January, 2022

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Why Waiting To Sell Your House Could Cost You a Small Fortune

Keeping Current Matters

Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July.

Sales 321
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5 predictions for the 2022 housing market

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 545
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Building Materials Prices Increase 1.5% in December, Lumber Volatility at 75-Year High

Eye on Housing

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products. Building materials prices increased 15.9% in 2021 and have risen 18.6% since December 2020.

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Foreign Buyers Own 1 In 10 Recently Built Condos In Canada, 1 In 20 Homes In Total

Better Dwelling

Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently […].

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The 2025 Real Estate Roadmap to Success

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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Renting a House Is Getting Way More Expensive. Is It Time to Buy?

Lighter Side of Real Estate

Prices for everything have been going up—from food, to gas, to services, and people are getting less for the dollar. Rents are no exception. After an unprecedented period of time where renters could more or less just cite COVID as a reason to not pay rent, the moratoriums on evictions are gone and rents are roaring higher—particularly with single-family rental houses.

Mortgages 145
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What Problems Must Be Fixed After a Home Inspection

Maximum Exposure Real Estate

Are Fixes Mandatory For A Seller After an Inspection? Many potential buyers ask if a seller must make fixes after a house inspection. The answer is no. There are no mandatory repairs for a home seller after the home inspection. There are no legal requirements for a seller to change their property when selling. It […]. The post What Problems Must Be Fixed After a Home Inspection appeared first on Massachusetts Real Estate Exposure.

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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently.

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A Recipe for Style: Five Fabulous Kitchens

Sotheby's International Real Estate

With their effortless floor plans, superior appliances, and refined surfaces, these kitchens blend functionality, comfort, and style. El Molino. Montecito, California | Maureen McDermut & Maureen Martinez, Sotheby’s International Realty – Montecito – Coast Village Road Brokerage. Originally an olive-crushing mill, this elegant estate in the desirable Golden Quadrangle is one of Montecito’s oldest homes.

Brokerage 144
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Get the Most Out of Your Educational Social Media Content

RIS Media

When it comes to leveraging social media to drum up business in the new year, providing content that educates your audience on real estate is a great way to promote and build trust in your brand. With access to market data and other valuable information, agents can build a winning digital marketing strategy to package and present their educational content on social media.

Agents 144
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Erin and Ben Napier Reveal the Fine Line Between Decor That’s Trendy vs. Just Plain Dated

Realtor.com

HGTV On “Home Town,” Erin and Ben Napier know that old trends usually come back in style. Perhaps that’s why they’re such big fans of “ grandmillennial ” design. In the Season 6 episode “Grandmillennial,” Erin and Ben meet with Rebekah Staples , Erin’s friend since junior high. Staples has been living in Jackson, MS, but is now moving back to Laurel.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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8 Things to look for when buying a house: Expert advice

The Mortgage Report

Learn what to look for when buying a house. Real estate and housing experts share their best tips.

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Sellers: Don’t Wait Until Spring To Make Your Move

Keeping Current Matters

As you plan out your goals for the year, moving up to your dream home may top the list.

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Home affordability plummeted in fourth quarter

Housing Wire

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report , between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth.

Lending 535
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Bank of Canada Raising Rates Can Drop Real Estate Sales Over 50%: BCREA

Better Dwelling

Canada’s central bank is preparing to raise rates, and everyone is trying to guess what this means. The BC Real Estate Association (BCREA) is the latest to forecast the impact of a rising overnight rate. If the Bank of Canada (BoC) hikes as expected, BC home sales will see a modest decline. Home sales are […]. The post Bank of Canada Raising Rates Can Drop Real Estate Sales Over 50%: BCREA appeared first on Better Dwelling.

Banks 143
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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8 Games You Probably Don’t Want to Play Against Real Estate Agents

Lighter Side of Real Estate

Game nights can be a great way to relax with friends and family, and have some fun and laughs. But they can also bring out the competitor in people. It’s all fun and games until someone is getting their butt whooped! If you love playing games, but love winning even more, you might want to think twice about challenging a real estate agent when it comes to some games.

