Real Trends
NOVEMBER 17, 2022
The real estate industry has radically evolved over the past decade, probably changing more in the past 10 years than it had in the preceding 50. Smart real estate agents need to keep up with new trends and strategies , or they risk falling behind the market. Let’s look at some of the most outdated real estate marketing strategies you might still be using — and talk about why you should leave them behind.
Keeping Current Matters
NOVEMBER 1, 2022
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home.
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Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
Top Questions to Ask When Buying a Condominium. The questions to ask when buying a condo found below are something every buyer should consider when purchasing this type of housing. I would be willing to bet that many of these questions are topics that many buyers would have ever thought to ask. Purchasing a condominium […]. The post Questions To Ask Before Buying A Condominium appeared first on Maximum Real Estate Exposure.
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.
Eye on Housing
NOVEMBER 15, 2022
The prices of building materials decreased 0.2% in October (not seasonally adjusted) following a 0.5% decline in September according to the latest Producer Price Index (PPI) report. The index has decreased four of five months for the first time since 2015. The PPI for goods inputs to residential construction, including energy, was led 0.2% higher by prices of diesel fuel (+9.5%).
Housing Wire
NOVEMBER 16, 2022
Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Jason Fox
NOVEMBER 23, 2022
3 Easy Marketing Tips To Grow Your Real Estate Business. Realtors are known to wear many hats in order to be successful in selling and listing homes. From negotiations, listings, staging, and closing, it can be hard for Realtors to find the time to market for new clients. While juggling so many different roles is difficult, Realtors to know what marketing is worth their time!
Keeping Current Matters
NOVEMBER 16, 2022
There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house.
Maximum Exposure Real Estate
NOVEMBER 30, 2022
Signs Roofing Replacement is Necessary One of the questions that any homeowner should be asking themselves if they have a roof that is getting up in age is, “how do I know if replacement roofing is necessary? For obvious reasons, your roof is one of the most essential parts of your home. Without it, you […]. The post Replacement Roofing: Warning Signs You Need a New Roof appeared first on Maximum Real Estate Exposure.
Better Dwelling
NOVEMBER 7, 2022
Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]. The post Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023?
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Housing Wire
NOVEMBER 16, 2022
Mortgage demand rose as rates dropped following the October slowdown in inflation growth numbers. However, while purchase mortgage applications increased across all loan types, refinance activity remained depressed. The market composite index, a measure of mortgage loan application volume, increased 2.7% for the week ending November 11, according to the Mortgage Bankers Association (MBA).
Eye on Housing
NOVEMBER 23, 2022
New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.
Realtor.com
NOVEMBER 11, 2022
monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Real estate agents agree that long before you peruse listings or check out open houses, you should talk to a lender about your credit score, so that you can secure a mortgage. “Talk to your bank or a reputable mortgage company to see what you qualify to purchase,” explains Rosanne Nitti ,
Keeping Current Matters
NOVEMBER 4, 2022
Some Highlights. If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership. As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 2% since 1991. Homeownership wins in the long run. If you’re ready to buy a home, reach out to a local real estate professional today.
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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.
Maximum Exposure Real Estate
NOVEMBER 8, 2022
How Do Assessed Value and Market Value Differ? Do you know the difference between assessed value vs. market value? If you think assessed value and market value have any correlation with one another, then you are wrong! You will discover the difference between assessed and fair market real estate values as you read further. Over […]. The post Understanding Property Assessed Values Compared to Market Value appeared first on Maximum Real Estate Exposure.
Better Dwelling
NOVEMBER 22, 2022
Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]. The post Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada appeared first on Better Dwelling.
Housing Wire
NOVEMBER 10, 2022
Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle? Let’s take a look at today’s data.
Eye on Housing
NOVEMBER 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.
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Bigger Pockets
NOVEMBER 5, 2022
When investing in real estate through a 1031 exchange, many investors start with single-family, multifamily, or commercial properties. Each of these property types is a tried-and-true investment option with the […].
Keeping Current Matters
NOVEMBER 9, 2022
Now that the end of 2022 is within sight, you may be wondering what’s going to happen in the housing market next year and what that may mean if you’re thinking about buying a home.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
How to Sell a House With Mold I am selling my home and found mold! Now what? What to do about selling a house with mold is a question real estate agents get quite a bit. The potential is there for mold to be found in almost every home. Where there is any amount of […]. The post Selling A House With Mold: What Does Black Mold Look Like? appeared first on Maximum Real Estate Exposure.
Realtor.com
NOVEMBER 17, 2022
Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Recent data from the National Association of Home Builders and the U.S. Census Bureau found that the price for a newly built home currently hovers at a national median of $436,800.
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
NOVEMBER 9, 2022
While mortgage rates are high and economic uncertainty looms, there is good news for borrowers who already have a mortgage and may be looking to tap into their equity. According to Black Knight’s mortgage monitor report, the country’s housing equity position remains strong compared to its position at the beginning of the pandemic, with equity positions $5 trillion, or 46%, above pre-pandemic levels.
Eye on Housing
NOVEMBER 1, 2022
Higher interest rates are pricing out some (not all) buyers, but also transforming remaining prospects into active buyers. In the third quarter of 2022, 59% of prospective buyers had moved beyond the planning phase and become fully engaged in the buying process, up from 46% in the first quarter and 49% in the second quarter of the year. The share.
GeekEstate
NOVEMBER 16, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: PropStream]. PropStream consolidates real estate data and tools for investors, agents, brokers, property managers, and other real estate professionals. Users gain access to nationwide property data sourced from county recordings, MLS records, and private data sources, resulting in over 160 million properties in America—including distressed and off-market properties.
Keeping Current Matters
NOVEMBER 23, 2022
If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.
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.
Maximum Exposure Real Estate
NOVEMBER 29, 2022
What is an Expired MLS Listing? Have you heard a real estate agent reference an expired listing? You probably wondered what it meant. Expired listings happen when there is no success in selling, and they fall out of the Multiple Listing Service. You will likely sign an exclusive right-to-sell listing agreement when you sell your […]. The post Expired MLS Listing in Real Estate Explained appeared first on Maximum Real Estate Exposure.
Realty Biz
NOVEMBER 2, 2022
Buying a home is likely the largest purchase you’ll ever make. In today’s competitive housing market, even buyers who saved a hefty down payment might end up paying more for their home than they planned. It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing.
Housing Wire
NOVEMBER 28, 2022
Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. went into a recession earlier in the year.
Eye on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
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