Housing Wire
MAY 26, 2022
It’s an excellent time to discuss housing inventory. The housing market shifted in March of this year. As the 10-year yield broke above 1.94% and mortgage rates rose, we saw the impact on housing data. Since the summer of 2020, this has been my main talking point on what can cool down housing ; it’s a 10-year yield above 1.94% , meaning rates above 4%.
Realty Biz
MAY 15, 2022
When you are looking to sell your home, it is essential to have a fair and accurate price. Overpricing leads to failure. Under pricing leads to money left on the table. On the other hand, when you’re buying a home, the last thing you want to do is overpay. This is where “comps” come into play. Real Estate comps are comparable properties that have recently sold in your general area.
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Keeping Current Matters
MAY 19, 2022
A recession does not equal a housing crisis.
Eye on Housing
MAY 17, 2022
In a sign that the housing market is now slowing, builder confidence took a steep drop in May as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand. Builder confidence in the market for newly built single-family homes fell eight.
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.
Lighter Side of Real Estate
MAY 4, 2022
Do you have a neighbor that annoys you? The chances are, you do! According to this REALTOR Magazine article , a recent survey done by Lending Tree revealed that 75% of Americans don’t like their neighbor. What bugs people about their neighbors the most? Take your pick: They give off a “weird vibe” (28%). They’re too loud (27%). They’re rude (27%). Disruptive pets (17%).
Sotheby's International Real Estate
MAY 7, 2022
From a Cape Cod cottage to a villa with a view of the Pacific, these six properties prove that a retreating to a summer rental can be as luxurious and stylish as staying home. Idyllic Amagansett Escape. Beth Felsen | Sotheby’s International Realty – East Hampton Brokerage. Amid 1.7 acres of greenery, this Amagansett home is a dreamy getaway near local farm stands and beaches.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
MAY 1, 2022
Tips For Beating Cash Offers. If you are looking to buy a home in a hot seller’s market, there is a strong likelihood you’ll be up against buyers who will be making a cash offer. If you’ve lost out already to cash buyers, you’re probably wondering what you can do to potentially level the playing field. A cash offer on a house is undoubtedly hard to beat.
Keeping Current Matters
MAY 11, 2022
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs.
Eye on Housing
MAY 20, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a year-over-years gain for the first quarter of 2022. There were 46,000 total custom building starts during the first quarter of the year. This marks a 28% increase from the first quarter of 2021. Over the last four quarters, custom housing.
Maximum Exposure Real Estate
MAY 2, 2022
If you have never bought or sold a home before, you may wonder what a clean or clear title means? A clear title is a vital factor in real estate transactions. It means that there are no outstanding mortgages, liens, judgments, claims, or other encumbrances against the property. If an owner of a home has […]. The post What is a Clean Title in Real Estate appeared first on Maximum Real Estate Exposure.
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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.
Sotheby's International Real Estate
MAY 24, 2022
Haute couture icon Gianni Versace was renowned for his use of vivid colors, bold prints, and a general reverence for luxurious classicism. In the 1980s, he expanded his empire to include housewares, furnishings, and textiles and eventually applied his talents to stage designs for operas, ballets, and other productions. Versace employed his skills from all these arenas in the curation of his own home, this grand six-level Baroque Italian palazzo one block from Central Park, which he purchased in
Housing Wire
MAY 24, 2022
A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. However, they have several more pressing priorities when it comes to what they’re investing in. Out of 200 senior mortgage executives surveyed, who represent 188 lending institutions, 94% think that appraisal modernization efforts will simplify the origination process.
Realty Biz
MAY 4, 2022
Nowadays, it seems like everybody is looking for ways to make their homes more unique and beautiful. But sometimes, it’s tough to find the motivation to make big improvements. This is where small, simple, and inexpensive home improvement projects come in handy. If you’re looking to add some instant value to your home and don’t have the time or money to spend on huge renovations, try these 8 easy home improvement projects that will transform your home and give you a boost of mot
Keeping Current Matters
MAY 20, 2022
Some Highlights. If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say. Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents. Experts say owning a home is historically a good hedge against inflation.
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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.
Eye on Housing
MAY 12, 2022
According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 0.5% in April, following upwardly revised increases of 1.9% and 2.4% in March and February, respectively. This adds up to an 4.9% increase in building materials prices since the start.
HomeLight
MAY 31, 2022
Of all of the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. If you’re planning to sell your home and want to understand where to invest your time, energy, and money in remodeling projects that will increase value , you need to take a hard look at your flooring. “Besides the basics like your roof and mechanical things, flooring is the next most important factor that influences how buyers feel about your home.
