Where Are Mortgage Rates Headed?
Keeping Current Matters
APRIL 13, 2022
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American.
Keeping Current Matters
APRIL 13, 2022
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American.
Housing Wire
APRIL 14, 2022
Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of rea
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The Close
APRIL 13, 2022
While it seems like every Realtor is making real estate videos these days, most shouldn’t even bother. Why? They don’t focus on why they’re making videos in the first place— to generate and nurture leads! That’s why I decided to work with agents from around the country to highlight 21 examples of real estate videos top agents are making that actually fill their customer relationship manager (CRM) with leads.
Maximum Exposure Real Estate
APRIL 9, 2022
Differences Between Real Estate Agents, Realtors, and Brokers One of the questions I often get is if there is a difference between a Realtor®, Real Estate agent, and a broker. The difference between a real estate agent and Realtor® is significant. Hiring someone to help you with a real estate transaction can sometimes be confusing […]. The post Real Estate Agents vs.
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.
Keeping Current Matters
APRIL 14, 2022
If you’re thinking of selling your house, it may be because you’ve heard prices are rising, listings are going fast, and sellers are getting multiple offers on their homes.
Housing Wire
APRIL 11, 2022
Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Wait, what? But we have a housing shortage, right? Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. The big theme of my housing work since 2010 has been that the housing market would have its weakest recovery from 2008 to 2019 because we simply built
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
APRIL 11, 2022
How to Make an Offer For a House Buying a house in today’s competitive market can be a real challenge. Potential buyers need to understand that making offers could become a routine before landing your dream house. It’s an extreme seller’s market where a bidding war is a norm and not the exception. It’s a […]. The post Making Offers on Houses: What You Need to Know appeared first on Maximum Real Estate Exposure.
Keeping Current Matters
APRIL 15, 2022
Some Highlights. If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today.
Housing Wire
APRIL 15, 2022
We’ve all been wondering what 5% plus mortgage rates would do to the hot housing market, and now we’ve got that and a bag of chips. This topic is something very near and dear to my heart because going back to the summer of 2020, I have said that one of the only factors that could cool down the housing market was the 10-year yield getting over 1.94%, which would result in higher mortgage rates.
Eye on Housing
APRIL 13, 2022
According to the latest Producer Price Index (PPI) report released today by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted) climbed 1.4% in March, following an upwardly revised increase of 2.2% in February and 4.1% in January. This adds up to an 8% jump in building materials prices since the start.
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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.
Sotheby's International Real Estate
APRIL 12, 2022
Heralded since the early 20th century as a tropical paradise, Palm Beach has long been a destination for luxurious coastal living with a singular architectural style—clear Mediterranean inspiration and a dedication to patios, loggias, lawns, and balconies that link interiors with surroundings. Many of the hallmarks of an iconic Palm Beach haven are on full display at this 1930 estate, including a barrel-tile roof, balconies and stairways with decorative iron railings, sunset-hued stonework, Old
Keeping Current Matters
APRIL 12, 2022
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever.
Housing Wire
APRIL 13, 2022
Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark. Refinance applications fell 5% from the prior week and 62% from the same week a year ago, according to the Mortgage Bankers Association ‘s weekly survey. “Mortgage rates have spiked more than 1.5 percentage points thus far in 2022,” Mike Fratantoni, MBA’s senior vice president and chief economist, said in a statement.
HomeLight
APRIL 13, 2022
Since the pandemic, everyone’s looking at outdoor living spaces through a new, more appreciative lens. Taking things outside helped us survive the worst COVID waves, and the habit isn’t going anywhere. If the weather cooperates, why not work, host the party, or enjoy a meal in the fresh air? “It’s really important to maximize your outdoor space. People want higher quality furniture and higher quality design,” says Kiel Wuellner , vice president of design for Los Angeles-based Vesta, which specia
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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.
Real Trends
APRIL 14, 2022
Home buyers looking for a home in 2022 will have to look for properties that are roughly $40,000 cheaper, according to a report released by the National Association of Realtors on Wednesday. According to NAR, rising inflation is to blame for the smaller home buying budgets. In March, inflation accelerated to 8.5% , the strongest pace of inflation in 40 years.
Keeping Current Matters
APRIL 11, 2022
If you’re buying or selling a home this year, you’re likely saving up for a variety of expenses.
Housing Wire
APRIL 13, 2022
Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions. Such mistakes can cost companies millions of dollars and expose sensitive data from millions of customers.
