Housing Wire
SEPTEMBER 18, 2020
For Victoria Murphy, a RE/MAX agent in Oahu, Hawaii, getting her Realtor license was always a part of her plan. But shut-down orders in March helped push the college student to get it done. Murphy said the shut-down gave her enough time to get through the pre-licensing course and she was able to enter the real estate world feeling excited and determined.
Keeping Current Matters
SEPTEMBER 15, 2020
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to time to be in one place, considering the average length of time homeowners used to stay put hovered closer to 6 years.
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Realtor.com
SEPTEMBER 18, 2020
Westend61 / Getty Images By the time my husband and I put in an offer on a home (for the third time) in August, we were exhausted by the home-buying process—and we hadn’t even bought a home yet. Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. Homes were going under contract the same day they were listed, making it nearly impossible to see the house and feel confident enough to submit an offer before we were beaten to the punch by anothe
Imagine Your House
SEPTEMBER 18, 2020
Simple ways to get your kitchen ready when selling a home without having to undertake a major remodel. Selling a home and you want to know what you can do in your kitchen to ensure that it is most appealing to prospective home buyers. What can you do? . Here in the beginning of my series zeroing in on the rooms of your home when selling a home , I begin with one of the most treasured parts of a home, the Kitchen.
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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
SEPTEMBER 15, 2020
Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 trillion. The dollar-volume record will be boosted by $2.4 trillion in refinancings, the highest level since 2003 and more than double the level seen in 2019, the mortgage giant said in a forecast on Tuesday. “We continue to believe that a low-rate environment will support refinance demand over the forecast horizon,” Fannie Mae said in the forecast.
Keeping Current Matters
SEPTEMBER 18, 2020
Some Highlights. Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
RIS Media
SEPTEMBER 13, 2020
It’s a complicated, competitive world out there, made even more complex by the powerful pandemic that turned life upside-down for so many people. For real estate brokers, agents and investors, the initial freeze on the residential real estate market quickly turned to frenzy. The fast-paced market of summer 2020 required some grounding to make sense of trends locally, regionally and nationally.
Housing Wire
SEPTEMBER 14, 2020
Forbearance exits measuring how many borrowers cancelled agreements to suspend mortgage payments rose to a one-month high in September’s first week, led by a surge in loan modifications, according to a report from the Mortgage Bankers Association on Monday. Total exits from forbearance rose to 0.23% of servicers’ portfolios in the first week of September, almost double the 0.14% in the prior week, MBA said.
Keeping Current Matters
SEPTEMBER 16, 2020
Earlier this year, realtor.com announced the release of the Housing Recovery Index , a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity. Home Price – Growth in asking prices.
Homes.com
SEPTEMBER 17, 2020
Today's doggy DIY masterpiece is spearheaded by Rashida Banks. Taking Irish pub inspiration to create a puppy "paw"lor, this DIY dog house is the ultimate stay-cation for any pet. The post Doggy Dream Home Makeover: Rashida Bank’s Puppy “Paw”lor appeared first on Homes.com.
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.
Eye on Housing
SEPTEMBER 16, 2020
In a strong signal that housing is leading the economic recovery, builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). The previous highest reading of 78 in the 35-year history of the series was set last month and.
Housing Wire
SEPTEMBER 16, 2020
The Federal Reserve left its overnight lending rate unchanged on Wednesday at the end of its last meeting before the Nov. 3 presidential election and said it expects to keep it near zero for more than a year. In a statement released Wednesday, all 17 members of the Federal Open Market Committee said they expect to keep the central bank’s benchmark rate near zero at least through next year, and 13 estimated it would stay there through 2023.
Keeping Current Matters
SEPTEMBER 14, 2020
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide. In a recent Realtor Magazine article , they discussed the issue and addressed comments made by Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “While migration trends were toward urban centers before the pandemic, real estate thought leaders have predicte
Realtor.com
SEPTEMBER 14, 2020
realtor.com When Kristen Kearney received a call about listing a condo in Lake Worth, FL, she said it wasn’t quite like other listing calls. “They warned me that the home was wallpapered in beer cans,” she says. “And I thought to myself, ‘Well, I wonder where in the world they found beer-can wallpaper.’”. When she first walked through the unassuming front door, she remembers the shock of seeing the walls of the 815-square-foot abode covered in actual beer cans.
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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.
Marco Santarelli
SEPTEMBER 14, 2020
The Dallas housing market has recovered from the impact of the Coronavirus pandemic. The real estate sales showed signs of recovery in July. The number of homes sold within Dallas County has shown a double-digit increase of 20.7% as compared to last year. The median price also increased by 15.3% to $282,500. There's about a 2.7-months supply of homes for sale in Dallas County, which is well below what’s considered to be a balanced real estate market.
