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3 mortgage industry trends that will define the rest of 2021

Housing Wire

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.

Mortgage 506
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Buyers viewed just eight homes before making their purchase

Housing Wire

In 2021, homebuyers who successfully purchased a home viewed a median of only eight properties before completing their transaction, according to a report by the National Association of Realtors , published on Tuesday. In 2021, 95% of buyers use online tools to look for houses, with 51% reporting that they found their eventual home online.

Buyers 414
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As the market shifts to purchase, LOs get creative

Housing Wire

trillion in 2021. With the market shift, LOs whose businesses were mainly driven by refinances in 2020 and 2021, must quickly shift gears and figure out ways to bring in purchase leads. A sales manager, who requested anonymity, said that he helps newbie LOs by reviewing their strategies to pull in business at open houses.

Marketing 392
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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Why is 2021 different than other years? Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. Real estate websites set up their property search tools with price brackets.

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The Complete Guide to Virtual House Hunting During COVID-19

Cleveland Appraisal Blog

Although certain things, such as crowded open houses, will be off-limits for the time being, it’s still entirely possible to buy a new home. Check out these resources from Cleveland Appraisal Blog regarding virtual tools for all of your real estate needs! Is Now a Good Time to Buy a House? Photo via Unsplash .

Appraisal 195
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Best real estate apps for agents in 2024

Housing Wire

These tools can help you cut your speed to lead time in half, market your business, generate and nurture leads, and even leverage bleeding-edge AI tools to 10x your productivity. It’s also an ideal tool for working with clients requiring the personal touch only video can provide.

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Virtual Tours and Videos for Your Home's Listing

Eppraisal

Professional-quality still photos are one of the most important marketing tools used in listing homes for sale. According to an article published on April 14, 2021, on Statista.com, "In the 2018 survey, 93 percent of home buyers used online websites when searching for a home in the United States."