Eye on Housing
APRIL 12, 2022
Driven by higher food, gasoline and housing cost, consumer prices continued to accelerate in March. This marked the sixth straight month for inflation above a 6% rate and was the fastest annual pace since December 1981. Though gas prices have fallen slightly from their March highs, the pace of inflation will likely stay high in the months ahead as lockdowns.
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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.
Brownstoner
APRIL 13, 2022
Spend a week exploring and supporting the independent bookstores of the borough with the return of the Brooklyn Bookstore Crawl. On hiatus during the pandemic, the event is back as a lead-up to the annual Independent Bookstore Day. More than 20 bookstores are participating in the event, which runs from April… Read More > The post Get Ready to Snap Up Some Books With the Return of the Brooklyn Bookstore Crawl appeared first on Brownstoner.
Sotheby's International Real Estate
APRIL 9, 2022
With environmentally responsible elements and the ability to manage entertainment, lighting, and climate-control systems from anywhere in the world, these compelling homes set high—and high-tech—standards for luxurious modern living. Sunset Strip Sophistication. John Galich & Cris Leche, Sotheby’s International Realty – Beverly Hills Brokerage.
Housing Wire
APRIL 14, 2022
The 5% threshold has been crossed, and given all the headwinds in the U.S. economy, it doesn’t appear that mortgage rates will be dropping below that mark anytime soon. Purchase mortgages this week averaged 5%, up 28 basis points from 4.72% a week ago , according to the latest Freddie Mac PMMS. A year ago at this time, rates were at 3.13%. The GSE’s index accounts for just purchase mortgages reported by lenders over the past three days. “This week mortgage rates averaged 5% for the f
HomeLight
APRIL 15, 2022
A door is opening to a new chapter of your life, and maybe you’re looking at a fast move. Whether you are an empty-nester looking to downsize or a tech professional migrating from Silicon Valley to Silicon Prairie , you are on a mission to sell your house fast in Irvine, California. With the top-rated schools, exquisite outdoor activities, and close proximity to the best beaches in Orange County , Irvine is an attractive destination for active people and for families, giving you lots of great se
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.
Eye on Housing
APRIL 14, 2022
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2002 posted a reading of 86, unchanged from the first quarter of 2021. The RMI and all of its components and subcomponents were all 80 or higher (on a scale of 0 to 100) indicating of positive residential remodeler sentiment. The RMI is based on a survey that asks.
Lighter Side of Real Estate
APRIL 13, 2022
Whether you sold a home in the past few years or not, you’re probably well aware that houses have been selling fast, with multiple offers, and over asking price. But everyone also knows it can’t always be like that. The real estate market is cyclical, and we’ve seen a favorable market for sellers for quite a while now. So at some point it will likely shift in favor of buyers, at least to some degree.
Housing Wire
APRIL 13, 2022
In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. The Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.
HomeLight
APRIL 12, 2022
If you find yourself punching “how fast will my home sell?” into your search bar, you’re not alone. Most home sellers want their home sale process to be quick and painless. Fortunately, the current market is on your side — 84% of recent listings have stayed on the market for less than one month as of February 2022, with homes receiving more offers compared to the same time last year.
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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
APRIL 11, 2022
NAHB analysis of the Current Population Survey’s (CPS) 2020 Annual Social and Economic Supplement (ASEC) estimates the national homeownership rate at 66.4%. This analysis provides a further breakdown of this rate through the lens of married couple homeownership, which we estimate at 79% for 2020.
Lighter Side of Real Estate
APRIL 13, 2022
It’s tough to land listings in any market, but when you’re smack dab in the middle of a market with low inventory, they’re like lassoing a unicorn under a rainbow. You could go with the all-too-common advice of hitting up FSBO’s, or calling on expired listings, but so is every other agent out there. Sitting open houses and waiting for someone who needs to sell their house to stroll in might work, but good luck having a house to even hold open.
Housing Wire
APRIL 11, 2022
In a selling guide announcement released last week, Fannie Mae announced that it would be accepting written opinion letters from an attorney in lieu of a title insurance policy “in limited circumstances.”. According to the announcement, lenders “must ensure the loan is covered by either a title policy issued by an acceptable insurer (including any required endorsements) or a title opinion letter issued by an attorney.”.
HomeLight
APRIL 11, 2022
You might have heard that the home appraisal process is nerve-racking for sellers, who are eager to see what financial value a professional appraiser places on their home. But buyers don’t find this process smooth sailing, either! With about 40% of Americans in one survey saying that buying a home is the most stressful event in modern life — and 13% of those respondents worrying after the purchase that they overpaid — the more informed a buyer is, the better.
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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