Housing Wire
FEBRUARY 16, 2022
Mortgage applications decreased 5.4% for the week ending Feb. 11, reflecting what the mortgage market looks like when rates eclipse 4% for the first time since 2019. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 8.9% from the previous week, bringing its share of total applications to the lowest level in 19 months. Meanwhile, the purchase index dropped a mere 1.2%.
Keeping Current Matters
FEBRUARY 14, 2022
Financial benefits are always a key aspect of homeownership, but it’s also important to understand that the nonfinancial and personal benefits are why so many people genuinely fall in love with their homes.
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RIS Media
FEBRUARY 16, 2022
A strong job market is helping to boost renter confidence as we enter the third year of the pandemic, according to a new survey released Tuesday by Avail, a part of realtor.com ®. According to the survey, 82% of renters said they have not missed a rent payment over the past 12 months, up significantly from 57% in Sept. 2021. Looking forward, more than three-quarters of renters (77%) don’t expect to miss a rent payment in the next three months—more than double the 38% who said this in the Sept.
Maximum Exposure Real Estate
FEBRUARY 18, 2022
How Do Closing Cost Credits Work In real estate, there are specific terms you should understand well. Two such terms are closing costs and closing cost credits. If you are selling a home, there is a good chance that you will encounter a buyer that requests you to pay part of their closing costs. It’s […]. The post Closing Costs and Closing Cost Credits Explained appeared first on Maximum Real Estate Exposure.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Housing Wire
FEBRUARY 17, 2022
Potential homebuyers seeking Freddie Mac -backed mortgages will no longer have to hunt for paper pay stubs to verify their income. Freddie Mac announced on Wednesday that it will roll out an automated process that allows mortgage lenders to assess a prospective homebuyer’s direct deposit income. Freddie Mac claims this would reduce the paper documentation burden on borrowers, speed loan closing and simplify the lending process.
Keeping Current Matters
FEBRUARY 17, 2022
A recent survey revealed that many consumers believe there’s a housing bubble beginning to form.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
FEBRUARY 13, 2022
Tips on How to Deal With Bad Neighbors Do you want to know how to deal with toxic neighbors? Selling your home can be challenging, even in the best circumstances. There is just a lot of work involved in selling. So even if you do everything correctly and a buyer arrives on your doorstep the […]. The post How to Deal With Bad Neighbors When Selling a Home appeared first on Massachusetts Real Estate Exposure.
Housing Wire
FEBRUARY 18, 2022
The National Association of Realtors reported that existing home sales for January came in as a big beat at 6.5 million. This is well above my peak sales ranges for 2022, as the sales trend forecast was between 5.74 million and 6.16 million. So, we have started the year off on a stronger-than-expected note. I believe there might have been some spillover demand from December into January as the December number came in lighter than expected.
Keeping Current Matters
FEBRUARY 18, 2022
Some Highlights. There’s an influx of buyers looking for homes today, and that means your house is in high demand. Here are a few reasons why so many people are looking to buy a home. Buyers are motivated to beat rising mortgage rates, and many want to escape rising rents. There’s also additional demand from millennials who are reaching peak homebuying age.
The American Genius for Real Estate
FEBRUARY 14, 2022
NAR CEO Bob Goldberg calls the racial homeownership gaps "the most consequential civil rights issue of our day" in this editorial. The post America’s racial homeownership gaps remain focus of the present and future appeared first on The American Genius Real Estate.
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.
The Mortgage Report
FEBRUARY 15, 2022
It's possible for two or more people to buy a home if all the buyers qualify for financing. Learn about buying a home with another person here.
Housing Wire
FEBRUARY 17, 2022
The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. 17, up 23 basis points from the previous week. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. The PMMS report is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Keeping Current Matters
FEBRUARY 15, 2022
If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers.
Maximum Exposure Real Estate
FEBRUARY 14, 2022
What is DOM in Real Estate? During the home buying or selling process, you might encounter new terms and abbreviations you don’t understand. One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. It starts from when […]. The post How Does Days on Market Impact Home Sales: DOM Explained 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.
Eye on Housing
FEBRUARY 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction jumped 28.1% in 2021. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction lagged for much of 2020. However, demand for medium density neighborhoods returned as the economy more fully reopened during.
Housing Wire
FEBRUARY 18, 2022
Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% from the prior month to a seasonally adjusted annual rate of 6.5 million. January sales fell 2.3% from a year earlier, though the median existing-home price rose 15.4% annually to $350,000, according to the Friday report from the National Association of Realtors.
