Housing Wire
OCTOBER 4, 2021
In several previous articles I have opined that an increase in mortgage rates may be our only hope for slowing the escalation of home prices that we’ve been experiencing for the past year. With mortgage rates hitting above 3% last week for the first time since June, it’s a good time to revisit this conversation and what we should expect next for mortgage rates.
Eye on Housing
OCTOBER 7, 2021
Of the roughly 990,000 single-family homes started in 2020, only 19.3 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). This marks the third year in a row the share of new homes with decks has declined, and the first time the share.
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Keeping Current Matters
OCTOBER 5, 2021
Every Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam Khater, Chief Economist at Freddie Mac , explains: “Mortgage rates rose across all loan types this week as the 10-year U.S.
Maximum Exposure Real Estate
OCTOBER 8, 2021
Over the past year, a few of my clients have asked me what is coming soon real estate marketing and how it works. If you have paid much attention to the real estate market lately, you have probably noticed “Coming Soon” on the occasional yard sign or certain Zillow listings. The coming soon real estate […]. The post Pros and Cons of Coming Soon Real Estate Marketing appeared first on Massachusetts 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.
Housing Wire
OCTOBER 5, 2021
Nearly one quarter of U.S. home sellers received four or more offers on their home in 2021, according to Zillow’s latest consumer housing trends report. The rise in the number of homes that received multiple offers is reflected in the increased frequency of bidding wars in 2021. Typical sellers received two offers, which is the same as the past three years.
Lighter Side of Real Estate
OCTOBER 7, 2021
There’s no denying that the recent market has been tough for buyers. Thanks to historically low inventory, many would-be buyers have been unable to successfully find and purchase a home. But it looks like that’s starting to change. According to the September Housing Report from realtor.com , available inventory in the United States (which the report defined as active listings on realtor.com without a contract) hit 646,053 homes in September—a high for 2021.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
OCTOBER 7, 2021
Rent Your House or Sell It? If you are thinking about leaving your old house behind for a different one – to upgrade, to downsize, to relocate, or for some other reason – you are probably thinking the same thing most people in your situation do: “Should I rent my house, or should I sell […]. The post Is Renting or Selling My Home The Best Decision appeared first on Massachusetts Real Estate Exposure.
Housing Wire
OCTOBER 8, 2021
Skyrocketing U.S. home prices are quickly shifting the affordability calculus for prospective homebuyers in 2021 — even though mortgage rates have remained near record lows. The median home price nationwide in August increased 14.9% from a year ago to $356,700, according to the National Association of Realtors. August marked the sixth consecutive month where median home prices increased by double-digit percentages from a year ago.
Lighter Side of Real Estate
OCTOBER 6, 2021
It’s one thing for a real estate agent to tell you about the dangers of buying big-ticket items (like a car), racking up your credit card bills, or opening up new credit cards until your mortgage is approved and closed. But it hits a whole lot closer to home when a home buyer warns you of the danger through tears of sadness. Watch Cassidy Gard’s emotional TikTok video about how simply opening a Home Depot credit card for a $9 purchase is likely going to cause her not to be able to buy a house.
Keeping Current Matters
OCTOBER 6, 2021
There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low , prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices r
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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.
Better Dwelling
OCTOBER 4, 2021
Canada’s biggest bank found more people are trading life in the big city for Atlantic living. RBC economist Carrie Freestone crunched the numbers of interprovincial migration for Q2 2021. She found prime demographics are finding their way to Atlantic Canada. The migration was mostly from expensive provinces like Ontario and Alberta. Atlantic Canada Just Saw […].
Housing Wire
OCTOBER 7, 2021
The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. 7, according to Freddie Mac ’s latest PMMS survey. The week before , rates had made it above the 3% mark for the first time since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates remain close to 3% as a result of continued unknowns in the financial markets, as the pandemic lingers on.
Maximum Exposure Real Estate
OCTOBER 2, 2021
Check For Potential Issues When Buying Your First House Do you understand what’s needed for due diligence in real estate to be completed? If you are a first-time homebuyer, you are probably doing all the research to ensure you don’t make any mistakes. The homework you are doing now is essential because there is a […]. The post Due Diligence For Home Buyers: What You Need to Check appeared first on Massachusetts Real Estate Exposure.
Keeping Current Matters
OCTOBER 8, 2021
Some Highlights. Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, work with a trusted agent to understand your local area and how you can take advantage of today’s housing market.
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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.
Sotheby's International Real Estate
OCTOBER 7, 2021
Sotheby’s International Realty today announced that Reside Realty Ltd. has joined the network and will now operate as Jamaica Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and comes at a time of increased interest in secondary and resort markets. The addition follows the brand’s recent expansion into St.
Housing Wire
OCTOBER 6, 2021
Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. Third-party homeownership education providers will still have to be aligned with the National Industry Standards for Homeownership Education and Counseling or with the Department of Housing and Urban Development Housing Counseling Program, if it is not a HUD-approved counseling agency.
