Housing Wire

MAY 18, 2021

Skyrocketing prices for lumber, appliances and other building materials continue to handcuff new housing starts all over the country. Single-family housing starts in April dropped 13.4% from March to a rate of 1.09 million, according to the most recent study from the U.S. Census Bureau. Housing completions were at a rate of 1.045 million in April, just 0.1% above the March rate of 1.04 million — proof that builders are delaying housing starts due to the marked increase in costs for lumber and ot

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Keeping Current Matters

MAY 20, 2021

The level of equity homeowners have is at an all-time high. According to the U.S. Census , over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. According to the first-quarter 2021 U.S.

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Point2Homes

MAY 21, 2021

Image: William Potter / Shutterstock.com. Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on your new home. And, while you might be tempted to rush through the process as quickly as possible, cutting corners could be financially detrimental in the long run.

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Better Dwelling

MAY 15, 2021

We’re all in this together. Okay, we weren’t in it together — but we’re really sorry about one of the greatest transfers of wealth in history. That was the takeaway from a Bank of Canada (BoC) speech earlier this week, by Governor Tiff Macklem. In a totally not ironic speech on inequality, he suggested quantitative […]. The post Whoopsie! Bank of Canada Says Their Use of QE May Have Caused Greater Inequality appeared first on Better Dwelling.

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Banks 144

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.

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Housing Wire

MAY 21, 2021

According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me.

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Sales Marketing Mortgages 541

Keeping Current Matters

MAY 18, 2021

Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment among several options — seeing it as superior to stocks, gold, savings accounts an

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Homes.com

MAY 21, 2021

We highlight eight of the most common features of HGTV Dream Homes, PLUS our top tips for incorporating them into your own home! The post Love HGTV Dream Homes? Check Out These 8 Common Features! appeared first on Homes.com.

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Housing Wire

MAY 19, 2021

After three straight quarters of declines, home purchases by investors rose 2.7% year over year in the first quarter of 2021, marking the first period of growth since the COVID-19 pandemic began, per a new study from Redfin. Looking to take advantage of the hot housing market and a soaring stock market, investors bought about 1 of every 7 U.S. homes in the first quarter — up from the prior three quarters, in which they bought closer to 1 in 10 homes.

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Keeping Current Matters

MAY 19, 2021

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.

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Better Dwelling

MAY 20, 2021

Canadian real estate prices have been on a tear, with a typical home now making more than the people inside of it. Still, a new model from the Bank of Canada (BoC) thinks that’s not bubbly, and is within their policy. The central bank’s Q1 2021 numbers show only three real estate markets are exuberant. […]. The post Bank of Canada Indicators Now Show Some Real Estate Markets Are A Bubble appeared first on Better Dwelling.

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Eye on Housing

MAY 21, 2021

After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in April surged to an all-time high and was the largest annual pace on record. Total existing.

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Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019.

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Marketing Sales Mortgages As-is 540

Keeping Current Matters

MAY 21, 2021

Some Highlights. For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Contact a local professional if you’re ready to make real estate your best investment this year.

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Marketing 293

Realty Biz

MAY 17, 2021

How Do Land Surveys Work? Are you in need of getting a land survey done? You might have never thought about ever needing a land survey until recently. Is this something people need to go through? No, this is not a compulsory step. However, it is a beneficial, even money-saving, step. Sometimes people get a survey done because they are interested in finding their property lines.

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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.

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Homes.com

MAY 20, 2021

A Homes.com survey of over 1,500 homebuyers found that 42% are willing to buy sight unseen, or at least consider it. But, can it be done safely? The post How to Avoid a Disaster When Buying Sight Unseen appeared first on Homes.com.

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Housing Wire

MAY 19, 2021

A full month of sub-3% mortgage rates , ongoing housing market supply constraints, and a 300% increase in lumber prices over the past 15 months has prompted Fannie Mae ‘s Economic and Strategic Group to revise several of its 2021 forecasts. March’s existing home sales report perfectly illustrated the country’s core housing market issues – a decade of under-building led to a 3.7% decline in transactions from the prior month, even though there’s never been more demand for a

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Keeping Current Matters

MAY 17, 2021

When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia : “ When you close on a home, a number of fees are due.

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Eye on Housing

MAY 20, 2021

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building continues to experience flat conditions amidst strong demand and rising material challenges. There were 36,000 total custom building starts during the first quarter of the year. While this marks a 22% gain from the first quarter of 2020, that comparison is affected.

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Design 122

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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.

