Housing Wire

NOVEMBER 1, 2021

With mortgage rates falling during the COVID-19 crisis, many households were able to refinance to lower payments. Because a mortgage payment is almost always the most prominent payment households make each month, lower payments have allowed homeowners who bought homes to have better cash flow over the last few years. This means mortgage holders who have refinanced their homes to lower payments while their wages have also grown look great on paper.

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Keeping Current Matters

NOVEMBER 4, 2021

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble this time. After the last housing crash, about 9.3 million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank.

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Eye on Housing

NOVEMBER 1, 2021

NAHB analysis of Census Construction Spending data shows that total private residential construction spending decreased 0.4% in September to a seasonally adjusted annual rate of $773.5 billion. Total private residential construction spending was 19.3% higher than a year ago. Spending on single-family, multifamily constructions and improvements all declined in September, as homebuilding is still facing the supply chain issues, the.

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Sotheby's International Real Estate

OCTOBER 30, 2021

Whether they’re sculptural and contemporary or forged from Baccarat crystal, distinctive light fixtures make each of these homes shine. Magnificent Contemporary Farmhouse. San Francisco, California | Dana Cappiello, Sotheby’s International Realty – San Francisco Brokerage. This one-of-a-kind home is replete with showstopping spaces, each with unique details that include eye-catching light fixtures.

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Brokerage 143

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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.

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Housing Wire

NOVEMBER 5, 2021

J.P. Morgan , through its private label conduit , J.P. Morgan Mortgage Trust , so far this year has sponsored 13 private-label securitization offerings backed by jumbo loans valued at $13.8 billion. Those offerings, current through the end of October, involved more than 14,000 jumbo mortgages, according to bond-rating agency presale reports. The data show that J.P.

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Keeping Current Matters

NOVEMBER 3, 2021

Mortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over the past few weeks, rates have started to rise.

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Sotheby's International Real Estate

NOVEMBER 2, 2021

The unmistakable style of prolific architect William Pereira—whose cutting-edge creations included such landmarks as the Transamerica Pyramid in San Francisco—helped define the 20th century’s design aesthetic. This iconic midcentury residence, designed by Pereira and painstakingly restored, exhibits many of his trademark elements and his forward-thinking style.

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Design 142

Housing Wire

NOVEMBER 4, 2021

For career switchers looking for a new path that doesn’t necessarily require a college degree, they could do worse than the building trades. To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. “The construction industry needs more than 61,000 new hires every month, if we are to keep up with both industry growth and the loss of workers either thr

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Construction Renovation New Construction Development 529

Keeping Current Matters

NOVEMBER 5, 2021

Some Highlights. Heading into the end of the year, you might wonder if it’s still a good time to sell your house. Here’s what the latest data from the National Association of Realtors (NAR) says. Housing supply is lower than last year, and home prices are up nationwide. Meanwhile, the average home is selling fast and receiving several offers. Listing now puts your house in the spotlight , meaning it could sell quickly – and for more than you’d expect.

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Marketing 306

Realty Biz

NOVEMBER 3, 2021

If you find you need a source of extra income, the equity you have in your home could be the solution. A second mortgage will release some of the money you’ve put into your home when you need it the most, but there are some negatives to consider. There are some common mortgage questions to ask prior to obtaining a mortgage. We’ll review the five things you need to know about second mortgages before you decide to apply to a lender.

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Mortgages Equity Loans Renovation 134

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.

Industrial

HomeLight

NOVEMBER 1, 2021

As you prepare to list your home on the market you’re likely facing two of the most problematic questions home sellers ask — can I get more money for my house if I remodel? And if so, how do I decide what to remodel before selling? To untangle this conundrum, HomeLight asked top real estate agent MaryBeth Harrison of Dallas, Texas. Harrison advises sellers that buyers are touring houses hoping to see themselves living there.

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Housing Wire

NOVEMBER 2, 2021

On Tuesday Zillow announced it will be shutting down its Offers business, which wasn’t too much of a shock considering how their stock had been performing for some time. The news was that they had been overpaying for homes and their losses on those purchases were getting larger and larger. Life being a publicly traded company can be fantastic or brutal at times.

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Keeping Current Matters

NOVEMBER 2, 2021

With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying : “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further next year.” But the sense of urgency they feel is complicated by the lack of homes for sale in today’s market.

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Realty Biz

NOVEMBER 2, 2021

Pending home sales, a key measure of signed contracts to buy existing homes, unexpectedly dropped by 2.3% in September compared to a month ago. The National Association of Realtors said sales may have dropped due to higher mortgage rates. Analysts were expecting a small monthly gain in pending home sales. The average 30-year fixed-rate mortgage fell below 3% in July and stayed at that level until the first week of September, before rising to end the month at 3.15%, Mortgage News Daily reported.

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Sales Fixed-rate mortgage Mortgages Closing 132

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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.

Agents

Maximum Exposure Real Estate

NOVEMBER 1, 2021

Contingent Real Estate When checking online real estate listings, you might come across some phrases you don’t recognize. One such phrase is “contingent,” but what is a contingent sale, and how will it affect your property transaction? Real Estate agents often assume that consumers have a strong grasp of all the real estate terms we […].