Housing Wire
SEPTEMBER 16, 2020
Mortgage applications decreased 2.5% last week after seeing some positivity the week prior , according to a report from the Mortgage Bankers Association. The refinance index decreased 4% compared to the week prior but remains 30% higher than the same week last year. According to Joel Kan, MBA’s associate vice president of economic and industry forecasting, demand for refinances may be slowing due to remaining borrowers waiting for another sizable drop in rates.
Keeping Current Matters
SEPTEMBER 17, 2020
Real estate continues to be called the ‘ bright spot ’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need.
The Mortgage Report
SEPTEMBER 14, 2020
The Fed adjourns from a 2-day meeting Wednesday. The group doesn't set mortgage rates but it can influence them. How this week's meeting could affect your refinance and purchase mortgage rate.
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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
SEPTEMBER 17, 2020
Andrii Yalanskyi/Getty Images One of the few bright spots for home buyers and owners in 2020—a year marred by a pandemic, economic recession, social unrest, wildfires, hurricanes, and a highly polarized presidential election—has been rock-bottom mortgage interest rates. Mortgage rates have been tumbling since COVID-19 disrupted the nation’s economy, achieving what many experts had believed was impossible: They dipped just below 3% in July.
Housing Wire
SEPTEMBER 16, 2020
While at the beginning of the year it seemed like Millennials and Generation Z were going to take hold of the housing market in 2020, the pandemic drastically changed that prediction. For the first time since the Great Depression, the majority of young adults are living with their parents, according to a new Pew Research Center analysis of monthly Census Bureau data.
Keeping Current Matters
SEPTEMBER 12, 2020
The post 3 Keys to Finish 2020 Strong & Start 2021 Even Stronger [LIVE WEBINAR] appeared first on Keeping Current Matters.
Realty Biz
SEPTEMBER 16, 2020
Buying a condominium can be a good decision. A condo can have a lower cost to buy in over a single-family home. It can also provide amenities that a single-family home could never provide you. And, much of the maintenance is done for you. But before delving into a condominium purchase, realize you are buying a piece of a whole. While you own your own unit you have a common ownership in some of the building’s structure and systems, common areas like roads and grounds, etc… You may
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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
SEPTEMBER 14, 2020
The number of women employed in the construction industry grew substantially in 2019 rising to around 1.2 million, surpassing the peak of pre-recession employment level. As the construction skilled labor shortage remains a key challenge, adding new workers is an important goal of the industry. Bringing additional women into the construction labor force represents a potential opportunity for the future.
Housing Wire
SEPTEMBER 17, 2020
LoanDepot is poised to go public later this year, becoming “Lyft to Rocket Mortgage’s Uber,” according to a new report. The California-based mortgage lender headed by Anthony Hsieh could be worth between $12 billion and $14 billion in an IPO, according to Bloomberg ‘s sources. The company has held discussions with potential underwriters for an IPO that could happen as soon as the fourth quarter of this year.
Realtor.com
SEPTEMBER 18, 2020
Andreas von Einsiedel/Getty Images Of all the rooms in the house, the kitchen may evoke the warmest emotions. After all, it’s here that people gather with family and friends, to share food and good company. It’s no wonder the kitchen is often called the heart of the home—and that it’s a key selling point, promising a great lifestyle.
RIS Media
SEPTEMBER 13, 2020
A global view of the pandemic’s impact on the commercial market. The world has changed dramatically since the coronavirus outbreak, and global real estate markets have not escaped its impact. The pandemic has magnified and accelerated a number of sector trends for the longer term. Even in a post-pandemic world, it is widely accepted that many of the new practices, such as increased remote working and greater e-commerce, will continue to be observed.
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.
The American Genius for Real Estate
SEPTEMBER 16, 2020
(MARKETING) Before you list a property, there’s one unexpected factor to check: What does it look like on Google Street View? And is it blurred out? The post Why you should check Google Street View before listing a property appeared first on The American Genius Real Estate.
Housing Wire
SEPTEMBER 17, 2020
Average mortgage rates for a 30-year fixed mortgage increased slightly to 2.87% this week, the second-lowest on record, rising one basis point from last week’s all-time low of 2.86% , while the less-popular 15-year rate fell to a new low of 2.35%, Freddie Mac said on Thursday. The 30-year rate has broken records nine times since March because of a Federal Reserve bond-buying program that has poured about $1 trillion into the mortgage markets.
Realtor.com
SEPTEMBER 18, 2020
wundervisuals/Getty Images We’re more than six months into this pandemic, and if you’re anything like us, you’re a bit tired of (OK, make that absolutely fatigued by) your dinner options. Cooking has worn you down, you’ve burned through your repertoire of recipes (literally), and you’ve exhausted all of your takeout options.
The Close
SEPTEMBER 16, 2020
So, you want to work with beautiful homes and high net worth individuals, but you don’t know how to break through into the world of luxury real estate. Maybe you have tried to farm to luxury homes but you didn’t get any responses. You probably feel like you are invisible to them. That’s because you are invisible to them. Or is it worse than that?
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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