Housing Wire

AUGUST 23, 2021

The National Association of Realtors reported 5.99 million home sales for July, which was an excellent beat of estimates and a dagger into the hearts of the 2021 housing crash crew. Mother demographics and low mortgage rates , two things that have been transparent to human beings for a long time, are powerful economic forces. Both together make it very difficult for an epic housing crash in sales to happen, especially when the years 2008-2019 had the weakest housing recovery ever.

Sales 537

Sales As-is Mortgages Marketing 537

Keeping Current Matters

AUGUST 26, 2021

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on their monthly mortgage payments.

Equity 298

Equity Principal Mortgages Marketing 298

Lighter Side of Real Estate

AUGUST 26, 2021

Between low inventory and high buyer demand, there’s no denying that we’re in a seller’s market. But just because it’s a seller’s market doesn’t mean that every house is guaranteed to sell—although you wouldn’t know that based on what people are saying. There are a lot of myths and misconceptions going around about selling in today’s market—and if you’re planning to sell, it’s important to ignore them.

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Marketing As-is Agents Sales 145

Maximum Exposure Real Estate

AUGUST 23, 2021

Everything to Know About Off-Market Homes For Sale Are you ready to learn all there is to know about off-market properties? Key things you’ll discover: What are off-market properties? How to find off-market homes. Understanding real estate listing status terminology. Misleading pre-foreclosure off-market listings explained. Benefits of off-market properties.

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Marketing Sales 145

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

Housing Wire

AUGUST 24, 2021

Mike Cagney, co-Founder at Figure Technologies. Peter Norden, the CEO of Homebridge Financial Services , has been waiting a long time to do something truly unique in the mortgage business. Decades. “I’ve always struggled with finding a way to be different than my competition,” Norden, a 43-year veteran of the business, said. “Because the reality is, when you really look at it, all mortgage bankers sell pretty much the same products.

Technology 505

Technology Equity Mortgages 505

Keeping Current Matters

AUGUST 27, 2021

Some Highlights. When it comes to selling your house, you want it to look its best inside and out. It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers. Work with your trusted real estate advisor to determine what you need to do to make sure it shows well and catches a buyer’s eye.

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Sotheby's International Real Estate

AUGUST 21, 2021

In desirable locales from East Coast to West, these inviting homes greet visitors with front doors that provide welcoming doses of cheerful eye-catching color. Charming Carmel Cottage. Carmel, California | Noel Beutel & Steve Beutel, Sotheby’s International Realty – Carmel Rancho Brokerage. Meticulously remodeled and exemplifying the storybook charm of a cottage in the English countryside, this enchanting three-bedroom home in the picturesque village of Carmel-by-the-Sea is introduced

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Brokerage 142

Housing Wire

AUGUST 26, 2021

The average 30-year fixed-rate mortgage held steady at 2.87% for the week ending in August 26, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates declined slightly to 2.86%. This week’s near constant mortgage rates may not yet reflect a rise in U.S. Treasury yields, which ticked up toward the end of the week.

Fixed-rate mortgage 493

Fixed-rate mortgage Mortgages Loans Construction 493

Keeping Current Matters

AUGUST 25, 2021

If you’re trying to decide whether or not to sell your house , this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers ( see graph below ). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.

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Sales Marketing As-is 274

Eye on Housing

AUGUST 23, 2021

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market is occurring. According to second quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased to.

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Residential Design As-is Marketing 138

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Brokerage

Brownstoner

AUGUST 25, 2021

A pair of Brooklyn teens are leading the charge to save the historic Grand Prospect Hall, as its new owner races to demolish it. Solya Spiegel, 16, and Toby Pannone, 18, are spearheading the grassroots campaign to landmark the Victorian dance hall, launching an online petition and putting in a formal… Read More > The post Brooklyn Teens Launch Petition to Landmark Park Slope’s Grand Prospect Hall appeared first on Brownstoner.

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Housing Wire

AUGUST 25, 2021

In Tuesday’s new home sales report from the Census Bureau , monthly supply hit recent highs at 6.2 months and 5.9 months on the more critical three-month average. I focus on the monthly supply as being the most critical data for the new-home market. The new home sales market is a small but essential part of the overall market and the economy. I have long said that the builders don’t build for the existing home sales market; they build based on demand for their specific products.

Sales 488

Sales Construction Marketing As-is 488

Keeping Current Matters

AUGUST 24, 2021

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are reasons you should consider selling your vacation home this year. 1.

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As-is Closing Sales Marketing 254

Realty Biz

AUGUST 27, 2021

The real estate industry is one of the top industries that have been impacted by the pandemic. To make home buying and selling more accessible while adhering to CDC guidelines, realtors have sought new effective methods to show properties virtually. However, even post-pandemic, these trends are so convenient for modern buyers they might just be here to stay.

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Industrial Technology Closing As-is 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

Sotheby's International Real Estate

AUGUST 24, 2021

A common architectural myth holds that a modernist home—with its crisp right angles and clean rectilinear lines—will necessarily be short on warmth and comfort. This contemporary residence designed by the esteemed firm of Woods + Dangaran puts that misconception to rest: the three-level tour de force is predictably chic, streamlined, and sophisticated, but carefully chosen organic materials—rough-hewn limestone, rift-oak paneling, DuChateau wood flooring, a pebble-based reflecting pool—create ea

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Design 132

Housing Wire

AUGUST 23, 2021

Existing-home sales grew by 2.0% in July from the month prior, a report published by the National Association of Realtors on Monday found. But first-time homebuyers are still getting squeezed. Completed sales transactions for single-family homes, townhomes, condominiums and co-ops, represented a seasonally adjusted annual rate of just under 6 million (5.99 million) in July, according to NAR.

