Mon.Jul 05, 2021

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Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year. Of course, last year’s comps should be discounted due to COVID-19. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% from one year ago.

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Broken Ankle & Kitchen Remodel… Life Happens

Cleveland Appraisal Blog

Hello everyone! I hope you are all having a fantastic summer. It’s good to a little normalcy coming back. While I had intended on posting something more substantial this week, life has made that a little tricky. Last week, my wife broke her right ankle in numerous areas. She has been through one surgery and has another major surgery in about a week.

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Shortages Cause Builders to Raise Prices, Pre-Order Materials

Eyes on Housing

Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year. Results from a follow-on NAHB survey show that builders have reacted to the shortages in a variety of ways, most commonly by raising the prices of their homes and.

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5 Benefits to Digitizing Your Rental Lease Agreements

GoForrmz

Digitally transform the renter’s experience and pave the way for rental lease agreements The world is continuously evolving and changing, but some things don’t ever seem to change. Paperwork is one such constant - whether you’re signing rental lease agreements or sending invoices to clients , forms are required in almost every industry. The real estate industry utilizes paper forms for various needs, one of which being rental lease agreements.

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What Does May’s Housing News Mean for the Market?

BiggerPockets

May housing data has been released, and to the surprise of absolutely no one, new records were set for prices. But what does it mean?

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What falling lumber prices mean for Canada’s housing market

Mortgagebroker News

Benchmark prices are dropping, but will they return to pre-pandemic levels?

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BMO on how many Canadians are planning to renovate instead of moving

Mortgagebroker News

Current economic conditions incentivize a significant number of homeowners to stay put

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Why Do Buyers Back Out of the Real Estate Transaction?

CA Realty Training

By Bettina Siochi. A real estate transaction is hard to close. So many moving parts make it stressful and hard to maintain. That’s why they pay real estate agents the big bucks. A buyer can back out of the deal at any given time for many reasons. As a real estate agent, you must be aware of these should you ever encounter them. . Here are some of the most common reasons buyers back out of real estate transactions: Buyer’s Cold Feet.

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How you can help lawyers close faster

Mortgagebroker News

Head real estate lawyer gives us all the tricks

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How long does it take to prepare an offer?

San Jose Real Estate

How long does it take to prepare an offer? Recently I wrote about how much time it takes buyers to put an offer together in Silicon Valley. But I didn’t go over how much of the buyer’s agent’s time is involved with drafting the bid In Silicon Valley, it’s a lot more than just typing […].

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Where will the federal pandemic support programs go from here?

Mortgagebroker News

Signs of across-the-board economic recovery are becoming clearer

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What Lessons to Take Into the Appraisal Industry Post-COVID-19

Appraisal Buzz

The appraisal industry — just like so many others — has taken all kinds of twists and turns over the past year. Between COVID-19, the changes, and new ideas that came along with it, you may be wondering how the industry is going to move forward. Which lessons will be kept, and which ones will be forgotten? While nobody can tell what the future holds, market trends and industry professionals can indicate patterns going forward, even if nobody knows for sure.

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LEED Certification: What Is It And Is It Worth The Effort?

Quicken Loans

Utilities are expensive. It’s important to know that water and electricity use have costs beyond your regular bill. Many people want their home to be as energy efficient as possible. Real estate agents all over the United States boast that green homes may sell faster and for a higher price than traditional homes. Did you know there’s a specific certification for resource efficient buildings, including homes?

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