Sat.Jan 29, 2022 - Fri.Feb 04, 2022

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6 Mortgage Mistakes to Avoid

Realty Biz

For most people, buying a home is the largest financial decision they’ll make in their lifetimes. It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). 1. Draining Cash Reserves for a Down Payment.

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The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Keeping Current Matters

Mortgage rates have increased significantly since the beginning of the year.

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Boost Your Reputation With These 5 Tips

RIS Media

Your reputation isn’t just built by word-of-mouth anymore—potential clients are often checking you out online before they even get in touch with you. They’ll look at your social media profiles, blog posts, listing, reviews, and other places where your name appears on the Internet to get a full sense of your online image. In fact, statistics show that 42% of consumers look someone up before they decide to do business with them.

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Santander Bank to stop originating mortgages in the United States

Housing Wire

Amid higher rates, lower volumes, and fiercer competition , Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish bank said it will continue to service current loans and honor pending borrowers’ applications.

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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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Tips For Beating Cash Buyers on a Home

Maximum Exposure Real Estate

How To Compete With A Cash Real Estate Offer Do you want to know how to beat a cash offer on a house? Whenever real estate markets turn to favor sellers, the odds of being up against multiple offers for a home increases. The chance of a bidding war increases exponentially in a hot market. […]. The post Tips For Beating Cash Buyers on a Home appeared first on Massachusetts Real Estate Exposure.

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How Remote Work Impacts Your Home Search [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search. Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space. If you want to learn about how remote work can give you more options, partner with a local real estate professional to discuss your situation and prioritie

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Here are 4 macro trends impacting 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 predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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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.

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Owning Is More Affordable than Renting in the Majority of the Country

Keeping Current Matters

If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider.

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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.

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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.

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CoreLogic: home price appreciation will cool in 2022

Housing Wire

Home prices across the nation climbed 18.5% year-over-year in December, according to a monthly report published by CoreLogic. On a month-over-month basis, home price gains rose by 1.3% in December 2021 compared to November. Consumer desire for homeownership paired with a low supply of for-sale homes were the main contributors to a red-hot housing market in 2021.

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Living the High Life: 5 Fabulous Penthouses

Sotheby's International Real Estate

From Manhattan to Houston, these four enviable homes are perched on their buildings’ highest floors, where they enjoy consummate privacy, vistas, and style along with amenities that go above and beyond. Sophistication and Sea Views. West Palm Beach, Florida | Christine Gibbons, Sotheby’s International Realty – Palm Beach Brokerage. Sleek modern style and unobstructed views of the ocean and Intracoastal Waterway are hallmarks of this rare three-bedroom penthouse high above famed Flagler Dri

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Millions of Americans Have Discovered the Benefits of Multigenerational Households

Keeping Current Matters

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members.

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Lumber Prices in 2020 and 2021 Set Record Highs Even When Adjusted for Inflation

Eye on Housing

Most analyses of lumber price trends and levels fail to account for inflation because the price data for softwood lumber used in framing applications is generally quoted using the Random Lengths Framing Lumber Composite Price or lumber futures prices–neither of which is inflation-adjusted.

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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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Mortgage apps climb 12% on spike in refi demand

Housing Wire

Mortgage applications increased 12% from the previous week due to a surprising uptick in demand for “refis” as borrowers try to secure a lower rate , according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 28. The seasonally adjusted Refinance Index rose 18.4% in the same period. Meanwhile, the Purchase Index increased 4%.

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Are Stick Built Homes Better Than Modular Homes?

Maximum Exposure Real Estate

When you buy a home or have new construction built, you have lots of choices to make. It can be a confusing experience with new terms to understand and decide on. One such decision is the type of home to choose from. A standard comparison is modular homes versus stick built. While you might not […]. The post Are Stick Built Homes Better Than Modular Homes?

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Why a Move Could Bring You More Happiness This Year

Keeping Current Matters

Over the past two years, we’ve lived through one of the most stressful periods in recent history.

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December Gains for Private Residential Spending

Eye on Housing

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% in December after an increase of 0.7% in November 2021. Spending stood at a seasonally adjusted annual rate of $810.3 billion. Total private residential construction spending was 15.0% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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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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US job growth records strong start to the year

Housing Wire

After two months of disappointing job growth, the U.S. jobs report released Friday shows that 467,000 non-farm payroll jobs were added in January. Despite this increase, the unemployment rate rose slightly to 4.0% in January from 3.9% in December. The unemployment rate remains higher than the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.

