Housing Wire

JUNE 27, 2022

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March. The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower than the same period a year ago. A total of 1.46 million properties were in early-stage delinquencies, defined as borrowers who missed a single mortgage payment, which is a slight increase of 0.2% from April due to typ

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Mortgages Staging Renovation Loans 531

Keeping Current Matters

JUNE 21, 2022

If you own a home, your net worth likely just got a big boost thanks to rising home equity.

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Lighter Side of Real Estate

JUNE 15, 2022

Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.

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Eye on Housing

JUNE 13, 2022

NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.

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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

Real Trends

JUNE 9, 2022

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis. New listings also were up during the week ending June 4, rising 2% compared to a year ago, but they are down 1% on a year-to-date basis.

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GeekEstate

JUNE 1, 2022

There’s no denying that the COVID-19 pandemic changed the world as we know it, and while we’re certainly returning to some sense of normalcy, there are a few trends that emerged that are likely here to stay. In the property management industry, virtual property tours are one of tools that increased in popularity during the pandemic , and are likely to continue into the future.

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Property Management Staging As-is Industrial 145

Keeping Current Matters

JUNE 10, 2022

Some Highlights. June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re considering homeownership, know that it can give you privacy, comfort, and a place to express yourself. It can also provide financial stability and help you grow your net worth. Are you ready to experience all the great benefits that come from purchasing a home?

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The Close

JUNE 3, 2022

One of the many marketing strategies that new listing agents struggle with, home staging is probably the most challenging. Hiring a professional stager is expensive, and DIY staging is something of a mystery for most new listing agents. In order to demystify the process, we worked with top-producing listing agents, including our friends at Ryan Serhant’s luxury brokerage SERHANT., to get the best home staging tips for 2022.

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Eye on Housing

JUNE 6, 2022

Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based on the pre-pandemic 2017-2019 data and show that during the first year after closing on the house, a typical buyer of a newly-built single-family detached.

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Closing 145

Sotheby's International Real Estate

JUNE 4, 2022

Few things transform an everyday interior space like carefully chosen paint hues. These plucky residences—from Palm Beach to Pasadena—catch the eye with their vivid, often unexpected doses of color. Upper East Side Elegance. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Constructed in 1870, this elegant six-story, six-bedroom townhouse on a lovely Upper East Side street is luxuriously scaled and detailed.

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Brokerage

Real Trends

JUNE 21, 2022

As markets across the country have cooled thanks to rising mortgage rates and higher home prices, existing home sales fell in May for the fourth consecutive month. The seasonally adjusted sales rate for existing homes fell 3.4% to 5.41 million from April , according to a report from the National Association of Realtors released Tuesday. The sales pace is down 8.6% compared to a year ago. “Home sales have essentially returned to the levels seen in 2019 — prior to the pandemic — after two ye

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Sales Mortgages Investor Marketing 141

Housing Wire

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .

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Sales As-is Marketing Mortgages 545

Keeping Current Matters

JUNE 3, 2022

Some Highlights. It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, connect with a real estate professional to discuss why today’s housing market is nothing like 2008.

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Marketing 282

The Close

JUNE 1, 2022

We collected the best real estate agent tips from hundreds of top-producing agents and coaches that we’ve worked with over the years. We’ve included links to 17 in-depth articles to help you learn more about each of these real estate agent tips from Rolls Royce driving, private jet flying, all-around real estate ballers. Believe it or not, we’re living in the golden age of self-made millionaires.

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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

Maximum Exposure Real Estate

JUNE 5, 2022

Earnest Money vs. Down Payment The earnest money vs. down payment question comes up quite a bit in real estate sales. If you are a first-time buyer purchasing a home can be mysterious at times. There are many terms and procedures that can be confusing unless they are explained. There are many important mortgage terms […]. The post Earnest Money vs.

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Mortgages Sales 139

Sotheby's International Real Estate

JUNE 18, 2022

Author Claudia Roden’s assertion that “everything tastes better outdoors” is certainly true at these four homes, where meals come with a side of fresh air and vistas of sparkling city lights or starry nighttime skies. Relaxing Retreat. Friendswood, Texas | Geri Mills, Martha Turner Sotheby’s International Realty. This four-bedroom home in peaceful Friendswood, Texas—just on the outskirts of Houston—deftly combines charm and elegance.

