Housing Wire

JUNE 29, 2021

With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through in the housing market. The first thing that pops into my shriveled brain is how the housing market looked in February of 2020. Data from that month showed that housing was breaking out — but because we received this data in March of 2020, we were all too busy trying to survive to take

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Keeping Current Matters

JULY 1, 2021

The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion. Yet, when it comes down to it, the opinions that carry the most weight are the ones based on experience and expertise. Here are four expert opinions from professionals and organizations that have devoted their careers to giving great advice to the housing industry.

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Eye on Housing

JUNE 30, 2021

Previous posts reported on home buyer preferences for kitchen and bath features, from NAHB’s recent study What Home Buyers Really Want, 2021 Edition. The same study also asked the panel of 3,247 recent and prospective home buyers to rate a dozen different window types and materials on the following four tier scale: The general window characteristic that home buyers value more.

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Maximum Exposure Real Estate

JUNE 27, 2021

Zillow Home Values Explained Are you wondering whether Zillow house values are accurate? One of the questions real estate agents often get from consumers is, “how accurate are Zillow home value estimates.” Home buyers and home sellers need to understand right from the get-go that a Zillow home value is NOT accurate the vast majority […].

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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.

Industrial

Housing Wire

JUNE 30, 2021

The Broadmoor Hotel in Colorado Springs, Colorado. Brokerage executives are elated to see each other in person again. So long as it’s temporary. “It’s a tremendous opportunity to reconnect with everyone,” said Susan Yannaccone , chief executive of Realogy’s franchise network since last November. “The intangible connection you can make with people face-to-face or over a cup of coffee.

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Keeping Current Matters

JUNE 28, 2021

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% ( S ee graph below ): To help you understand just how much time a

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Maximum Exposure Real Estate

JUNE 30, 2021

What You Need to Know About Donating Furniture and Clothes Are you looking to find where to donate furniture or clothing? Did you know some companies do furniture donation pick-ups? Well, it’s true. There are nonprofit organizations that offer free pickup of your charitable donations. Furniture donations are commonplace for quite a few people.

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Marketing 144

Housing Wire

JULY 1, 2021

The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac ‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady and is bolstering more segments of the economy,” said Sam Khater, Freddie Mac’s Chief Economist.

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Keeping Current Matters

JUNE 30, 2021

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low.

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Sotheby's International Real Estate

JUNE 26, 2021

Choosing classic paint shades is an effortless way to create a reliably stylish ambience in a home, but these plucky residences turn the sophistication up a notch with vivid, often unexpected doses of color. Consummate San Francisco Style. San Francisco, California | Gael Bruno, Sotheby’s International Realty – San Francisco Brokerage. On the top floor of a stately Edwardian building in San Francisco’s fabled Ashbury Heights neighborhood, this charming remodeled two-bedroom condomini

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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.

Brokerage

Eye on Housing

JUNE 29, 2021

Consumer confidence continued its upward trend and approached to pre-pandemic level in May, as consumers became more upbeat about the current and future economic conditions and job market. Though short-term inflation expectations increased, it had little impact on consumer confidence or spending intentions. The share of consumers planning to buy homes, cars, and major appliances all increased, suggesting consumers will.

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Marketing 124

Housing Wire

JULY 1, 2021

Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against 73.8% of white Americans. Per Redfin , 23% of white homeowners made no financial sacrifices to buy their first home, versus 14% of Black homeowners.

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Keeping Current Matters

JUNE 29, 2021

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic , elaborates : “The frequency of buyers being willing to pay more than the market data supports is increasing.”.

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Realtor.com

JUNE 29, 2021

Getty Images If you’re selling your home right now—or thinking about doing it soon—you should know that today’s housing market is unlike anything we’ve seen or experienced lately, maybe ever. In the past, home sellers might have waited weeks or months to get an offer that might not be as high as they’d hoped. Buyers may have lowballed, or driven a hard bargain asking sellers to make certain repairs or other concessions before closing the deal.

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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.

Agents

RIS Media

JUNE 29, 2021

Video walk-throughs of for-sale properties are a must for today’s real estate agents looking to gain new leads and sell homes fast. If this feature is not already part of your current marketing plan, it’s time to whip out your camera or smartphone and get shooting. Remember, you don’t need to be a film buff to create successful video tours of your properties.

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Housing Wire

JUNE 29, 2021

The Federal Housing Finance Agency (FHFA) found that house prices across the nation rose 16% from April 2020 to April 2021. From March to April, house prices across the nation rose 1.8%, surpassing the previous month’s 1.6% increase. Three regions — the Pacific coast, the western states and New England — saw more pronounced year over year increases.

