Housing Wire
MAY 14, 2021
In the last few years, there’s been a lot of conversation surrounding 25 to 40-year-olds and their home purchasing habits. But according to a new LendingTree study , millennials aren’t the only ones making big purchases – Generation X is doing the same. Generation Xers are taking advantage of the housing boom. Generation Xers were born between 1965-1980 and range between 41 to 56-years-old.
Keeping Current Matters
MAY 10, 2021
There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house.
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Maximum Exposure Real Estate
MAY 10, 2021
What Are The Advantages and Disadvantages of Subdivision Houses? Are you considering buying a house in a subdivision? Subdivision houses bring with them pros and cons. When buying a home, you want to make sure you’re choosing the best property for you. If you are buying a subdivision home, you need to consider and be […]. The post Subdivision Houses: Pros and Cons of Buying a Home in a Subdivision appeared first on Massachusetts Real Estate Exposure.
Realtor.com
MAY 11, 2021
Getty Images If you found yourself spending more time and money on your garden than ever last year, you’re not alone. According to an analysis of retail giant Walmart’s supply chain, the pandemic shutdown led to an “unprecedented” demand for lawn and garden items last year. Plus, a survey conducted this year for the International Casual Furnishings Association revealed that 78% of Americans made outside upgrades during COVID-19.
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
MAY 10, 2021
The key to the U.S. getting back on track economically is for its citizens to freely walk the earth again without the existential threat of COVID-19. The U.S. is getting closer and closer to meeting that goal, while other countries are still trying to control the virus. Before the successful vaccination program, I targeted Aug. 31, 2021, as the launching point for when we can fully achieve this, with the mindset that all jobs lost to COVID would be back online by September 2022 or earlier.
Keeping Current Matters
MAY 13, 2021
Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
MAY 10, 2021
Getty Images First impressions matter when you’re getting ready to sell a house. Your home’s curb appeal can help you earn top dollar—or it can send buyers running for the hills. “Today’s buyers are driven by curb appeal and look for exteriors that reflect their taste and appear well taken care of,” says Tamara Moritz , a Realtor® at Coldwell Banker Realty in Austin, TX.
Housing Wire
MAY 13, 2021
Robin Sheridan, a real-estate broker with Compass Washington, recently listed a three-bedroom home in Seattle for $795,000. The 76-year-old brick home had what Sheridan considered a “funky layout,” with two rooms added to the back that didn’t quite integrate into the flow of the home. Still, they functioned well as office spaces. Sheridan received 29 offers on the property, which went pending within five days – and sold for $1.013 million, or 27.4% over the list price.
Keeping Current Matters
MAY 11, 2021
It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes : “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversation
Homes.com
MAY 10, 2021
Even in a seller's market, how you price your home can make or break your plans. These steps will help ensure you have an accurate list price! The post How to Price Your Home in an Extreme Market appeared first on Homes.com.
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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.
Realtor.com
MAY 13, 2021
Getty Images There’s a host of reasons for downsizing to a smaller home. You might want to pocket the savings and build upon your nest egg. Maybe you’re ready for a new adventure and eager to move to a high-rise condo in the city. Or finally—the kids have flown the coop, and you don’t need the extra bedrooms and bathrooms anymore. Whatever your motive is for downsizing, an honest evaluation of your expectations is essential to make an informed decision.
Housing Wire
MAY 13, 2021
The average 30-year fixed rate mortgage managed another dip last week, falling two basis points to 2.94%, according to Freddie Mac ‘s PMMS. Since the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under 3% for the past month. Despites last week’s rates mirroring closer to what was seen in February, Sam Khater, Freddie Mac’s chief economist isn’t convinced they will last. “The low mortgage rate environment has been a
Keeping Current Matters
MAY 12, 2021
Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance.
Eye on Housing
MAY 13, 2021
Prices paid for goods used in residential construction ex-energy rose 1.7% in April (not seasonally adjusted) and have increased 12.4% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.
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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.
Better Dwelling
MAY 11, 2021
Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]. The post Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices appeared first on Better Dwelling.
Housing Wire
MAY 11, 2021
Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.
Keeping Current Matters
MAY 14, 2021
Some Highlights. Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations.
