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Daily market update: March 1, 2017

We’ll add more market news briefs throughout the day. Check back to read the latest. Mortgage Bankers Association’s Weekly Applications Survey: Mortgage applications increased 5.8 percent from one week earlier for the week ending February 24, 2017. The refinance share of mortgage activity decreased to 45.1 percent of total applications, its lowest level since November […]

Strong home improvement market is expected to continue for years to come

Traditionally, a healthy housing market is also good for the remodeling industry. For proof of this, one only needs to look at Home Depot, which recently reported strong fiscal fourth-quarter earnings. As people see the value increase in their homes, they are more motivated to do everything they can to maximize not just their current […]

Will real estate investors dig ‘The Deed’? A look at the series premiere

The Deed, an original prime time real estate investment series, premieres on CNBC Wednesday, March 1 at 10 p.m. EST/PST, and here’s a sneak peek at the first episode. The show follows multi-millionaire real estate mogul Sidney Torres as he comes to the aid of struggling property investors in dire need of help. Torres uses […]

Trulia apps now integrate with iMessage for home search collaboration

“It takes two to make a thing go right, it takes two to make it outta sight,” — that’s Trulia’s sentiment as the Zillow Group brand releases an iMessage extension to make the mobile home search process collaborative and fun. “Our goal at Trulia is to provide home shoppers the tools they need to move fast in […]

Katie Lance’s 5 best technology tips for real estate agents in 5 minutes

How to create a full social media strategy with “pillar content” and more tips that agents and brokers can implement today — all given in five minutes — from industry media maven Katie Lance…. Source: click here

Renters want to be owners, surveys find — is affordability the blockade?

“If wishes were horses, even beggars would ride,” goes the old English nursery rhyme.Is that what’s going on today when surveys seem to indicate a powerful desire among renters to become homeowners, yet sales are starting to flatten out?Are hundreds of thousands of potential buyers delaying their homeownership dreams — or canceling them altogether — […]

VHT rival PlanOmatic changes photo copyright terms after Zillow lawsuit

Earlier this month, a federal court awarded real estate photography company VHT $8.3 million in a copyright infringement suit against Zillow Group.Now, in what may seem like a counterintuitive move, VHT rival PlanOmatic announced that it will assign ownership and copyright of the listing photos taken by its photographers to its real estate broker clients.In […]

Mortgage rates hit lowest percentage since first week in December

Long-term rates have broken down this week (versus unanimous expectations for going up), now the lowest since the first week of December — and if they fall another inch might drop another quarter-percent or more, taking lowest-fee mortgages back into the threes.I doubt it, but we’re on the threshold. First things first: what’s happening now, […]

Podcast: How to create your own economy and shift your mindset toward abundance

Why is it important to have an abundance mindset, and how can you reveal your own scarcity mindset in order to counteract it? Many of us have scarcity in our thoughts and actions, and this holds us back from doing so much more than we’re doing right now. Ask yourself questions like, “if leads were unlimited, […]

Does the real estate industry take its homeownership love affair for granted?

Have you ever taken for granted something important to you?For example, you may have had an old yet reliable car. You can recall that it was nothing fancy.That car carted you, your family and friends to every job, game, match, event and class without a sputter.Sadly, the shiny, seemingly “mint condition” vehicle with the enviable […]

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