Eye on Housing
NOVEMBER 30, 2021
In September, national home prices grew at a slower but still unsustainable pace. Locally, 14 out of 20 metro areas reported that they realized a deceleration in home price growth in September. This month’s data indicates that housing market is cooling slightly as housing affordability concerns persist. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow.
Housing Wire
NOVEMBER 30, 2021
Zillow’s Chief Operating Officer Jeremy Wacksman virtually appeared this September at a conference held by investment banking company Piper Sandler , and proclaimed, “The strength and the appeal for Zillow Offers just continues to grow. And we’re even more confident now that this is going to be a service really in all-weather markets.”. Six weeks after Wacksmans’ remarks, Zillow said it was winding down an iBuying program responsible for the majority of the company’s revenue and operating expens
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Realty Biz
DECEMBER 1, 2021
Social media marketing has become an integral part of digital marketing since Facebook exploded in the early 2000s. These days, nearly every notable company has not only a social media presence, but a strategy to help them grow even more. Realtors are no different. More and more real estate agents are incorporating social media into their marketing strategies – and quite successfully.
Keeping Current Matters
NOVEMBER 29, 2021
As we near the end of the year, more homeowners are realizing the benefits of today’s sellers’ market. Record-breaking home price appreciation , growing equity , low inventory , and competitive mortgage rates are motivating homeowners to make a move that addresses their changing lifestyles. In fact, recent data from realtor.com shows a larger share of homeowners are planning to list their houses this winter.
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.
Better Dwelling
DECEMBER 3, 2021
US real estate prices are looking frothy, according to central bank researchers. The US Federal Reserve (the Fed) recently updated its exuberance index for Q2 2021. The little-known index exists to identify housing bubbles early, to minimize damage. For the first time since 2007, that indicator is now warning that US real estate prices are […].
Housing Wire
NOVEMBER 30, 2021
The Federal Housing Finance Agency (FHFA) today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. The federal government will now back mortgage loans of nearly $1 million, with the new ceiling loan limit for one-unit properties in most high-cost areas now $970,800 — or 150% of $647,200. Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
DECEMBER 2, 2021
If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue.
Better Dwelling
NOVEMBER 30, 2021
Canadian real estate prices are rising, but investors are quietly pulling back. In fact, they’re withdrawing their capital at one of the fastest rates in history. Statistics Canada (Stat Can) data shows residential investment dropped sharply in Q3 2021. This is the component of GDP that covers real estate’s most direct economic output. The GDP […].
Housing Wire
NOVEMBER 29, 2021
Today, pending home sales came in as a big beat of estimates — up 7.5% in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. Like I have often said, professional grifters have plagued the housing sector for many years and shouldn’t be looked to as fundamental economic sources of information.
Maximum Exposure Real Estate
DECEMBER 1, 2021
Buying Houses at Auction One of the questions home buyers often ask is how do real estate auctions work? The question is often asked because they want to know how to buy a house at auction. Buying a home at auction offers an exciting alternative to the traditional route – one that can be perfect […]. The post How to Buy a House at Auction appeared first on Massachusetts Real Estate Exposure.
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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.
Keeping Current Matters
DECEMBER 3, 2021
Some Highlights. If you’re planning to sell your house this winter, you’ll want it to look its best inside and out. Take the time and focus on tasks that make it inviting , show it’s cared for, and boost your curb appeal. Reach out to a real estate professional today so you can have an expert opinion on what to focus on, so it shows well and catches a buyer’s eye.
Realtor.com
DECEMBER 1, 2021
Realtor.com / Getty Images What to Expect In 2022. Realtor.com. Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of unprecedented highs and lows—record-high home prices on one side, record-low mortgage rates and available homes for sale on the other. It’s been a time of overwhelming stress for many, gigantic profits for some, and great disorientation for most of us.
Housing Wire
DECEMBER 1, 2021
A federal judge ordered Ronald McCord, the founder of Oklahoma City-based lender and servicer First Mortgage Company , who was also once the president of the Mortgage Bankers Association (MBA), to pay $51.8 million in restitution for mortgage fraud. United States District Judge Robin Cauthron ordered McCord also serve 8.5 years in prison — the maximum the federal government said it would seek — as well as three years of supervised release.
Better Dwelling
DECEMBER 1, 2021
Canadian cities rank as some of the largest real estate bubbles globally, but Canada doesn’t see it that way. The Bank of Canada (BoC) House Price Exuberance Index Indicator (HPEI) ranks just two cities as exuberant in Q3 2021. Neither of those cities is Toronto or Vancouver, despite both ranking amongst the biggest real estate […]. The post The Bank of Canada Only Sees 2 Real Estate Bubbles and Vancouver Isn’t One of Them appeared first on Better Dwelling.