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Short sale Sales Development Marketing 488

Keeping Current Matters

AUGUST 23, 2021

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity.

Mortgages 250

Mortgages Industrial Marketing 250

Homes.com

AUGUST 26, 2021

Within the past almost two years, the furniture industry has come to a slow crawl and it’s not due to a lack of furniture buyers. Many customers have placed orders only to be told it could take 6 months to a year to receive their orders. While other companies may have furniture items in stock, you could still end up not only waiting a long time for your item to be shipped, but pay a ton in shipping costs.

Industrial 128

Industrial 128

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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

RIS Media

AUGUST 24, 2021

What would you say if someone offered you the chance to live in a home that was not traditionally built, but printed? If you answered, “possibly,” you would be among two-thirds of American consumers who are open to the relatively new technology of 3D printing—something that builders claim will allow cheaper, faster-built dwellings that could become a significant part of the market in the not-so-distant future.

Technology 128

Technology New Construction Construction Marketing 128

Housing Wire

AUGUST 27, 2021

Mortgages changed my life. Like most mortgage industry professionals, I fell into the business. Most of us don’t grow up telling everyone that we want to change the world by selling, processing, underwriting and closing mortgages. Unless, perhaps, you are my five-year-old daughter and six-year-old son. They both make it known that they will “do mortgages with mom” while they build skyscrapers and run the country.

Mortgages 475

Mortgages Industrial Closing 475

Eye on Housing

AUGUST 24, 2021

According to NAHB analysis of quarterly Census data, the market share of rental units of multifamily construction starts remained elevated at 95.2% during the second quarter of 2021. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

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Construction Marketing 122

Fancy Pants Homes

AUGUST 26, 2021

Recently listed for a whopping $21.5 million, this mid-century Los Angeles compound is by no means your ordinary luxury home. Judy Garland held her wedding here. Marilyn Monroe once lived in the guest house. Frank Sinatra himself called it home for over a decade, throwing roaring parties for all of his Rat Pack friends, with names like Sammy Davis Jr., Dean Martin or Ava Gardner in attendance.

Marketing 121

Marketing Design Land As-is 121

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

The American Genius for Real Estate

AUGUST 23, 2021

(MARKETING) Knowing whether you'd benefit more from hiring a digital marketer or a growth hacker has everything to do with what phase your company is in. The post Should you hire a digital marketer OR a growth hacker? appeared first on The American Genius Real Estate.

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Marketing 119

Housing Wire

AUGUST 27, 2021

Should you update your home before putting it on the market? Three in four homeowners say they’d rather replace their appliances than accept a low offer on their home, according to a study by Cinch Home Services. . Cinch Home Services surveyed over 1,000 homeowners and renters to figure out how important updates are in the homebuying process. And they discovered that a majority of homeowners think upgrading their appliances will increase their home value by almost $14,000. .

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Renovation Equity Loans Closing 459

Eye on Housing

AUGUST 24, 2021

As the market has cooled due to higher costs, July recorded a slight gain of 1% for sales of newly-constructed single family homes, according to estimates from the Census Bureau and HUD. The July seasonally adjusted annual rate (708K) was 27% lower than a year ago, due to builders slowing sales as a consequence of higher material and other costs.

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Sales Construction Marketing 119

Easy Agent Pro

AUGUST 25, 2021

Have you noticed that housing market news is solely focused on rising home prices? Sure, there is the occasional tidbit about the lack of inventory, but consumers are mostly hearing that it’s almost impossible to buy a home right now. This puts homeowners who may be thinking of selling in a quandary. They’ll get good money when they close, but will it be enough to buy the next home?

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Investor Equity Branding MLS 119

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Agents

Sotheby's International Real Estate

AUGUST 27, 2021

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Mercer Island, Washington | Eddie Chang, Realogics Sotheby’s International Realty . Basketball Hall of Famer Bill Russell is asking $2.6 million for his longtime home outside Seattle, where he coached the SuperSonics in the mid-1970s. NBA legend Bill Russell wants $2.6 million for Washington home – Los Angeles Times. $60 Million Triplex is Manhattan’s Biggest Co-op Sale Since 2015 –

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Design Sales Marketing 118

Housing Wire

AUGUST 23, 2021

As the economic recovery from COVID-19 continues, conflicting trends in mortgage credit availability have emerged. The Federal Reserve Bank of New York reports that the number of mortgages reached its highest level to date in 2020, with $1.2 trillion in new home loans in the fourth quarter of 2020 alone. At the same time, the Mortgage Bankers Association’s Mortgage Credit Availability Index dropped precipitously in 2020 and declined another 8.5% this June. .

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Mortgages Lending Loans Banks 448

The Mortgage Report

AUGUST 24, 2021

Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But only by the smallest measurable amount. So they remain exceptionally low. And mortgage rates today look likely to […].

Mortgages 118

Mortgages 118

Bigger Pockets

AUGUST 26, 2021

A down payment is a payment made in cash at the onset of the purchase of an expensive good or service. It represents a percentage of the purchase price and is not refundable if the deal fell through because of the purchaser.

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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