Housing Wire
NOVEMBER 13, 2020
In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task. Want to make sure you’re getting the best real estate agent possible for your home purchase?
Keeping Current Matters
NOVEMBER 10, 2020
For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family in the U.S.”.
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Maximum Exposure Real Estate
NOVEMBER 9, 2020
Comparing Self-Storage Units to PODS Are you trying to decide between renting a storage unit or going with a POD instead? Self-storage vs. PODS – the war rages on! Moving can be a rather bothersome task. There are several things that have to take place. Getting the utilities moved to the new address, changing your […]. The post Renting a Pod vs a Self-Storage Unit: Pros and Cons of Both appeared first on Massachusetts Real Estate Exposure.
Better Dwelling
NOVEMBER 13, 2020
Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week. The increase is a couple of weeks after the pandemic program to buy these has ended. However, it appears that didn’t mean they were going […]. The post Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of appeared first on Better Dwelling.
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
NOVEMBER 9, 2020
For the third consecutive month, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ desire to sell or buy a home, gained 0.7 points in October to 81.7. Though that number is increasing, it’s slowed down compared to gains in previous months, including August’s 3.3 points rise and September’s 3.5. Compared to this time last year, the HPSI is still down 7.1 points, but has steadily recovered over 60% of its COVID-19 pandemic loss when April’s HPSI hit i
Keeping Current Matters
NOVEMBER 12, 2020
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes : “It will be one of the best winter sales years ever.”. The typical winter slowdown in the housing market is simply not on the radar.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
NOVEMBER 12, 2020
tommy/Getty Images Home prices across the nation continued to defy reason as they sharply headed up—even as the turmoil over a hotly contested presidential election, the coronavirus pandemic, and high unemployment persisted. Unlike during the Great Recession, the median price for single-family homes zoomed up in the third quarter compared with the same period the previous year in every U.S. metro, according to a recent National Association of Realtors® report.
Housing Wire
NOVEMBER 13, 2020
Low mortgage rates and record-low housing inventory has driven home price increases throughout the year. The National Association of Realtors is saying that the median single-family home price grew year over year in all 181 metro areas it tracks. In the U.S., median existing single-family home prices rose 12% year over year to $313,500, NAR said. In 117 metros, there were double-digit price gains from one year ago.
Keeping Current Matters
NOVEMBER 9, 2020
In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your ideal terms. Even in today’s strong sellers’ market, there are homeowners who are choosing not to sell due to ongoing concerns around the health crisis, financial uncertainty, and life in general.
The American Genius for Real Estate
NOVEMBER 10, 2020
(BROKERAGE) While houses are selling quickly right now, there are some things that will almost definitely turn a home buyer off. The post 7 red flags that could scare off your potential home buyers appeared first on The American Genius Real Estate.
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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
NOVEMBER 11, 2020
d3sign / Getty Images Touring a house is like going on a first date: It’s your chance to get a sense of whether this home is the one. Can you envision baking cookies in that kitchen, or cracking a beer on that back deck? But in this day and age, with so many houses to see and so little time before they get snapped up, the prospect of finding this dream home in the real estate haystack can sometimes feel a bit overwhelming.
Housing Wire
NOVEMBER 10, 2020
The Federal Housing Finance Agency announced Tuesday the validation and approval of the Classic FICO credit score model for Fannie Mae and Freddie Mac. “The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.
Keeping Current Matters
NOVEMBER 11, 2020
Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes.
Coldwell Banker
NOVEMBER 9, 2020
Simple ways to surprise your guests with unique touches you bring to your food and table this Thanksgiving. The post Shake Up Your Turkey-Feather Festivities appeared first on Coldwell Banker Blue Matter.
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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
NOVEMBER 11, 2020
karamysh/Getty Images Who’s buying homes, who’s selling them, and what types of homes are inspiring bidding wars all look a little different this year as the country remains in the throes of the coronavirus pandemic. Those who managed to nail a home purchase after the COVID-19 pandemic began spreading through the United States were more likely to pay dearly for larger, more expensive homes in the suburbs, according to the National Association of Realtors® 2020 Profile of Home Buyers
Housing Wire
NOVEMBER 9, 2020
JPMorgan Chase has tightened mortgage terms on jumbo loans for co-operatives and condominiums in Manhattan amid shrinking buyer demand, Bloomberg reported on Friday. Chase announced that, beginning this week, it would limit jumbo loans to 70% of the sale price. The new standards apply to loans of more than $765,600 not guaranteed by Fannie Mae and Freddie Mac — which account for 95% of the Manhattan market, according to the report.