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Real Trends

JUNE 14, 2022

It wasn’t so long ago that the housing market was characterized by YOLO, FOMO and 200-person deep lines at open houses. But a gradual slowdown that culminated in seismic shocks to the economy over the past week has changed the game for real estate agents and their clients. By the close of business on Monday, the stock market officially entered bear territory , with the Dow Jones falling 876 points on the fears of inflation and the Fed’s upcoming rate hike , rumored to be 75 basis poi

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Housing Wire

JUNE 16, 2022

I’m raising my fifth recession red flag today based on the Census Bureau ‘s May housing starts data. Housing starts showed a miss on the estimate but positive revisions. Housing starts came in at 1.549 million and housing permits came in at 1.695 million. Housing completion data did grow to 1.465 million and more of the backlogged homes are finished.

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Mortgages Sales Construction As-is 545

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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

Keeping Current Matters

JUNE 24, 2022

Some Highlights. When it comes to pricing your house, there’s a lot to consider. The only way to ensure you price it right is by partnering with a local real estate professional. To find the best price, your agent balances current market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition. Don’t pick just any price for your house.

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Agents Marketing 277

Eye on Housing

JUNE 14, 2022

The prices of goods used in residential construction climbed 1.8% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report. Prices have surged 40.4% since January 2020. Building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% higher than they were in May.

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Brownstoner

JUNE 7, 2022

The 122-plus-year-old Jacob Dangler mansion at 441 Willoughby Avenue was calendared by the Landmarks Preservation Commission in a last-minute, surprise move today that could prove a huge victory for local residents and preservationists who have been fighting to save the building from a pending demolition. The vote by the LPC came… Read More > The post In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise appeared first on Brownstoner.

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Development 133

Sotheby's International Real Estate

JUNE 28, 2022

With its vibrant woodlands and meadows, picturesque roads, Long Island Sound coastline, and captivating homes—from charming cottages to grand manors in nearly every architectural style—Greenwich exemplifies the natural and manmade beauty of New England. This refined residence makes the most of its location, enjoying an enviable spot on four secluded acres near a reserve, a preserve, and an alluring lake.

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Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

Agents

Real Trends

JUNE 6, 2022

The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp

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Housing Wire

JUNE 21, 2022

The housing nightmare continues. The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 million , down 3.4% from the previous month and 8.6% from last year. But, the savagely unhealthy data line was that home prices are up 14.8%. Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, has

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Purchase and sale agreement Marketing Sales Mortgages 540

Keeping Current Matters

JUNE 17, 2022

Some Highlights. Worried you won’t be able to find your next home after you sell? You should know data from realtor.com shows more listings are coming onto the market each month this year. Having additional options can make the search for your next home. But inventory is still low overall, which means your house should still stand out when you sell.

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Eye on Housing

JUNE 29, 2022

The top 10 builders captured 34.2% of new single-family home closings in 2021, the highest percentage on record based on data released by BUILDER Magazine. This share represents 264,426 closings out of the 774,000 new single-family home sales reported by the U.S. Census in 2021. Nevertheless, these closings only represent 23.5% of single-family starts, a broader measure of home building.

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Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

Agents

Brownstoner

JUNE 28, 2022

A Brooklyn Housing Court judge removed the owner of 567 St. John's Place in Crown Heights from managing the eight-unit building after he failed to address hundreds of safety violations and complaints and allegedly harassed and intimidated tenants, according to tenants group Crown Heights Tenants Union. Renters in the building have… Read More > The post Court Grants Tenants’ Calls for Takeover From Crown Heights ‘Slumlord’ appeared first on Brownstoner.

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Marketing 132

Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. It is even more crucial when buying a building lot. Buying land can be an exciting and profitable investment. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land.

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Notorious ROB

JUNE 11, 2022

From my friend Kevin Oakley, I see this news on Twitter: Kevin Oakley on Twitter: “[link] @AliWolfEcon @robhahn / Twitter” [link] @AliWolfEcon @robhahn. The linked article is a longtime mortgage broker Louis Barnes sounding the alarm : During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out.

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Fixed-rate mortgage Investor Mortgages Banks 126

Housing Wire

JUNE 3, 2022

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.

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Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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