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Toronto Realty Blog

JUNE 30, 2021

TorontoRealtyBlog. So you’re looking for a steal , eh? Or just a deal ? Maybe not a deal, but just a “feel-good” purchase? Perhaps you just want to buy a house or condo and not feel like you got beat up, right? I understand the psychology of buying properties in Toronto and I’m fully aware of the emotional roller-coaster that buyers ride through the process.

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Realtor.com

JULY 1, 2021

Getty Images The housing market may be taking one step forward—and two steps back. In a sign that the hot housing market is getting a little better for buyers, more homes hit the market in June, according to a recent Realtor.com® report. However, prices continued to soar, reaching a new all-time high. The number of new listings for sale increased 10.9% in June compared with a month earlier—and were up 5.5% annually.

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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.

Sales

HomeLight

JUNE 28, 2021

You won’t transform your humble 1980s kitchen into a Joanna Gaines-inspired, Insta-worthy space with a $1,000 budget. Still, small home improvement projects can make a big impact on your home’s overall appeal. We analyzed data from the National Association of Realtors® (NAR), Remodeling Magazine , and our Top Agent Insights Reports to curate a list of best hire-out home improvement projects for under $1,000.

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Housing Wire

JULY 1, 2021

We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these days. According to Buildfax, a housing data and analytics company, money spent on remodeling has increased over 40% from this time last year.

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Sotheby's International Real Estate

JULY 2, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Yamanashi, Japan | List Sotheby’s International Realty . Mountainous views and pine-scented soaks in an onsen provide a restorative antidote to lockdown — along with the occasional cocktail. Fantasy home: hot-spring tranquility in a traditional Japanese guesthouse – Financial Times.

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Realtor.com

JULY 1, 2021

Getty Images The COVID-19 pandemic saw many homebuyers prioritizing square footage and outdoor space like never before. Some folks left the tight confines of the city for wide-open floor plans, while others refused to even look at a house that didn’t have an expansive backyard. More space means more room to entertain, and if you’re a new homebuyer who’s spent months (or a year) dreaming about hosting a July Fourth shindig, now’s your time to shine.

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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.

Agents

HomeLight

JUNE 28, 2021

Face it — your bathroom needs some TLC. But where should you start? Bathroom upgrades can be as simple as cleaning your grout or as complex as ripping up plumbing. Project costs vary , and return on investment does too. To help you pull off the best bathroom remodel for your buck, HomeLight interviewed a top real estate agent and two interior designers on their favorite upgrades.

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Housing Wire

JUNE 30, 2021

The Consumer Financial Protection Bureau (CFPB) is tightening the screws on mortgage servicers and originators that violate consumer protection laws. The watchdog agency found that lenders engaged in deceptive business practices, including violations of the Truth in Lending Act and the Equal Credit Opportunity Act, and provided inaccurate data on mortgage loans.

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Afford Anything

JULY 2, 2021

Okay, so everyone and their dog is talking about Bitcoin — but what exactly is it? And what’s Ethereum? There’s a famous adage that you should never invest in something that you don’t understand. Today’s episode is intended to help you understand WTF is going on. Here’s what we cover: We explain the history and purpose of blockchain, which is the technology underlying cryptocurrencies such as Bitcoin.

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Coldwell Banker

JULY 1, 2021

Congratulations to our very own Chief Marketing Officer David Marine for being named to the 2021 class of HousingWire Marketing Leaders! The post David Marine Among HousingWire’s 2021 Marketing Leaders appeared first on Coldwell Banker Blue Matter.

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Marketing 117

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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.

Agents

HomeLight

JUNE 30, 2021

Wellness design, once an idea, is now the ideal in home design. Think of your home as a breath of fresh air, a safe retreat from the chaos of life, fostering your mental, emotional, and physical well-being. To understand wellness design , let’s start by debunking conventional wisdom — a home that adheres to construction codes doesn’t necessarily mean it’s a healthy living space.

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Housing Wire

JUNE 30, 2021

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. The strong increase in home sales and transactions in May —following a dip in April — was a surprise, per Lawrence Yun, National Association of Realtors chief economist, who attributed the home sales increase to mortgage rates remaining below 3%, as well as an uptick, nationally, in listings. “Buyer

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Realtor.com

JUNE 28, 2021

Getty Images Houseplants are wildly popular these days. And why shouldn’t they be? Even if you live in a tiny downtown studio surrounded by skyscrapers, you can still bring a little nature indoors with a few houseplants here and there. But be forewarned: Your friends and family members will give you tons of unsolicited houseplant advice—and they won’t always be right.

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Eye on Housing

JULY 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion. Total private residential construction spending was 28.7% higher than a year ago. The monthly gains are attributed to the strong growth of spending on single-family construction.

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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.

Agents