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- The good part of the post-Covid world
The good part of the post-Covid world
Last weekend, my wife and I visited the pre-school that my children attended (Arunodoy Montessori). We met the head if the school, a very pleasant 70-year old lady who has been running the school for more than 30 years. She is someone that always takes the side of the children, would never allow the teachers to raise their voice on the children and always has a smile on her face. But this time there was a hint of sadness. For the first time in 30+ years, her school is not running as usual. She doesn't want to be conduct online classes for the young children and is pining for return to normalcy. I am sure lot of us are feeling the same way about many things. But there are things that have changed for the better because of Covid. I would put 'real estate & mortgage transactions going virtual' at the top of the positive fallouts of Covid. Lenders and title agents have adopted virtual tools like never before and guess what, their customers are loving them for it. We will talk about some of the tools that the industry is using in this news letter.
In other news, the housing market continues to be on fire - with sales, prices going up and up. You can read about the madness in the news below.
Cheers!
The traditional real estate closings with a room full of people and stacks of documents are becoming a memory, as much of the process is now online.
HousingStack offers a dynamic visual that reflects the rapid changes in real estate technology. It presents the information in real time.
Automation has the potential to save up to 80% of mortgage processing costs while reducing defects by half.
Stacking the deck: Does choosing the right technology stack give your brokerage a competitive edge? — www.housingwire.com
We spoke to three brokerages to learn about their tech stack, which products they consider indispensable and which have helped streamline operations.
The RON fight gets complicated as murder, identical twins, fraud and much more comes up in the California fight against RON legislation.
The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space have turned this year into a boom time for real estate agents.
In the U.S., the median existing single-family home price rose 12% year over year to $313,500, according to the National Association of Realtors.