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Top 8 Renovations to Increase Home Value in 2022: Offices and Outdoors Rank High

HomeLight

The pandemic cast our homes in a whole new light and subsequently shifted which renovations increase home value. Our abodes are now places to relax and recharge one moment, work without commuting to the office the next, and “vacation” without leaving town when needed. Kitchens and baths still matter to buyers, but now a home office and outdoor entertainment rival these spaces in importance.

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Brooklyn ‘Starter’ Homes Scarce as Real Estate Prices Hit New High in Borough

Brownstoner

Despite the pandemic -- and, actually, because of it -- real estate prices in Brooklyn continued their upward climb in 2021, fourth quarter market reports show. Analysts predict a strong sales market in 2022, barring any unexpected calamity such as a global financial crash. Brooklyn prices have been rising dramatically since… Read More > The post Brooklyn ‘Starter’ Homes Scarce as Real Estate Prices Hit New High in Borough appeared first on Brownstoner.

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20% off CREtech San Diego March 22nd-23rd

GeekEstate

[Editor’s Note: Geek Estate Offers are special offers members of the GEM ]. CREtech is THE place for news and events for the commercial real estate industry. In a few weeks (March 22nd-23rd), they are putting on the west coast version of their conference… in sunny San Diego. All of the major tech trends in office, industrial, retail and multifamily including CoWorking, Data, A.I., ConTech, tenant experience and more will be discussed by those leading the tech revolution in CRE.

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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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Positive jobs report sends bond yields higher

Housing Wire

Today, the Bureau of Labor Statistics reported that 467,000 jobs were created in January. This was a big surprise as some people, including me, thought the rise in the number of sick days being reported could impact this month’s job report. One of the factors I’ve cited over the last few months is that we should see more positive revisions occur in the future.

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How to Write Neighborhood Pages That Attract Buyers

Jason Fox

How to Write Neighborhood Pages That Attract Buyers. A popular neighborhood with a good reputation can be enough to entice people to search and buy property in the area, even if they are coming from outside of it. Creating neighborhood pages can help you capitalize on the popularity of a given area and bring more attention to any listings you have in that.

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Once Again, High Home Prices Are to Blame

Eye on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the final quarter of 2021 have spent 3+ months searching for a home without success. The inability to find a home they could afford once again became the most common reason (41%) these long-time searchers could not buy a home. .

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How to Get Through a Structural Home Inspection and What to Expect

HomeLight

Structural issues can wreak havoc on your home. They can cause cracked walls, sloping floors, sagging roofs , and leave your residence vulnerable to pests and water damage. Though the risk of finding structural problems increases in aging homes, in new and old homes alike sloppy construction can be another culprit. While serious structural defects are rare , when red flags pop up, general home inspectors often refer buyers and sellers to professionals, like structural engineers, who can conduct

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Mortgage rates hold steady at 3.55%?

Housing Wire

The average 30-year-fixed rate mortgage remained flat for the third consecutive week at 3.55% for the week ending Feb. 3, reflecting the impacts of the Omicron variant in the economy, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.73%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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Electronic Signatures and Authorizations in the Rental Industry

GeekEstate

While the concept of electronic signatures and authorizations was around well before the COVID-19 pandemic, the last couple of years has certainly shined a new light on these kinds of digital transactions. Data shows that tenants with online rent payment options have remained more likely to pay rent on time and in full throughout the social distancing and stay-at-home orders of the pandemic, and the rental industry as a whole has adopted many other virtual practices to keep things running smooth

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Living the Good Life on Eastern Parkway

Brownstoner

Developed in the early twentieth century, a time when the apartment house was coming into its own, Eastern Parkway is a panorama of grand apartment buildings. This was something of an accident. The area was originally intended by the city of Brooklyn to become Prospect Park and then, when that… Read More > The post Living the Good Life on Eastern Parkway appeared first on Brownstoner.

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What Is Fair Market Value (FMV) and How Do I Determine What My Home Might Be Worth?

HomeLight

All the fun memories you have enjoyed in your home are priceless. But the house itself will get a certain price when you sell it, often based on its fair market value (FMV). But what is fair market value? How is it determined? And how is it different from market value or appraised value? To get you the best answers, we asked award-winning real estate agent Kent Pratt from Missoula, Montana, and certified residential appraiser Paul Angrisano from Baton Rouge, Louisiana.

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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.