Eye on Housing
MAY 11, 2021
NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable. The arrival of the COVID-19 pandemic in the spring of 2020 likely accelerated the long-term, rising popularity of exercise.
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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
MAY 13, 2021
Getty Images Summer vacation, here we come! With June in sight and states opening up across the country, real estate activity is buzzing—especially in the Northeast and Midwest, where buyers are jumping fully into the market earlier than usual, according to the latest analysis of Realtor.com® data. Looking at how quickly homes sell and which metros’ listings are viewed the most on our site gives us a picture of which markets are the hottest in the nation.
Housing Wire
MAY 14, 2021
Are you thinking about buying your first home? Because of today’s low interest rates , some homebuyers may be able to afford the homes of their dream. But low interest rates aren’t the only thing you should consider when house shopping. Due to high demand, the housing supply is slim. But that doesn’t mean you should settle for a house you don’t love.
Brownstoner
MAY 11, 2021
In a World War II-era housing complex originally designed for Navy officers and the enlisted, this Clinton Hill co-op has some appealing features, including a spacious layout with room for a home office. The Clinton Hill Cooperatives, designed by Harrison, Fouilhoux & Abramovitz, is a complex of 12 buildings stretched over… Read More > The post One-Bedroom in Clinton Hill Cooperatives With Dual Exposures, Blue-Tiled Bath Asks $650K appeared first on Brownstoner.
Eye on Housing
MAY 10, 2021
An earlier post revealed that 64% of buyers who were actively engaged in the process of finding a home in the first quarter of 2021 have spent upwards of 3 months searching for a home without success. For the second time in this series history, the most common reason long-time searchers haven’t pulled the trigger is not because they can’t.
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.
Agent Drive
MAY 13, 2021
Imagine this – you are scrolling through your Facebook feed when you see that your friend just bought a new home. What?! You didn’t even know they were interested in buying and now you are bummed that you missed an opportunity to work with them. But with a few communication tips this could have been avoided. […]. The post 3 Communication Tips to Attract Business Without Being Salesy appeared first on AgentDrive.
Housing Wire
MAY 12, 2021
Some things in life are so complicated that it’s easier to say, “Screw it — I’m not going to do this at all.” That’s what building a new home is like for most people. The process is so fraught with complexity that it can be more attractive to find a house that’s ready for move-in, even if it doesn’t check all the boxes. But, even then, today’s homebuyers aren’t spoiled for choice.
Realtor.com
MAY 11, 2021
Getty Images Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday , citing the results of a survey of nearly 1,000 U.S. adults conducted in April. Last year, only 50% of people felt this way, marking a record low since Gallup began tracking Americans’ sentiment on the housing market in the 1970s. 53% of Americans believe now is a
Lighter Side of Real Estate
MAY 13, 2021
If you’re thinking about selling your home, you want to list it at a time when it’s going to sell at the highest premium. And, as it turns out, that time is in May. According to a recent analysis from ATTOM Data Solutions , which reviewed over 40 million home sales between 2011 and 2020, on average, homeowners sell their properties for 13.4 percent above the estimated market value in May—the highest of any month.
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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
MAY 8, 2021
Whether Old World or modern in inspiration, a fountain brings the serene sounds of water to any home. At each of these five estates—from Florida to California wine country—a fountain becomes an eye-catching element that turns an outdoor area into a peaceful, placid oasis. Frogmore Vineyard Estate. Sonoma, California | Tina Shone, Sotheby’s International Realty – Wine Country – East Napa Street Brokerage.
Housing Wire
MAY 11, 2021
The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Redfin Chief Economist Daryl Fairweather said the numbers are likely exaggerated because demand for second homes dropped 24% year over year in April 2020, the month after the coronavirus pandemic permeated throughout the U.S.
Realtor.com
MAY 12, 2021
Getty Images If you live in a small space, you’re used to having to come up with clever solutions to maximize your home’s potential. So whether you’re looking to renovate a studio apartment or small house, there are ways to make your space look chic without skimping on style or functionality. “It’s so important to plan ahead, stick to your budget, and map out a timeline that works for your schedule to avoid having to cut corners,” says Breegan Jane , interior designer and partner at
The Mortgage Report
MAY 10, 2021
Learn how to apply for a VA home loan. Follow this step-by-step process to access your VA home loan benefits and buy or refinance a house at a low rate.
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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