Calculated Risk Real Estate

NOVEMBER 17, 2023

Housing Starts Increased to 1.372 million Annual Rate in October From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,372,000. This is 1.9 percent above the revised September estimate of 1,346,000, but is 4.2 percent below the October 2022 rate of 1,432,000.

Construction 80

Construction 80

Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. But a funny thing happened this year for the U.S. economy: single-family permits kept rising as new home sales were showing year-over-year growth. How did this happen when mortgage rates rose from the lows earlier in the year?

Marketing 440

Marketing Construction Mortgages As-is 440

Keeping Current Matters

NOVEMBER 17, 2023

Thinking of buying or selling a house and wondering what the new year holds for the housing market?

Marketing 352

Marketing 352

Housing Wire

NOVEMBER 17, 2023

U.S. pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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Purchase and sale agreement Sales Closing costs Closing 408

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Real Estate News

NOVEMBER 17, 2023

In response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.

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Housing Wire

NOVEMBER 17, 2023

Your real estate career in picturesque Colorado is an exciting adventure waiting to unfold. We’re here to guide you in finding the best Colorado real estate school for your needs. To get your license, you’ll need to complete 168 hours of prelicensing coursework at an accredited and approved school. Our thorough look at Colorado’s real estate schools will help you determine which course package fits your schedule, timeline, budget and learning style.

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Pre-approval Staging Pre-qualification As-is 396

Housing Wire

NOVEMBER 17, 2023

New York-based Rithm Capital, the parent company of Newrez , announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 million. The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S.

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Investor As-is Lending Finance 385

Real Estate News

NOVEMBER 17, 2023

Building permits and housing starts rose modestly between September and October, suggesting that more supply could be coming online in future months.

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New Construction Construction 223

Housing Wire

NOVEMBER 17, 2023

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. This marks the first time for CBC Mortgage Agency is reducing interest rates on its second mortgages used for its DPA program on Federal Housing Administration (FHA) loans amid mounting affordability pressure for underserved and first-time homebuyers. “The rate reduction aligns with the company’s mission to s

Mortgages 382

Mortgages FHA loan Loans Finance 382

Inman

NOVEMBER 17, 2023

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions.

Industrial 188

Industrial Technology Brokerage Agents 188

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.

Industrial

Housing Wire

NOVEMBER 17, 2023

Housi ng starts surprised in October. They rose to a seasonally adjusted annual rate of 1,372,000, the highest in three months, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s a 1.9% gain from the revised September estimate of 1,346,000 and 4.2% below the October 2022 rate of 1,432,000. Permits for future construction also jumped 1.1% from September.

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Construction MLS Finance Development 366

Inman

NOVEMBER 17, 2023

Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000.

Marketing 167

Marketing 167

Housing Wire

NOVEMBER 17, 2023

Nearly four months after filing a motion for summary judgment in the Nosalek commission lawsuit , HomeServices of America finally has a response back from the plaintiffs. As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

MLS 363

MLS Agents As-is Industrial 363

Inman

NOVEMBER 17, 2023

Since its appraised value is over $1 million, the iconic Italian beef stand would incur significantly higher transfer taxes in a sale if Mayor Brandon Johnson's proposed "mansion tax" passes next year.

Sales 157

Sales Marketing 157

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Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. HousingWire reported in July hat Movement’s national sales director Deran Pennington, leader of the South and Central division Matt Schoolfield and leader of the Eastern U.S. division Chris Shelton parted ways after more than a decade working at the company to join Summit.

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Loan Officer Sales Loans Mortgages 331

Inman

NOVEMBER 17, 2023

Despite our best efforts to buffer ourselves from distractions, we will be forced to negotiate thousands of them each day. Broker-owner Pam Blair offers tips to hone your focus and find your center.

Development 153

Development Agents 153

Bigger Pockets

NOVEMBER 17, 2023

Real estate investing is a pathway for building wealth, distinct from other asset classes due to its tangible nature. This form of investment usually appreciates over time, providing long-term value growth. Real estate also offers the potential for rental income, transforming properties into sources of continuous revenue.

Finance 134

Finance 134

Inman

NOVEMBER 17, 2023

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 10-16, 2023.

Agents 147

Agents 147

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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.