HomeLight
OCTOBER 4, 2021
Updated October 4, 2021. The typical home buying process goes something like this: You save up your cash , get preapproved for a mortgage , and put an offer on a house that fits your budget. The offer is accepted; then, you sign the loan, grab the keys, and move in. But what if that sequence of events doesn’t work for everyone? Sometimes you don’t have enough cash saved up for a down payment , or you’re between jobs and can’t qualify for a loan.
Eye on Housing
OCTOBER 5, 2021
Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974. New Jersey continued its perennial distinction as having the highest average real estate tax bill per home owner ($8,687) as well as.
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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.
Sotheby's International Real Estate
OCTOBER 2, 2021
These wine rooms go beyond mere function, storing bottles properly while incorporating eye-catching materials—such as richly hued wood and ornate ironwork—to create spaces that are both practical and attractive. Classic Calistoga Hacienda. Calistoga, California | Jim Clopton & Arthur Goodrich , Sotheby’s International Realty – St. Helena Brokerage.
Housing Wire
OCTOBER 5, 2021
Former banker Matthew Feldman has been named chairman of the board of managers at the Federal Housing Finance Agency – controlled Common Securitization Solutions , where he will lead a transition to better align the organization’s “corporate governance structure with its core mission,” FHFA announced today. That core mission is to provide the infrastructure to support government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in issuing mortgage-backed securities.
Realty Biz
OCTOBER 4, 2021
Have you heard about encroachments in real estate and wondered what exactly that meant? You might think that you’ve found your perfect home, but a dispute with your neighbors can ruin the dream. Neighbor problems can occur for many reasons, but one source of problems can be encroachments. Perhaps you have a neighbor that either doesn’t realize or care that something they own is infringing on your lot.
Maximum Exposure Real Estate
OCTOBER 4, 2021
Being functionally obsolete can happen in all walks of life. A few examples would be a payphone, a heavy-tube television, and a cassette tape. At one time these things were useful but now have been replaced by better new technology. Their economic life has come to an end. If you are considering investing in property, […]. The post How Functional Obsolescence in Real Estate Impacts Home Values appeared first on Massachusetts Real Estate Exposure.
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.
Sotheby's International Real Estate
OCTOBER 5, 2021
Significant design from two centuries—the 19th and 21st—combine in this bright, sophisticated home in a historic building on an iconic cobblestone street in the dynamic neighborhood of TriBeCa. New York, New York | Juliette R. Janssens & Allison B. Koffman, Sotheby’s International Realty – East Side Manhattan Brokerage. Architect Charles C.
Housing Wire
OCTOBER 4, 2021
Over half of Realtors said that social media was their top lead-generating technology tool, according to a new survey report from the National Association of Realtors. The most popular social media app among the random sample of Realtors surveyed was Facebook , with 90% of respondents reporting they used the app, followed by Instagram at 52% and LinkedIn at 48%.
Eye on Housing
OCTOBER 8, 2021
Job gains slowed for the second straight month amid the resurgence of COVID-19 cases. Total payroll employment rose by 194,000 in September and the unemployment rate dropped to 4.8%. For the coming months, job gains are expected to accelerate as COVID-19 cases began to subside. Despite the slowdown in total nonfarm payroll employment, aggregate construction industry (both residential and non-residential).
Realty Biz
OCTOBER 6, 2021
Getting traffic to your real estate website is important if you want to find quality leads – qualified buyers who are already in the market to buy. But getting quality traffic can be difficult if you don’t know where to start. Here are the top five sources of real estate traffic. . Top Five Ways to Get Traffic for Your Real Estate Company. 1. Blogging.
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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.
Sotheby's International Real Estate
OCTOBER 7, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Del Mar, California | Eric Iantorno & Pilar Meza, Pacific Sotheby’s International Realty . The waterfront California home of Sharon Alesia, the late horse breeder and wife of actor and director Frank Alesia, hit the market Friday for $23 million.
Housing Wire
OCTOBER 7, 2021
It is no surprise that four Californian metropolitan areas led the way in unaffordability in September. Interestingly, San Diego actually surpassed Los Angeles in unaffordability, according to a new report from OJO Labs. The report is based on data collected from every metro area in which more than 1,000 homes were sold in September. San Diego’s median home sold price rose to $750,000 in September, marking a 2.4% increase from August and a 20% year-over-year increase.
Eye on Housing
OCTOBER 6, 2021
Homeownership continues to be a primary driver of household wealth, according to the 2019 Survey of Consumer Finances (SCF). Though homeownership rates increase with age, young households, those under the age of 35, experienced the largest gains for homeownership in 2019. Additionally, the share of young households with home mortgage debt and auto loans increased, while share with education loans.
Realty Biz
OCTOBER 8, 2021
If you’ve never owned rentals before, you must understand four basic principles if you want to be successful: It’s not your dream house. Numbers matter. Financing can be complicated. You will make mistakes. That’s OK. These quick tips will get you started and help you decide if you’re ready to make money with investment property. 1. Don’t Be Emotional.
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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