Housing Wire
JANUARY 25, 2021
Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020. According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7% from December 2020 to March 2021, and by 10.5% through December 2021.
Keeping Current Matters
JANUARY 26, 2021
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection , which assesses the condition of the home before you finalize the transaction.
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Realtor.com
JANUARY 29, 2021
Daisy-Daisy/Getty Images Thirty years ago, if you wanted to remodel your bathroom and you weren’t plugged in to your local network of contractors, well—you were stuck. Angie Hicks started her hugely popular ratings and review platform, Angie’s List, in 1995 after hearing about her co-founder’s frustrations with trying to find reliable contractors in suburban Columbus, OH.
Brownstoner
JANUARY 25, 2021
A triangular block of buildings in Downtown Brooklyn is facing the wrecking ball. Currently, 10 of the 16 buildings that are on the block, which fronts Fulton Street, Dekalb Avenue, Flatbush Extension and Bond Street, have been demolished. One of those buildings, located at the tip of the flatiron-shaped block at… Read More > The post A Prominent Block in Downtown Brooklyn Is Quickly Being Demolished During the Pandemic appeared first on Brownstoner.
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
JANUARY 26, 2021
Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% gains seen in October.
Keeping Current Matters
JANUARY 28, 2021
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report , which shows that the inventory of homes for sale is currently at an all-time low.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Homes.com
JANUARY 26, 2021
Short sales can save homebuyers money, but are often complex processes requiring patience and expert guidance. Follow these insights to get started! The post The Basics of Short Sales for Buyers and Sellers appeared first on Homes.com.
Housing Wire
JANUARY 27, 2021
The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come. “The pace of the recovery in economic activity and employment has moderated in recent months, with weakness concentrated in the sectors most adversely affected by the pandemic,” the FOMC added to its updated policy statement.
Keeping Current Matters
JANUARY 29, 2021
Some Highlights. If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition. With buyer demand rising and historically low inventory for sale, if you’re in a position to move, your house may really stand out from the crowd. Reach out to a local real estate professional today to get your listing process underway.
Realty Biz
JANUARY 29, 2021
Your last house—you knew it well. You knew just what to do when the faucet started dripping, who to call when you wanted a tiny remodel, where to go for the best parties, simply put, you knew both the house and the neighborhood in and out. But now it’s time to move, and if you’re feeling a little insecure, don’t worry. Here is a little guide that will help you with all the important things you need to know before moving your things into a new home.
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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.
RIS Media
JANUARY 25, 2021
Getting a Healthy Credit Score and Keeping It. Do you have strong desires to own your first house? Maintaining a good credit score is important, especially when you are young and have many years of borrowing ahead of you. If you are under 30, try not to over-borrow. When you plan to buy a house, you will need to be almost debt-free to ensure a low-interest rate.
Housing Wire
JANUARY 28, 2021
Home Point Capital , the parent company of Michigan-based wholesale lender Homepoint , intends to raise $94.25 million dollars in its IPO on Friday. That’s a significant downsizing from the $250 million its private equity backers planned to raise through the sale of 12.5 million shares priced between $19 and $21. Instead, the lender and servicer plans to price 7.25 million shares of common stock at $13.00 per share on Friday morning, the company said in a statement late Thursday evening.
Keeping Current Matters
JANUARY 25, 2021
As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey.
Maximum Exposure Real Estate
JANUARY 24, 2021
Tips For Buying a Foreclosure Over the years working as a real estate agent, many buyers have asked me about buying a foreclosed home. They essentially are asking how to buy a foreclosure. The appeal is that they’ve heard foreclosures are the bargain of the century. If you are considering buying a foreclosed home, it […]. The post Buying a Foreclosed Home: How to Buy a Foreclosure appeared first on Massachusetts Real Estate Exposure.
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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.
Coldwell Banker
JANUARY 29, 2021
Tips to Create a Functional Space for Your Evolving Stay-At-Home Needs. The post It’s Finally 2021, Make Your Home Feel New Again appeared first on Coldwell Banker Blue Matter.