Agents

Bigger Pockets

NOVEMBER 17, 2023

Social security's future and an aging population are contributing to an ever-present risk of financial instability. How should you structure your retirement, then?

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Sotheby's International Real Estate

NOVEMBER 17, 2023

Los Angeles, California | Sotheby’s International Realty – Los Feliz Brokerage A recent renovation has preserved the grand estate’s historic, Old Hollywood character. ‘Frankenstein’ Director James Whale’s 1930s Los Angeles Home Selling for $7.245M – Mansion Global This Portland Home Is One of Just Two Residences in Oregon Designed by Richard Neutra – Robb Report Curving California Compound Asks for $4.595M – The Spaces Diane Sawyer’s Estate On Martha’s Vineyard Sells For

Renovation 124

Renovation Brokerage Design Marketing 124

Bigger Pockets

NOVEMBER 17, 2023

When the Covid-19 lockdowns began in March 2020, the real estate industry was set on a new course. Now, months after the official end of the pandemic, we've taken stock of how everything's changed.

Industrial 130

Industrial 130

GeekEstate

NOVEMBER 17, 2023

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Fortress Proptech] Fortress Proptech is a property management software solution designed to enhance operational efficiency through automation and data integration. The core of their service is Fortress OS, a property management operating system enabling property managers and owners to streamline operations by optimizing workflows and simplifying tasks, including tracking income,

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Property Management Commercial Design 123

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Bigger Pockets

NOVEMBER 17, 2023

The BRRRR method, an acronym for "buy, rehab, rent, refinance, repeat," is a strategy for investors to purchase distressed properties at low costs, renovate, rent them out, refinance, and reinvest the proceeds. It's a sustainable approach for generating passive income and ideal for those knowledgeable (or willing to learn) about the rental and rehab market.

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Renovation Investor Marketing 128

Eye on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Construction Development Mortgages 119

RIS Media

NOVEMBER 17, 2023

Property Highlights: Location: Miami, Florida Listing Price: $12 – $22 million Features: Luxury condominium penthouse with four bedrooms, five-and-a-half bathrooms. Added Appeal: Luxury amenities including access to private restaurant and speakeasy, spa with ice plunge and sauna, golf simulator, pickleball court, dog park and more. With many of the world’s elite adding a Miami residence… The post Legacy Miami Penthouse Reaches New Heights appeared first on RISMedia.

Industrial 116

Industrial 116

Eye on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2023, single-family attached starts totaled 43,000, which is 16% higher than the third quarter of 2022.

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Construction Design 116

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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.

Sales

RIS Media

NOVEMBER 17, 2023

Following September’s miraculous 7% gain in housing starts, the rise continued in October, according to a new report from the National Association of Home Builders (NAHB) using data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The lack of existing inventory continues to push buyers toward the new construction… The post Housing Starts Continue Gains in October After Huge September Jump appeared first on RISMedia.

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New Construction Construction Development Industrial 116

HomeLight

NOVEMBER 17, 2023

In Harrisburg, We Buy Houses companies offer a unique solution for homeowners in need of a quick sale. These companies specialize in making all-cash offers for homes, particularly those that may need a bit of work. If you’re facing a situation where time, expertise, or funds for repairs are limited, a cash sale could be your ticket to swiftly moving on with your life.

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Closing Sales Design As-is 111

RIS Media

NOVEMBER 17, 2023

Bright MLS, which covers the Mid-Atlantic region (southern New Jersey to northern Virginia), has released its October 2023 Housing Report – tracking the state of the market in its coverage area. The report shows markets have climbed to about 2022 levels. Dr. Lisa Sturtevant, Bright MLS Chief Economist, noted as such with cautious optimism: “The… The post Mid-Atlantic Real Estate Markets Reaching Back to 2022 Levels appeared first on RISMedia.

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MLS Marketing Sales Industrial 113

HomeLight

NOVEMBER 17, 2023

Navigating the real estate market in Maryland can feel like a high-stakes balancing act, especially when trying to sell your old home and simultaneously secure your new dream house. The challenge becomes even more daunting in a market characterized by low inventory and soaring prices. Often, it might seem like your only option is to sell your current property, find temporary accommodation, and then embark on the hunt for your new home.

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Equity Loans Debt-to-income ratio Home sale contingency 111

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