Sotheby's International Real Estate
MAY 21, 2022
These stylish compounds—from California to Connecticut—are ideal private retreats perfect for swimming, stargazing, sports, or simply relaxing indoors and out. California Country Club Compound. Lea Johnson, Sotheby’s International Realty – Malibu Brokerage. This classic California compound enjoys a premier location in the gated North Ranch Country Club Estates of Westlake Village.
Housing Wire
MAY 19, 2022
Purchase mortgage rates this week averaged 5.25%, down five basis points from a week ago , as some individuals put the American homeownership dream on standby due to higher rates and surging home prices, according to the latest Freddie Mac PMMS. This time a year ago, the 30-year fixed-rate purchase rates were at 3%, the report shows. The government-sponsored enterprise (GSE) index accounts for just purchase mortgages reported by lenders during the past three days.
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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.
Maximum Exposure Real Estate
MAY 23, 2022
Have you ever heard the term “hoarded house” and wondered what it meant? A hoarder house is a property that a homeowner or tenant has overfilled with excessive personal items. Hoarding can occur in a single-family home, condo, townhouse, or apartment. Hoarding disorder is a mental problem that causes people to accumulate excessive amounts of […].
Keeping Current Matters
MAY 13, 2022
Some Highlights. If you’re deciding whether you should make updates before you sell your house, lean on your trusted real estate advisor to be your guide. In today’s sellers’ market, buyers have limited options and may be more willing to take on repairs themselves. If you’re thinking about selling your house, connect with a real estate professional so you have expert advice that’s customized to your home and local area.
Eye on Housing
MAY 19, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2022 single-family attached starts totaled 36,000, which is 16% higher than the first quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000).
Realty Biz
MAY 11, 2022
An interesting listing description is likely to get more attention from a buyer than one that is not. When you’re selling a home, the description of your property is very important. In fact, the description is of equal importance to the listing photos. You want to make sure that people see what they’re looking for and that you’re portrayed in the best light possible.
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.
Sotheby's International Real Estate
MAY 9, 2022
Harald Grant & Bruce Grant – Sotheby’s International Realty – Southampton Brokerage. Nautical aesthetics permit you to pamper yourself with an oceanside retreat and not even have to pack a bag — or live near the ocean, for that matter. You can bring coastal inspiration to any space and recreate the tranquility of the salt-scented wind and open water at home through design. .
Housing Wire
MAY 18, 2022
The U.S. Census Bureau released their new residential construction report for April, showing a miss on the estimate and a negative revisions data line, which I believe is lagging behind the current market reality. Housing starts came in at 1.724 million , and housing permits came in at 1.819 million — both are still very healthy numbers. However, the sting of higher mortgage rates is hitting the single-family construction data, and the real story is that the housing completion data, which has be
Lighter Side of Real Estate
MAY 11, 2022
If you’ve been considering buying a house — or if you’re actually in the process — you’ve probably heard two things quite a bit lately: Interest rates are on the rise. They’re still historically low. Yes, they are still historically low, but that doesn’t change the fact that they’re higher than if you’d just bought a house a little while ago. Kind of painful to hear, huh?
Keeping Current Matters
MAY 26, 2022
You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones.
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.
Eye on Housing
MAY 25, 2022
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. According to first quarter 2022 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area inched down to 2,310 square feet. Average (mean) square footage for new.
Realty Biz
MAY 22, 2022
Time marches on, and so does the sophistication of the technologies we use in our everyday lives like AI. Whether they’re for personal use or those we leverage in our professional endeavors, new software technologies like artificial intelligence are getting smarter, stronger, and more ubiquitous every day. . The real estate industry is no exception, either – the use of AI has grown by leaps and bounds over the past few years, and this trend shows no signs of slowing down.
Sotheby's International Real Estate
MAY 31, 2022
Taking its name from the Italian city known as the birthplace of the Renaissance—with iconic art and architectural landmarks serving as reminders of that illustrious history—this majestic estate on 9.85 acres in Los Angeles lives up to its namesake with its eye-catching style, abundant Old World elements, and a dedication to luxury and refinement. The compound encompasses a magnificent main palazzo, a grand motor court with manicured hedges and a classical fountain, multiple expanses of lush eme
Housing Wire
MAY 12, 2022
Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered equity rich, a year-over-year jump that boosted 13% more homeowners into the prime position. A homeowner is considered equity rich when they have at least 50% equity in their home, a feat more easily accomplished when skyrocketing home price appreciation widens the gap between what someone owes on their mortgage and the value of their house.
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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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