Agents 143
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Land Purchase Loans: What to Know About Getting a Lot Loan

Maximum Exposure Real Estate

What to Know About Mortgages For Land Are you planning to buy a plot of land to build a new home? Are you investigating a land loan? If you need financing, you may find it more challenging to get a loan for land from traditional lenders. Land loans are a more specialized finance product available […]. The post Land Purchase Loans: What to Know About Getting a Lot Loan appeared first on Massachusetts Real Estate Exposure.

Land 143
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Home Is Where the Health Is: 5 Homes Perfect for a Healthy Lifestyle

Sotheby's International Real Estate

A daily wellness routine is no sweat when a home enjoys its own top-tier fitness equipment, private lap pools, professional-caliber sports courts, and flourishing vegetable gardens. Luxurious Living in Dumbo. Brooklyn, New York | The Heyman Team, Sotheby’s International Realty – Downtown Manhattan Brokerage. Offering 4,565 square feet of sophisticated living and entertaining space along with an enviable terrace, this five-bedroom residence is a chic aerie full of light that revels in views

Brokerage 141
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With Mortgage Rates Climbing, Now’s the Time To Act

Keeping Current Matters

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%.

Mortgages 309
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Unemployment rates and mortgage rates both under 4%

Housing Wire

Today, the Bureau of Labor Statistics reported that 199,000 jobs were created in December — a miss from estimates. They also reported we had 141,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 3.9% and we had another big print from the household survey which showed 651,000 jobs gained. For men and women age 20 and over, the unemployment rate is currently at 3.6%.

Mortgages 533
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Should you build or buy a house in 2022?: Cost comparison

The Mortgage Report

Is it cheaper to build or buy a house? Endless variables can change the answer. But this article can help you weigh the costs and benefits of both options.

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What is Sustainable Interior Design — And Why Does It Matter?

HomeLight

Sustainable interior design isn’t just about environmental impact. It’s about creating a home environment that holistically supports its residents, their communities, and indeed the larger global community. That might sound like a tall order for a set of home design choices, but experts underscore the wide-ranging impacts of the undertaking. If it all sounds daunting — and expensive — consider that sustainable interior design is scalable for all budgets and ambitions.

Design 139
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The Bank of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan

Better Dwelling

America’s largest bank is making a bold call for Canada’s central bank — it will raise rates within days. JP Morgan (JPM) economist Silvana Dimino shared their forecast for Canadian interest rates. JPM sees the Bank of Canada (BoC) hiking the overnight rate five times in 2022, sending it 500% higher. Most surprising is how […]. The post The Bank of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan appeared first on Better Dwelling.

Banks 139
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Inside the Retreat at Moonstone Beach

Sotheby's International Real Estate

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of roll

Land 140
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What’s Going To Happen with Home Prices This Year?

Keeping Current Matters

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021.

Marketing 308
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Mortgage delinquency rate reaches prepandemic levels

Housing Wire

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

Mortgages 531
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Should you apply for a mortgage online? Pros and cons of digital mortgages

The Mortgage Report

When you apply for a mortgage online with an all-digital lender, it will likely be faster and easier. But that doesn't always mean rates will be lower.

Mortgages 137
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

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Impacts of Rising New Home Costs

Eye on Housing

Only 15% of buyers were looking for a newly-built home at the start of 2018, but that share shot up to 42% by the final quarter of 2020 (after the start of the pandemic). Since then, however, interest for new construction has fallen steadily, as costs for building materials – especially lumber – have experienced double-digit growth. By the final.

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Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank

Better Dwelling

Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]. The post Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank appeared first on Better Dwelling.

Banks 139
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Introducing Pantone’s 2022 Color of the Year | A Conversation with Leatrice Eiseman

Sotheby's International Real Estate

Photo Courtesy of Leatrice Eiseman. Pantone’s Color of the Year is a highly anticipated announcement for design aficionados and consumers alike, and the color institute’s heralded shade for 2022 is Very Peri—a blue hue with warm red undertones that “encourages personal inventiveness and creativity”. As expected, there are many factors at play when making this selection.

Design 138
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Why Inflation Shouldn’t Stop You from Buying a Home in 2022

Keeping Current Matters

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more.

Marketing 306
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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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.