where we’re inevitably… Read More > The post UN Climate Change Report Predicts Dire Future for New York appeared first on Brownstoner.

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How Much Do PODS Cost: POD Moving and Storage Prices Explained

Maximum Exposure Real Estate

POD Storage Pricing Guide Are you wondering about PODS pricing? If you are thinking about using PODS for your move, POD prices will be an important consideration. We will look at the cost of PODS and the things that make up your bill. When moving with PODS, it is essential to have a solid grip […]. The post How Much Do PODS Cost: POD Moving and Storage Prices Explained appeared first on Massachusetts Real Estate Exposure.

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Upgrade Your Space with This DIY Mirror Organizer!

Homes.com

Don't know what to do with that old door mirror? Upcycle it into functional storage with this DIY mirror organizer tutorial! The post Upgrade Your Space with This DIY Mirror Organizer! appeared first on Homes.com.

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Why aren’t builders creating more housing inventory?

Housing Wire

Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.

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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.