Keeping Current Matters
FEBRUARY 16, 2022
While some homeowners may be tempted to hold off until spring to list their houses, you should know – homebuyers aren’t waiting.
The Mortgage Report
FEBRUARY 16, 2022
Home buyers are feeling the squeeze of low inventory and heavy competition. Here's how to fight home buyer burnout and stay motivated in this market.
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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.
Eye on Housing
FEBRUARY 16, 2022
Despite strong buyer demand, builder sentiment continued to slip in February as the industry grapples with ongoing building material production bottlenecks that are raising construction costs and delaying projects. Builder confidence in the market for newly built single-family homes moved one point lower to 82 in February, marking the second straight month that confidence levels have declined by a single.
Housing Wire
FEBRUARY 18, 2022
Mortgage applications for new homes stalled in January, dipping by 12.5% year-over-year, according to a Mortgage Bankers Association ’s survey published this week. The trade group noted that the survey results showed the slowest annual pace since July 2021. However, from December 2021 to January, purchase applications grew, with a 10% month-over-month gain recorded by MBA’s survey.
Sotheby's International Real Estate
FEBRUARY 15, 2022
In Japanese, the word amaya is written with characters that mean “heavenly valley.” Fittingly, the striking Japanese-inspired contemporary estate known as Amaya, occupies some 41 hillside acres in Northern California’s wine country. Dramatic vistas of deep verdant valleys, vineyard-speckled mountains, and a rare north-end view of the serene Lake Hennessey can be observed from nearly every pocket of the generous property.
Realty Biz
FEBRUARY 15, 2022
Interested in investing in real estate, but don’t have much cash or experience? Coughing up $50,000 as a down payment on a rental property is far from your only option to invest in real estate. As you explore your options, consider the following ways to invest in real estate. 1. Real Estate Stocks. Many industries intersect with real estate. For example, homebuilder stocks tie directly to the real estate market, as do home improvement retailers like Lowe’s and Home Depot.
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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.
Eye on Housing
FEBRUARY 14, 2022
NAHB recently released its 2022 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 87.5 million households (roughly 69 percent of all U.S. households) are not able to afford a new median priced new home in 2022, meaning their incomes are insufficient to qualify for a mortgage under standard underwriting criteria. .
Housing Wire
FEBRUARY 17, 2022
On Thursday, the U.S. Census Bureau reported that housing permits came in at an excellent print at 1,899,000 , surprising me. Then I took a look at housing completions at 1,246,000, and it reminded me of the sad state of the housing market. We have the demand — we just don’t have the supply. Global pandemics have always created short-term shortages due to a lack of production capacity.
Sotheby's International Real Estate
FEBRUARY 17, 2022
Aspen, Colorado | Matt Holstein, Aspen Snowmass Sotheby’s International Realty. The antidote to chilly winter weather? Slow activities like curling up indoors and staying warm by a fireplace, or taking a long, luxurious bath. There are also design elements that can help create cozy surroundings to provide maximum comfort when temperatures drop.
Brownstoner
FEBRUARY 18, 2022
Three generations of the Robinson-Torain family have called a brownstone in Crown Heights their home for more than 70 years. They may not be there much longer. The family is enduring a third forced eviction attempt from the real estate company that now owns the brownstone, Mandy Management. The family had… Read More > The post Crown Heights Family Fights Eviction From Their Brownstone Home of Over 70 Years appeared first on Brownstoner.
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
FEBRUARY 15, 2022
For 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 1,111,414. On a year-over-year (YoY) basis, this is a 13.7% increase over the December 2020 level of 977,863. Year-to-date ending in December, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 15.9%, followed by the South (+15.2%), the Midwest (+11.2%), and.
Housing Wire
FEBRUARY 18, 2022
You can’t please all the people all of the time, but Redfin is a unique real estate brokerage , an instant homebuyer, a popular listings website, a platform for renters, a mortgage company, a title company, a concierge service, and a research service on the U.S. housing market. What does that all add up to? A company that posted a $110 million dollar loss in 2021, a sextuple leap from the $19 million lost in 2020.
The Mortgage Report
FEBRUARY 17, 2022
With inflation pushing mortgage rates and home price growth up in 2022, some wonder if we will see another housing market crash.
The American Genius for Real Estate
FEBRUARY 15, 2022
(TECHNOLOGY) Keeping your website and mobile up to date is the first step. Check out these UX and UI design trends that will dominate the future of tech. The post 5 UX and 5 UI design trends leading the way for 2022 and beyond appeared first on The American Genius Real Estate.
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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