Housing Wire
AUGUST 11, 2020
August is upon us, and the growth in the rate of new infections appears to be slowing. Vaccine development is progressing with some promising early results. The time has come to start thinking about what life will be like on the other side of this crisis. What can we expect post COVID-19? Logan Mohtashami Lead Analyst. Some things will not have changed.
Keeping Current Matters
AUGUST 11, 2020
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two. The Biggest Perk for Buyers: Low Mortgage Rates.
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Eye on Housing
AUGUST 14, 2020
Over the first six months of 2020 – and after the onset of the impact of the coronavirus – total single-family permits issued year-to-date (YTD) nationwide reached 433,484. On a year-over-year (YoY) basis, this is an 3.8% increase over the June 2019 level of 417,453. Year-to-date ending in June, single-family permits across the four regions ranging from an increase of.
Realtor.com
AUGUST 13, 2020
Witthaya Prasongsin / Getty Images These days, things are changing so fast, it’s tough to keep up. That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. You may have heard, for instance, that everyone can score a record-low interest rate, or that refinancing is a no-brainer, or that mortgage forbearance m
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.
Housing Wire
AUGUST 12, 2020
Mortgage applications were back up 6.8% last week, according to a report from the Mortgage Bankers Association , further evidence that, thanks to the pandemic, August is the new May for home-buying. Consumers responded to mortgage rates that fell to new low last week , with the refinance index jumping 9% from the previous week to its highest level since April, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Keeping Current Matters
AUGUST 13, 2020
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report from Black Knight: “While home prices have risen for 97 consecutive months, July’s record-low mortgage rates have made purchasing the average-priced home the most afford
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
AUGUST 11, 2020
Feverpitched/Getty Images Video tours have become an indispensable tool for house hunters in the COVID-19 era, although they do have their drawbacks—you won’t notice a bad odor through a video screen, after all. And if there’s one room for which you really need a sense of how you’ll be able to use it, it’s the kitchen. After all, it needs to work for your needs, whether you’re enjoying a peaceful cup of coffee in the morning, putting together school lunches, baking
Housing Wire
AUGUST 10, 2020
Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%.
Keeping Current Matters
AUGUST 14, 2020
Some Highlights. Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant. Reach out to a real estate professional to determine the best way to position your family for a financially-savvy move in today’s market.
Sotheby's International Real Estate
AUGUST 8, 2020
Few spaces in the modern home take higher design priority than the bath. These five distinctive spaces feature details that range from rugged stonework to striking tile patterns and lovely mosaics that double as works of art. Unique Elegance in Manhattan. New York, New York | Debbie Korb , Sotheby’s International Realty – Downtown Manhattan Brokerage.
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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.
Realtor.com
AUGUST 10, 2020
akinshin / Getty Images Unless your home was built in the last year or two, it’s likely to be full of outdated features and systems. Some of those items may add to the home’s charm, but many distinctly will not. Replacing the outdated with modern versions or smart technology can save you time and money. “While not everyone is an uber-cutting-edge tech wiz, [home] buyers are more tech-savvy than ever before,” says Jared Wilk , principal at Shulkin Wlik Group.
Housing Wire
AUGUST 13, 2020
Average U.S. mortgage rates for a 30-year fixed rose to 2.96% this week from an all-time low of 2.88% , Freddie Mac said in a report on Thursday. The average 15-year rate rose to 2.46% from 2.44% last week, according to the mortgage financier. “Even with this week’s uptick, very low rates are providing a significant boost to the housing market that continues to hold up well during this time of uncertainty,” said Sam Khater, Freddie Mac’s chief economist.
Keeping Current Matters
AUGUST 12, 2020
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession.
Better Dwelling
AUGUST 14, 2020
Canadians know real estate prices have grown quickly, but most have no idea how it compares to the world. US Federal Reserve Bank of Dallas (US Fed) data shows how home prices evolved since the Financial Crisis. While most countries scrambled to balance home prices with local economic growth, Canada doubled down on housing. The […]. The post Canada Doubled Down On Real Estate In 2005.
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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.
Realtor.com
AUGUST 12, 2020
Aaron Rapoport / Contributor / Getty Images On “Good Bones,” Mina Starsiak and her mother, Karen Laine , are always experimenting with new designs—and in their latest Indianapolis renovation, they reveal a clever alternative to open floor plans that could catch on fast. In the episode “The Boho Bungalow,” Starsiak and Laine take on a dilapidated home in a neighborhood that’s known for its growing artists community.
Housing Wire
AUGUST 14, 2020
The mix of working from home and renters seeking more space – albeit cheaper space – is pushing more people out of more expensive U.S. cities and moving into the suburbs. Particularly, Millennials are fleeing New York City for more space in its surrounding suburbs. Since the beginning of the COVID-19 pandemic, online mortgage lender Better.com said it has seen an increasing trend in 35 to 36-year-old renters applying for mortgages in the suburbs of New York, including Westchester; Connecticut an
Keeping Current Matters
AUGUST 10, 2020
Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%. When the official report came out, it revealed that 1.8 million jobs were added , and the unemployment rate fell to 10.2% (from 11.1% last month).
