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Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.
The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space. 69% of respondents want a home office (48% wanted multiple offices). 46% of respondents want a multi-function room/flexible space. 42% of respondents want an au pair/in-law suite. 39% of respondents want an exercise room/yoga space
The housing market continues to be hot in most of the country, but there are signs that the party may be coming to an end. To help better understand what the latest data means for the industry, HousingWire Lead Analyst Logan Mohtashami answered questions about what it all means. The Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.
The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold. Rather […]. The post The World Has Millions of Vacant Homes, and 1.3 Million Are In Canada: OECD appeared first on Better Dwelling.
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.
Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages. Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.
Sometimes the scariest thing in the job of a real estate agent isn’t a mile long inspection report detailing foundation issues, or seeing your buyer pull up in a new car before their mortgage is approved. From the just plain weird to the downright freaky, the crazy situations agents find themselves in would surprise anyone who hasn’t been in the biz.
Fixer-Uppers – Things To Keep in Mind Are you considering buying a home that needs work? Buying fixer-upper houses can be a good move in certain circumstances. On the surface, the idea of purchasing a fixer-upper for cheap and selling it for a high price seems like a no-brainer. But it is essential to move […]. The post Fixer Upper Homes: What Are The Pros and Cons to Buy One appeared first on Massachusetts Real Estate Exposure.
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Fixer-Uppers – Things To Keep in Mind Are you considering buying a home that needs work? Buying fixer-upper houses can be a good move in certain circumstances. On the surface, the idea of purchasing a fixer-upper for cheap and selling it for a high price seems like a no-brainer. But it is essential to move […]. The post Fixer Upper Homes: What Are The Pros and Cons to Buy One appeared first on Massachusetts Real Estate Exposure.
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.
Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Typical sellers received two offers, which is the same as the past three years.
Canada’s biggest bank found more people are trading life in the big city for Atlantic living. RBC economist Carrie Freestone crunched the numbers of interprovincial migration for Q2 2021. She found prime demographics are finding their way to Atlantic Canada. The migration was mostly from expensive provinces like Ontario and Alberta. Atlantic Canada Just Saw […].
Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing has continued to expand in 2021, although as the rest of the economy recovers, the housing.
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.
When you’re selling your home, choosing the right real estate agent is one of the most important parts of the process. A great real estate agent can help you sell your home quickly, profitably, and with as little stress as possible—while a not-so-great agent can make the process longer and more frustrating than it needs to be. So, what’s the key to making sure that you choose the right agent for your home sale?
Over the past year, a few of my clients have asked me what is coming soon real estate marketing and how it works. If you have paid much attention to the real estate market lately, you have probably noticed “Coming Soon” on the occasional yard sign or certain Zillow listings. The coming soon real estate […]. The post Pros and Cons of Coming Soon Real Estate Marketing appeared first on Massachusetts Real Estate Exposure.
Even in a hot sellers’ market like today’s in which homes are selling so quickly, it’s still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment. Here are four simple tips to make sure you maximize the sale of your house this fall. 1.
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
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.
Canada’s central bank is increasingly feeling the pressure from inflation. Desjardins, the country’s largest cooperative financial group, accelerated its interest rate forecast. They see the Bank of Canada (BoC) hiking rates a quarter earlier than previously expected. Elevated inflation is what’s behind the change, and it’s going to push the cost of mortgages higher.
Sotheby’s International Realty today announced that Reside Realty Ltd. has joined the network and will now operate as Jamaica Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and comes at a time of increased interest in secondary and resort markets. The addition follows the brand’s recent expansion into St.
There’s no denying that the recent market has been tough for buyers. Thanks to historically low inventory, many would-be buyers have been unable to successfully find and purchase a home. But it looks like that’s starting to change. According to the September Housing Report from realtor.com , available inventory in the United States (which the report defined as active listings on realtor.com without a contract) hit 646,053 homes in September—a high for 2021.
Rent Your House or Sell It? If you are thinking about leaving your old house behind for a different one – to upgrade, to downsize, to relocate, or for some other reason – you are probably thinking the same thing most people in your situation do: “Should I rent my house, or should I sell […]. The post Is Renting or Selling My Home The Best Decision appeared first on Massachusetts Real Estate Exposure.
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.
The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “ Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap.
Skyrocketing U.S. home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. The median home price nationwide in August increased 14.9% from a year ago to $356,700, according to the National Association of Realtors. August marked the sixth consecutive month where median home prices increased by double-digit percentages from a year ago.
Pour one out for Canada’s cheaper-than-cheap flood of easy credit, because it’s on its way out. Today the Bank of Canada (BoC) announced their quantitative ease (QE) program is coming to an end. The program, which floods markets with cheap debt, was used to drive inflation and home sales higher. Now that these issues have […]. The post The Bank of Canada Is Killing The Program That Helped Home Prices Soar appeared first on Better Dwelling.
Atami, Japan | List Sotheby’s International Realty. Seeking peace, harmony, and tranquility at home? Perhaps it’s time to embrace the minimalism, artisanal craftsmanship, and traditional features that make Japanese design so inviting. Though Japandi style—a combination of classic Japanese and streamlined Scandinavian aesthetics—is topping trend lists this year, the foundational components of Japanese design are truly timeless.
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.
It’s one thing for a real estate agent to tell you about the dangers of buying big-ticket items (like a car), racking up your credit card bills, or opening up new credit cards until your mortgage is approved and closed. But it hits a whole lot closer to home when a home buyer warns you of the danger through tears of sadness. Watch Cassidy Gard’s emotional TikTok video about how simply opening a Home Depot credit card for a $9 purchase is likely going to cause her not to be able to buy a house.
Check For Potential Issues When Buying Your First House Do you understand what’s needed for due diligence in real estate to be completed? If you are a first-time homebuyer, you are probably doing all the research to ensure you don’t make any mistakes. The homework you are doing now is essential because there is a […]. The post Due Diligence For Home Buyers: What You Need to Check appeared first on Massachusetts Real Estate Exposure.
If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now.
The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 million. Now that we are just 10 days away from Halloween in 2021, we can all chuckle a bit at how wrong the housing bears of 2020-2021 have been. Especially all those crazy cats on YouTube forecasting the 2021 collapse of housing due to forbearance.
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.
Updated October 4, 2021. The typical home buying process goes something like this: You save up your cash , get preapproved for a mortgage , and put an offer on a house that fits your budget. The offer is accepted; then, you sign the loan, grab the keys, and move in. But what if that sequence of events doesn’t work for everyone? Sometimes you don’t have enough cash saved up for a down payment , or you’re between jobs and can’t qualify for a loan.
Whether they’re sculptural and contemporary or forged from Baccarat crystal, distinctive light fixtures make each of these homes shine. Magnificent Contemporary Farmhouse. San Francisco, California | Dana Cappiello, Sotheby’s International Realty – San Francisco Brokerage. This one-of-a-kind home is replete with showstopping spaces, each with unique details that include eye-catching light fixtures.
How to Declutter Your Home. It is always a good idea to declutter your home. It is easy to accumulate too much stuff and clutter the longer you have lived in a home. Unless you are very good at purging items at least once a year, items just manage to accumulate. The more stuff you have the more you will have to keep it clean! Decluttering a home may not be something that everyone is up to, however it is a good idea to keep the clutter to a minimum.
Moving Change of Address Checklist Who are the most important people and organizations to notify when you are moving? An excellent question, right? When you move, it is essential to understand who should know you’re changing your address. A change of address checklist is necessary not to forget who should know about your new location. […].
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.
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