Keeping Current Matters
NOVEMBER 13, 2020
Some Highlights. Your agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today. COVID-19 protocols and technology usage recommendations from the National Association of Realtors ( NAR ) are making it possible to sell houses right now, while agents continue to abide first and foremost by state and local regulations.
App Folio
NOVEMBER 13, 2020
The pandemic has had a big impact on renters’ attitudes when it comes to what they expect from leasing and property management teams during their housing search. It has also rapidly sped up the property management industry’s shift towards digital technology. . We surveyed 1,000 adult renters across the U.S. to get a pulse on their expectations and experiences during the pandemic and beyond.
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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
NOVEMBER 13, 2020
JamesBrey/Getty Images The juggernaut that has become the U.S. housing market finally paused to take a breath last week. But even with buyers and sellers taking a step back temporarily, the industry remained hot. During the week ending Nov. 7, both buyers and sellers averted their attention from relocations and instead focused on current events, according to Thursday’s report from realtor.com.
Housing Wire
NOVEMBER 12, 2020
The average U.S. mortgage rate for a 30-year fixed loan rose this week to 2.84%, Freddie Mac said in a report on Thursday – up 6 basis points from the previous all-time record low set last week. The average fixed rate for a 15-year mortgage also gained slightly by 2 basis points to 2.34%. Despite this week’s rise, there have still been 16 consecutive weeks when average mortgage rates have been below 3%.
RIS Media
NOVEMBER 12, 2020
For real estate professionals, building business usually means attracting new clients. With long hours and busy days, it can be difficult for agents to find the time and energy target prospects and market to them. If you feel like you’ve plateaued recently in your prospecting efforts, here are some ideas that may help: 1. Include testimonials in your promotional materials.
GeekEstate
NOVEMBER 10, 2020
In our latest real estate tech entrepreneur interview, we’re speaking with Luke Nolan from Student.com. Without further ado… Who are you and what do you do? My name is Luke Nolan and I am the Founder & CEO at Student.com. What problem does your product/service solve? Student.com is the world’s largest student accommodation marketplace – we provide a go-to place for students looking to find their perfect home away from home at university.
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
NOVEMBER 9, 2020
Composite of Getty Images With coronavirus cases surging in the United States, it looks like we’ll be sticking close to home this winter. And since chilly temps and snowfall are just around the corner, all things comforting and cozy will have extra appeal—as well as any form of entertainment that will help us cope with cabin fever while staying away from crowds.
Housing Wire
NOVEMBER 12, 2020
If you’re thinking about buying a home, then boosting your FICO score should be at the top of your to-do list. Not only does a prime credit score improve your chances of getting approved for a mortgage, but it also helps you secure a lower interest rate, too — and that means a more affordable loan on the whole. But boosting a FICO score is easier said than done.
Eye on Housing
NOVEMBER 13, 2020
The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations. In 2019, 95 percent of new single-family homes started had a central AC system, higher than 93.7 percent in 2018. The trend, going back to 2000, shows a steady rise in the share of new homes.
Afford Anything
NOVEMBER 9, 2020
Do you wrestle with the idea of leaving your savings in an account earning next to nothing versus investing it in the stock market? Do you use investment strategies that allow you to work with your nature, rather than against it? Are you careful to seek investment advice from those who share your investment goals, or do you get caught up in the trends of day traders?
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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
NOVEMBER 13, 2020
Fernando Trabanco Fotografía/Getty Images You probably already know that with the weather turning colder, bugs and rodents will be seeking refuge in your toasty warm abode. And you probably already know how they’re getting in, too—through cracks in the foundation and gaps under the doors and windows. But you might not be aware of one other way pests can invade your home: your plumbing.
Housing Wire
NOVEMBER 13, 2020
Think back on all the major financial decisions you’ve made since entering adulthood. Perhaps your list starts with renting your first apartment or buying your first car. Later, you may have taken out a personal or small business loan. Eventually, you purchased your first house, maybe got a home equity line of credit. There’s a common denominator in all of these transactions: It’s you.
Jason Fox
NOVEMBER 10, 2020
5 Ways Technology is Transforming the Real Estate Industry. Technological developments are constantly changing the way we work and live, and real estate is no exception. The real estate industry is one of those sectors that have always depended on technological advancements. However, the past decade has held some major breakthroughs. Whether you are a prospective homeowner looking to buy your first ever house, Jason Fox Real Estate Marketing | Real Estate Websites.
Eye on Housing
NOVEMBER 9, 2020
According to the 2019 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,030 and the top 25% make at least $68,690. In comparison, the U.S. median wage is $39,810, while the top quartile (top 25%) makes at least $64,240.
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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