Realty Biz
AUGUST 12, 2020
Getting a Mortgage With Bad Credit. Are you wanting to buy a house but have bad credit? If you are a first-time buyer with lousy credit, getting a mortgage can seem a distant goal. However, it is normal for first-time buyers to have worse credit than those who have purchased a few homes in their lifetime. As a result, there are some options to help you buy your first home.
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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.
Realtor.com
AUGUST 13, 2020
kali9 / Getty Images Table of contents: . Step 1: Getting mortgage pre-approval. Step 2: Finding the right home. Step 3: Closing the deal. How long does it take to buy a house? While estimating a timeline for home buying will depend on many variables, real estate experts estimate that the average time required is around four months. This timeline is important for buyers to keep in mind for a variety of reasons.
Housing Wire
AUGUST 11, 2020
Last week, HousingWire reported surging mortgage volume and record low interest rates are putting excess pressure on appraisal turn times. This week, appraisal experts said those same variables are having a profound effect on an age-old conflict of appraisal reports versus what the market believes the home is worth. In an accelerated environment with homes being bought and sold at a rapid pace and market data being pulled ahead of time, historical data can struggle to catch up and create broad d
Eye on Housing
AUGUST 12, 2020
Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series. At the same time, the results from its Weekly Application Survey show both weekly and year-over-year percentage increases in purchasing and refinancing activities. On a seasonally adjusted basis, purchasing activity increased.
Sotheby's International Real Estate
AUGUST 11, 2020
L.A.-based master architect William Hefner is known for his proficiency in both traditional and modernist styles and for his devotion to translating classic details for sophisticated contemporary living. His versatility and dedication are easily apparent in this new Beverly Hills home, where sleek, refined modern style is inflected with time-honored flair.
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.
Realtor.com
AUGUST 14, 2020
realtor.com It’s difficult to spot the home on this plot of 40 acres near Buffalo, TX. Which is exactly the way the owner wants it—the home is entirely underground. “It’s completely covered by earth,” says the listing agent, Terri Alexander. “I’m not sure that I know of another one like this in Texas, not completely underground, the way this one is.
Housing Wire
AUGUST 11, 2020
United Wholesale Mortgage announced Tuesday it is rolling out a loan program that offers borrowers mortgage rates as low as 1.99% for both purchases and refinances. The rate is only available through independent mortgage brokers, the company said in a statement. On July 31, the company announced a 1.875% rate for 15-year mortgages. We dive deeper into the conditions necessary to get that rate on the 15-year and other lenders offering similar rates, in the story: Making sense of ultra-low mortgag
The American Genius for Real Estate
AUGUST 13, 2020
(EDITORIAL) Whether it's a podcast, news, or music, most people are listening to *something* while at work - so what makes you the most productive? The post The music you’re listening to may dictate your productivity levels appeared first on The American Genius Real Estate.
Jason Fox
AUGUST 11, 2020
110+ Real Estate Blog Topics You Can Steal Today | Jason Fox. Starting a real estate blog is an exciting way to communicate with your customers—past, current and future! In this day and age, a blog is crucial for building a strong online presence. It’s the very foundation of any content marketing strategy. For successful real estate blogging, you need to create epic content that resonates.
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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.
Realtor.com
AUGUST 10, 2020
realtor.com They’ve traveled across vast oceans. Now they will provide shelter for a buyer who loves their stylish vision. Three homes made of shipping containers are for sale in Oregon City, OR —located about a half-hour outside of Portland. Each home is listed for $325,000 and measures nearly 800 square feet with two bedrooms and one bathroom. Two are located on Warner Street , and the third is on Prospect Street.
Housing Wire
AUGUST 13, 2020
As Maya Angelou so aptly said, “When someone shows you who they are, believe them the first time.”. Since the onset of the coronavirus that has plagued this nation we have watched policy makers and their varied responses at both the state and federal level. When it comes to housing and mortgage finance perhaps the most shocking thing is how the FHFA and the GSEs have simply ignored their role and used this time to threaten nonbank mortgage servicers facing liquidity problems, adding outrageous f
RIS Media
AUGUST 13, 2020
A good reputation can be one of the most lucrative opportunities for your real estate business. Once you have a good stash of online reviews and build up a large fanbase on social media, the next step you should take is creating video testimonials. How Can Video Testimonials Help Your Business? There are many people who prefer watching videos as opposed to reading something.
Coldwell Banker
AUGUST 14, 2020
We can, must and will do more. Beyond training, we’ve committed to action and investment. . The post Addressing Historical Discrimination and Building a Better Future appeared first on Coldwell Banker Blue Matter.
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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