Housing Wire
JANUARY 25, 2021
Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5 million mortgage originations between 2012 and 2018 from Freddie Mac’ s Single-Family Loan-Level dataset, Haus found that the sweet spot for rates is typically in January, when
Keeping Current Matters
JANUARY 27, 2021
According to the latest report from Black Knight, Inc. , a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program. 625,000 (9%) have paid off their mortgages. 434,000 (7%) have negotiated a repayment plan and have left the program. 2,254,0
Eye on Housing
JANUARY 28, 2021
After a surge in the pace of new home sales in the middle of the year, the monthly growth rate of newly built single-family home sales slowed at the end of 2020. Sales exceeded construction starts by a historic margin at the end of the summer. This necessitated an increase in starts and some slowing of sales. Nonetheless, the acceleration.
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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
JANUARY 27, 2021
Ridofranz/Getty Images Is 2021 the year you’re going to buy a real estate investment property? If you have your sights set on flipping a house for a big profit, you likely know how much work is involved. Sure, popular real estate reality shows like “ Flip or Flop ” and “ Flipping Across America ” make fix-and-flip investing look like a feasible endeavor, but you’re wise to the magic of TV, right?
Housing Wire
JANUARY 28, 2021
Zillow announced an update to its mobile app Thursday that aids in the fight against rental discrimination, per a company press release. Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.
Agent Drive
JANUARY 25, 2021
What Buyers Should Know About Home Inspections When you are buying a home for the first time, many things will look fresh and gleaming. That’s part of the excitement of buying your first home. It is not uncommon to get so caught up that you’re buying a home; some important things go unnoticed. It becomes […]. The post Home Inspection Considerations For Buyers appeared first on AgentDrive.
Coldwell Banker
JANUARY 26, 2021
Women have been outpacing men in single homeownership since 1980, according to annual buyer profiles compiled by the National Association of REALTORS®. Therefore, it should come as no surprise that in a dominantly female profession, many Coldwell Banker-affiliated agents are also investors of real estate and have shared their experiences with buyers.
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
JANUARY 27, 2021
helivideo/iStock If you’re playing the waiting game with mortgage rates, you may not want to wait much longer. A new study from Haus , the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders offer borrowers. The study found that much like the housing market itself the mortgage market ebbs and flows with the seasons.
Housing Wire
JANUARY 23, 2021
Housing demand soared in 2020 as mortgage rates dipped to all-time lows, resulting in a banner year for mortgage originators. But strong demand and a limited housing supply also led to rising home prices, causing some to speculate about a housing bubble. However, HousingWire Lead Analyst Logan Mohtashami isn’t worried. He did a deep dive into the topic in the article Three reasons there won’t be a 2021 housing market crash , and did a follow-up interview with Bloomberg Radio , hosted by Pa
Maximum Exposure Real Estate
JANUARY 25, 2021
What Affects Your Homes Appraised Value? Are you going to be buying or selling a home? Are you wondering what will determine your home’s appraised value? Dealing with the house appraisal process is part of most real estate transactions, whether you are buying or selling a home. By the time you’re done reading, you’ll know […].
Eye on Housing
JANUARY 26, 2021
According to NAHB’s latest Housing Trends Report (HTR), the share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the 3+year history of this series. The gain shows the COVID-19 pandemic continues.
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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.
Homes.com
JANUARY 28, 2021
If you're a homeowner interested in refinancing your home, preparation is key. Here's how to navigate five scenarios that may surprise you! The post 5 Surprising Facts About Refinancing Your Home appeared first on Homes.com.
Housing Wire
JANUARY 29, 2021
Last year, buyer demand increased due to record low mortgage rates. That said, because of those low mortgage rates, and fewer houses on the market, home prices went up. To put it simply, the last half of 2020 was a seller’s market. But will 2021 be the same? If you’re wondering whether it’s a good time to sell your house, keep reading. Here we break down the reasons why you should or shouldn’t sell in 2021: Should sell your house: Interest rates are low.
Realtor.com
JANUARY 26, 2021
Albina Gavrilovic / Getty Images During winter, when temperatures drop, we all want to keep our homes feeling (and looking) as cozy and comfortable as can be—and that’s easily done if you layer in the right fabrics like mohair, boucle, and chenille. “Soft textiles like these are obviously cozy, but they also provide a luxurious look that makes spaces feel timeless,” says Barbara Karpf , founder of DecoratorsBest.
Eye on Housing
JANUARY 25, 2021
In many communities, 2-4 unit multifamily housing (structures with two, three or four units) is the key to expanding the existing housing stock, in order to solve the housing shortage. Two-four unit multifamily residences such as duplexes, fourplexes, townhomes, courtyard buildings, and cottage courts provide much needed entry-level housing options and/or more affordable housing for the first-time home buyers and.
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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