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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.
Keeping Current Matters
NOVEMBER 30, 2021
There’s no denying the financial benefits of homeownership, but what’s often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We’ve lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.
Realtor.com
NOVEMBER 29, 2021
Realtor.com / Getty Images After more than a year of staggering increases in home prices, the party appears to be coming to an end. The growth in prices, which rose more than 30% this year in some of the nation’s hottest real estate markets, appears to have peaked nationally. Home prices are still increasing, but substantially less than they were just a few months ago.
Housing Wire
DECEMBER 2, 2021
It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019.
Maximum Exposure Real Estate
NOVEMBER 29, 2021
HOA Special Assessments Explained When buying a condo or a townhome, you should have a firm grasp of the meaning of special assessments. So, what is a special assessment, and how will it affect you? A special assessment is a designated amount of money that all owners in a development run by an HOA will […]. The post What is an HOA Special Assessment and How Do They Work appeared first on Massachusetts Real Estate Exposure.
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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.
Keeping Current Matters
DECEMBER 1, 2021
The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and think about your strategy from the very beginning of the game. . The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search.
Realtor.com
DECEMBER 2, 2021
Realtor.com / Getty Images Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. That’s the highest it’s hit since November 1990, over 30 years ago, and a steep uptick from the manageable 2% that we’ve enjoyed for the past five years. Translated to your daily life, this means Americans are shelling out more money for just about everything , from gas for your tank to heating bills to groceries and more.
Housing Wire
DECEMBER 2, 2021
Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant , according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Mortgage rates are in a historical low level, but the expectation is that they will increase in the coming months due to higher interest rates.
GeekEstate
DECEMBER 1, 2021
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Homebase.]. Combining smart access control, community WiFi, device automation, and digital payments, Homebase provides property managers and tenants a hubless solution for smart apartments. With Homebase’s fully managed Community Wifi, landlords have the option to offer free wifi as a tenant amenity with options to upgrade internet speeds with Aruba network technology.
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
NOVEMBER 27, 2021
When considering the ultimate at-home luxuries, having a helipad may well be top of the list. For ease of travel, commuting, and hosting guests from afar, the space required for a helipad, and for a helicopter to maneuver, can be hard to come by; however, these five exceptional properties not only have the facilities for a perfect landing, but also host remarkable homes that are well worth traveling by helicopter to visit. .
Realtor.com
DECEMBER 3, 2021
Getty Images Once you hit the half-century mark, you’ve likely accumulated a passel of belongings, some decent savings, and, quite possibly, some hard-earned real estate wisdom. But when it comes to buying a new home in your 50s, the process is quite different from any other time in your life precisely because you’re at a midpoint—in homeownership.
Housing Wire
DECEMBER 3, 2021
Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.
Better Dwelling
DECEMBER 2, 2021
Canadian real estate has outgrown productive investment for a few years, but it’s never been this bad. National Bank of Canada (NBC) found that Canadians now invest more in homes than businesses. It’s the first time since the early 1960s that housing investment has grown larger than private investment. The “Big Six Bank” says this […]. The post Canada Might See Capital Flight After Real Estate Overtakes Private Investment: NBC appeared first on Better Dwelling.
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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.
Eye on Housing
NOVEMBER 29, 2021
Despite low inventory and increasing affordability concerns, both pending home sales and existing home sales jumped in October, according to the National Association of Realtors (NAR). Though the market remains strong and sales is on pace for its strongest sales in 15 years, higher home prices continue to price out first-time and young buyers. The Pending Home Sales Index (PHSI).
HomeLight
DECEMBER 2, 2021
You’re antsy for new digs, and you just need to sell your current home to snag that dream house. But before you box up your prized LEGO® collection and book a moving truck, you need to answer the nagging question at the back of your mind: What’s it going to cost to sell my house? In this guide, we dive deep into what costs sellers should expect to pay.
Housing Wire
DECEMBER 1, 2021
The housing industry has been working in overdrive over the last few years to shed the idea that its technology is antiquated and outdated. In today’s environment, this couldn’t be further from the truth. In fact, companies are not only injecting new technology into the home-buying buying process, but also, they are pushing the envelope when it comes to how technology can disrupt the consumer experience, regardless of the industry.
Better Dwelling
NOVEMBER 27, 2021
Canadian employers are struggling to find labor but this isn’t just reopening pains. Statistics Canada (Stat Can) data shows over one million vacant jobs in September. The common take is, this hiring boom is reopening pains as the economy grows. Further analysis of the same data set shows that might not be the case last […]. The post Canada Now Has Over 1 Million Vacant Jobs As More People Exit The Workforce appeared first on Better Dwelling.
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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