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Housing Wire

NOVEMBER 3, 2021

Zillow CEO Rich Barton. “Look, similar to other technology companies that have gone before us, we strongly believe in taking big swings and failing fast. We have learned from our experience in Zillow Offers in Q3 and are applying those learnings as we look ahead.”. Those were Zillow CEO Rich Barton’s closing remarks on Tuesday’s earnings call, after the CEO shockingly announced the wind down of the Zillow Offers iBuying program, plus a pending lay off of 2,000 employees.

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Keeping Current Matters

NOVEMBER 1, 2021

Rents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January to September averaged just 3.4 percent in the pre-pandemic years from 2017-2019.”.

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Equity Loans Mortgages As-is 299

Eye on Housing

NOVEMBER 4, 2021

An earlier post revealed that 66% of buyers who were actively engaged in the process of finding a home in the third quarter of 2021 have spent 3+ months searching for a home without success. For only the third time in this series history, the top reason these long-time searchers haven’t pulled the trigger is not because they can’t find.

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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.

Sales

Realty Biz

NOVEMBER 2, 2021

Are you familiar with Twitter Spaces and plan to use it for your real estate business? Is this new in-app feature helpful for real estate agents? Does it make sense to tap into its potential to drive more real estate leads? What Are Twitter Spaces? Twitter Spaces are right now more or less an experiment. Whether they will help your real estate business or not is a matter of adoption and engagement.

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Agents Industrial As-is Marketing 127

Housing Wire

NOVEMBER 5, 2021

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Aspen, Colorado. This is probably not the time to buy your Aspen dream home. According to a report produced by Douglas Elliman and real estate appraisal company Miller Samuel , single-family home listings sloped down 58% year-over-year in July 2

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Marketing Loan Officer Loans Agents 476

Lighter Side of Real Estate

NOVEMBER 4, 2021

There are plenty of things potential buyers are looking for when they evaluate a property. But one thing that’s non-negotiable for many buyers is living in an area where they feel safe. According to data recently outlined in an article in REALTOR® Magazine , 50 percent of recent homeowners ranked crime and safety as the most important factor in determining where they moved—more important than cost of living (43 percent), quality of schools (43 percent), or taxes (34 percent).

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The Mortgage Report

NOVEMBER 4, 2021

FHA loan requirements are more lenient than most other loan programs. That means you can buy or refinance a house more easily. Here's how.

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FHA loan Loans Mortgages 122

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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.

Brokerage

Realty Biz

NOVEMBER 1, 2021

Do real estate TikTok ads work? How do you advertise on this popular social platform to drive leads and potential sales? Let’s take a look at some of the particularities that differentiate TikTok from other social media networks. TikTok Demographics. TikTok is a social media platform preferred mainly by young people – or Generation Z – this means users aged between 10 and 29.

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Housing Wire

NOVEMBER 3, 2021

It’s official. The Federal Reserve announced Wednesday that it will soon begin to taper its monthly asset purchases. The central bank’s Federal Open Markets Committee said Wednesday that thanks to “substantial further progress” the economy has made, it will reduce the pace of its $120 billion in monthly purchases by $10 billion for Treasury securities and $5 billion for agency mortgage-backed securities.

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Fixed-rate mortgage Banks Mortgages Finance 476

American Lifestyle

NOVEMBER 5, 2021

The post 5 Smart Upgrades that Increase Your Home’s Appeal appeared first on American Lifestyle Magazine.

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Technology 119

Sotheby's International Real Estate

NOVEMBER 5, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Hillsborough, California | Jennifer Gilson, Golden Gate Sotheby’s International Realty . ‘The ‘Western White House,’ and former home of William Randolph Hearst, is currently on the market for $25 million. Inside William Randolph Hearst’s ‘Western White House’ in California – Cottages & Gardens.

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Design Marketing 116

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.

Agents

Realty Biz

NOVEMBER 4, 2021

Tips For Finding Who Owns a Specific Property. Are you in the process of looking for a home in a tight real estate market? You are not alone, as the inventory of homes around the country has been low for quite a while. When you’re in the process of purchasing a new house, you might encounter some properties that you like that are not listed for sale.

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Housing Wire

NOVEMBER 4, 2021

The average 30-year-fixed rate mortgage dropped to 3.09 % during the week ending Nov. 4, down from 3.14% the week prior , according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78 %. Most economists believe mortgage rates will climb following as the Federal Reserve tightens monetary policy. The central bank’s Federal Open Markets Committee announced on Wednesday that it will begin to taper its monthly asset purchases starting in Novembe

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Fixed-rate mortgage Mortgages Banks Industrial 468

GeekEstate

OCTOBER 31, 2021

In the past, property management hasn’t been a particularly tech-savvy industry, but modern technology is helping virtually every sector increase speed and efficiency. Even if you still prefer to manage your properties through paper receipts and spreadsheets, today’s Millennial and Gen Z renters are demanding technology as a part of their entire rental experience.

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App Folio

NOVEMBER 4, 2021

Are you spending too much time managing maintenance requests around the clock? Streamline this process and cut down the time.

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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.

Agents