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Realty Biz

MAY 18, 2021

Linkedin is an excellent platform for lead generation right now. Linkedin has around 650 million members worldwide and is predominantly made up of the white-collar workforce, with a higher income bracket than all other social media platforms. . Linkedin has the greatest organic reach of any social media platform in 2021. This reach means that any updates, videos, or images you post to Linkedin will have the potential to reach a vast number of users without spending any money on ads.

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Housing Wire

MAY 17, 2021

With the economic expansion well underway, one big question remains: When will mortgage rates move toward 4% and higher? Mortgage rates increased toward 3.25% in mid-February from the recent all-time lows of 2.625% at the start of the year, but then retracted to around 3.0% currently. The bond market in 2021 has been above 1.60% for a brief time, with a recent high of about 1.75%.

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Mortgages Marketing 521

Sotheby's International Real Estate

MAY 21, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Granite Bay, California | Tricia Rossi & Nick Sadek, Nick Sadek Sotheby’s International Realty . Swan Lakes Castle Club, a snow-white medieval-style castle 24 miles northeast of downtown Sacramento, comes with 14 trained white peacocks, eight swimming swans, a flock of mandarin ducks, a rooster, chickens, three man-made lakes and Bellagio-style fountains whose waters gush to the

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Eye on Housing

MAY 19, 2021

Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate dipped below the elevated levels shown in April, mirroring a similar decline in Treasury yields. For the week ending May 14, the average 30-year fixed rate mortgage was 3.15%. The MBA’s Market Composite Index, reflective of activity in refinancing and purchase mortgages, changed course compared to.

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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

GeekEstate

MAY 18, 2021

This week, we interviewed Nik Shah from Home LLC. Let’s get to it! Who are you and what do you do? I’m Nik Shah, the Founder & CEO of Home.LLC. We provide down payment assistance so people can buy their home. In exchange, we share a part of the gain (or loss) on those homes. What problem does your product/service solve? Millions of people already earn enough income to pay a mortgage but don’t have savings to reach 20% down.

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Housing Wire

MAY 20, 2021

April’s 7.08% decline in mortgage delinquencies wasn’t even half of the drop March posted, but it did manage to push the national delinquency rate to below 5% for the first time since the beginning of the pandemic, Black Knight revealed in a new report. Overall, the number of past-due mortgages fell to 4.66% in April while an additional 400,000 homeowners managed to become current on their payments.

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Sotheby's International Real Estate

MAY 15, 2021

With warm sunshine and fresh air just steps from an array of covered comforts and conveniences, these five homes—from the Hamptons to Malibu—boast indoor-outdoor spaces just right for the long, languid days and nights of summer. Malibu Magic. Malibu, California | Marcus Beck, Sotheby’s International Realty – Malibu Brokerage. A consummate Malibu home, this four-bedroom oasis on sandy Las Flores Beach honors its setting with driftwood-beam ceilings, shell-clad walls, a fireplace with a shel

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Eye on Housing

MAY 18, 2021

Housing production declined in April due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Nonetheless, the prior March pace (1.73 million annualized) was the.

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Agents

Realtor.com

MAY 20, 2021

Michelle Gustafson for The Wall Street Journal Dominic Pollock, still in his work boots, stood on the lawn of a 1960s-era three-bedroom house for sale in the former steel town of Bethlehem, Pa., 60 miles north of Philadelphia. It was listed at $250,000. “I really, really like it,” Mr. Pollock told his real-estate agent Danny Hazim, a buddy from high school in neighboring Allentown, Pa.

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Housing Wire

MAY 19, 2021

“ Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” —?Benjamin Franklin, in a letter to Jean-Baptiste Le Roy, 1789. Thankfully, after more than a year with innumerable challenges, it appears that the pandemic will end. From an economic perspective, the government acted boldly to support households and businesses through the crisis with monetary and fiscal stimulus.

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Lighter Side of Real Estate

MAY 20, 2021

Between record low inventory and high buyer demand, today’s real estate market is one of the most seller-friendly in recent history. And that seller-friendly market is driving some serious expectations among homeowners. A recent survey from realtor.com , which surveyed homeowners planning on selling their home in the next 12 months, found that: Sellers expect to get more for their home than they paid for it… With home prices rising at such a dramatic rate, just about every home seller in t

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The Mortgage Report

MAY 17, 2021

Who qualifies as a first-time home buyer? It's not always straightforward. You might qualify, even if you've previously owned a home.

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Mortgages 136

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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