Redfin
DECEMBER 29, 2022
17 housing trends that defined the year, including record home prices and sky-high mortgage rates. The 2022 housing market was nothing short of remarkable. The pandemic and resulting remote work continued to define how, when, and where people bought homes. The median U.S. home price hit a record high before falling slightly. Rising rents stretched renters’ budgets.
Housing Wire
DECEMBER 29, 2022
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.
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Keeping Current Matters
DECEMBER 29, 2022
With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today.
Eye on Housing
DECEMBER 22, 2022
In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.
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.
Maximum Exposure Real Estate
DECEMBER 28, 2022
Fourteen Ways to Get Your Mortgage Denied Did you know that a loan can be denied after funding? Unfortunately, you can lose your mortgage approval if you’re not careful. Getting pre-approved for a mortgage is an exciting experience. You now have the go-ahead to shop around and find the perfect home. But with all the […]. The post How Can a Loan Be Denied After Funding: See 14 Ways!
Housing Wire
DECEMBER 27, 2022
Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) over asking price. High octane stuff.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
DECEMBER 13, 2022
Is the price per square foot important? This is a question that lots of buyers and sellers want to know. In real estate, as with many things in life, the easiest solutions to a problem are not always the best solutions. Take calculating the value of a home for sale. Realtors, sellers, and buyers want […]. The post Price Per Square Foot Should Be Avoided When Calculating Market Value appeared first on Maximum Real Estate Exposure.
Maximum Exposure Real Estate
DECEMBER 13, 2022
What Are Open Houses? Open houses are a marketing activity performed by a licensed real estate agent, usually on a weekend, whereby a home seller’s property is open to the public for a designated time period. Open houses typically last for a couple of hours, when people can come and go at their leisure. There […]. The post Do Open Houses Work appeared first on Maximum Real Estate Exposure.
Real Trends
DECEMBER 19, 2022
The real estate market is shaping up to be challenging, yet there are agents who are committed to going big next year by setting aggressive growth goals for the coming 12 months. What are these agents planning to do to fill the year with appointments, listings and showings? How will they have a major impact on the lives of their clients, communities, and the economy?
Better Dwelling
DECEMBER 19, 2022
Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics‘ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn’t expect much relief either.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
DECEMBER 1, 2022
Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.
Keeping Current Matters
DECEMBER 2, 2022
Some Highlights. As you get ready to sell your house, focus on tasks that make it inviting, show it’s cared for, and boost your curb appeal. This list will help you get started, but don’t forget, a real estate professional will provide other helpful tips based on your specific situation. Connect with a trusted real estate professional for advice on what you may want to do to get your house ready to sell this season.
Eye on Housing
DECEMBER 5, 2022
In November of 2022, 36 percent of single-family home builders reported reducing their prices, and 59 percent were offering special sales incentives. These percentages may seem relatively high—and in fact they have increased significantly since July of this year—but they are nowhere near as high as they were during the 2007-2008 financial crisis. Questions on sales incentives have been a.
Maximum Exposure Real Estate
DECEMBER 19, 2022
Disclosure in Real Estate: What to Disclose When Selling a House You may not know about a seller’s disclosure when you have never sold a house before. Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in […]. The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.
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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.
Realty Biz
DECEMBER 5, 2022
One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. With bidding wars being the norm and not the exception, many buyers were waiving their inspection to strengthen their offer. Things are starting to change in many real estate markets around the country.
Better Dwelling
DECEMBER 8, 2022
Canada’s mortgage stress tests seemed excessive last year, but they were insufficient. The recent Bank of Canada (BoC) rate hike pushed a number of variable rate borrowers above their stress test rate. BMO warns these borrowers haven’t been risk-tested for the current environment. Canadian Mortgage Borrowers Haven’t Been Stress Tested For Rates This High The […].
Housing Wire
DECEMBER 7, 2022
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.
Keeping Current Matters
DECEMBER 9, 2022
Some Highlights. If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental trap for another year. Reach out to a real estate professional to determine if selling your house before the new year is the right move for you.
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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.
Sotheby's International Real Estate
DECEMBER 31, 2022
In elegant estates from East Coast to West, these distinctive, expertly appointed bars prove that the best spot for a festive nightcap is often home sweet home. California Contemporary. Robin Walpert | Sotheby’s International Realty – Santa Monica – Venice Brokerage. This new solar-powered five-bedroom contemporary residence was designed for sophisticated entertaining and luxurious environmentally friendly living.
Maximum Exposure Real Estate
DECEMBER 5, 2022
Tips to Get The Best Mortgage Rate Do you want to know how to get the best mortgage rate for an upcoming home purchase? Getting the best rate on your mortgage is a significant concern for any home buyer. Everyone wants to get the lowest mortgage interest rate possible! When you consider that only a […]. The post How to Get The Best Mortgage Rate appeared first on Maximum Real Estate Exposure.
Realty Biz
DECEMBER 8, 2022
Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. Getting a mortgage in the current conditions, where interest rates have risen quickly, hasn't made the situation any easier. While it might be more difficult to get a mortgage, it is, of course, still possible, but you might need to prepare more carefully.
Eye on Housing
DECEMBER 16, 2022
Reflecting the unprecedented housing shortages across the United States in the post-pandemic market, U.S. vacancy rates hit their lowest readings in decades in 2021. According to NAHB’s analysis of the 2021 American Community Survey (ACS), owner vacancy rates dropped below 0.9% and rental vacancy rates reached a new low of 5.2%, the lowest levels recorded by the ACS since the.
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.
Housing Wire
DECEMBER 13, 2022
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.
Keeping Current Matters
DECEMBER 6, 2022
If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools.
Sotheby's International Real Estate
DECEMBER 2, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. San Francisco, California | Sotheby’s International Realty – San Franciasco Brokerage. The “grand-scaled” mansion is located on tree-lined street in Presidio Heights. 100-Year-Old San Francisco Home Lists for $11.35 Million – Mansion Global.
Maximum Exposure Real Estate
DECEMBER 26, 2022
What to Know About Property Lien Searches Do you want to do a property lien search? Are you interested in how to find out if there is a lien on a home? Knowing how to check for liens on a property is essential. If you want to buy a new property, you need to be […]. The post How to Search For Liens on a Property: Lien Searches Explained appeared first on Maximum Real Estate Exposure.
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.
Realty Biz
DECEMBER 15, 2022
Buying a house is a complicated process, so it’s refreshing when one simple concept covers more than one aspect of it. Escrow is just such a concept. This is the practice of enlisting a third party to hold both the deed to a property and the money used to buy it until both buyer and seller are satisfied with the terms. When this idea originated around the turn of the 20th century , selling property was much more simple.
NAR: Economic Outlook
DECEMBER 22, 2022
Instant Reaction: Mortgage Rates, December 22, 2022. The 30-year fixed mortgage rate decreased to 6.27% from 7.08% six weeks ago, making homeownership 10% more affordable than it was six weeks ago. By: . Nadia Evangelou. Mortgage Financing.
Housing Wire
DECEMBER 5, 2022
I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in the very beginning. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Ass
Keeping Current Matters
DECEMBER 1, 2022
If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead.
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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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