Housing Wire

SEPTEMBER 22, 2021

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble boys and the forbearance crash bros have whiffed just as severely in 2021 as they did in 2020. So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000.

Sales 532

Sales Closing Mortgages As-is 532

Keeping Current Matters

SEPTEMBER 23, 2021

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022?

Principal 330

Principal Mortgages Equity Loans 330

Eye on Housing

SEPTEMBER 20, 2021

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the National Association of Home.

Marketing 136

Marketing 136

Maximum Exposure Real Estate

SEPTEMBER 24, 2021

Common Mortgage Questions—Information You Need to Know If you are buying a home, you probably have some mortgage questions. For first-time home buyers, the process of getting a mortgage can seem intimidating. Many factors come into play when getting a loan for a home—and if you haven’t done it all before, it can potentially be […]. The post Top 16 Mortgage Questions to Get Answered Before Buying a Home appeared first on Massachusetts Real Estate Exposure.

Mortgages 145

Mortgages Loans 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

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO).

Equity 545

Equity Residential Mortgages As-is 545

Keeping Current Matters

SEPTEMBER 24, 2021

Some Highlights. Due to low supply and high demand , today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values , and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market.

Marketing 316

Marketing Agents Sales 316

Better Dwelling

SEPTEMBER 23, 2021

Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of up to 25% of their maximum mortgage size. Expansion of credit during a low […]. The post Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size appeared first on Better Dwelling.

Mortgages 138

Mortgages 138

Housing Wire

SEPTEMBER 24, 2021

Today the Census Bureau ‘s new home sales report came in as a beat of estimates at 740,000, but the most important aspect is that revisions came in positive for the prior months, which shows a more stable market as revisions are always key with new home sales and housing starts. From the Census Bureau: “Sales of new single?family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly today by the U.S.

Marketing 528

Marketing Sales Development As-is 528

Keeping Current Matters

SEPTEMBER 22, 2021

There’s a common misconception that, as a homebuyer , you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary.

VA loan 302

VA loan Lending Loans As-is 302

Sotheby's International Real Estate

SEPTEMBER 21, 2021

Records from the New York State Historical Association recount that the first American flag featuring white stars in a blue field was designed not by Betsy Ross but by members of a Third New York Regiment company led by John Hulbert, then a captain and later a colonel in the colonial armed forces. In the lush front yard of this timeless home on Captains Row—one of two built by Hulbert in Sag Harbor in the late 1700s—a plaque at the base of a flagpole proclaims that legacy, declaring that Hulbert

Brokerage 140

Brokerage Design 140

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Brokerage

Maximum Exposure Real Estate

SEPTEMBER 20, 2021

What is an encroachment? The answer is something you’ll certainly want to know when you’re involved with one. When you are buying or selling a home, the issue of encroachments could be something that becomes a problem. A land survey could uncover an encroachment on the home you want to buy that could make you […]. The post How to Deal With Property Encroachments in Real Estate appeared first on Massachusetts Real Estate Exposure.

Land 134

Land Marketing 134

Housing Wire

SEPTEMBER 21, 2021

On Tuesday, the U.S. Census Bureau reported that housing starts hit 1,615,000 for August and housing permits came in nicely at 1,728,000. These data lines beat expectations, and we had slight positive revisions to the previous months — overall, a good report on all fronts. I have always been mindful that the month-to-month housing starts data can be wild, both positive and negative, so the trend is what matters the most.

Sales 528

Sales As-is Marketing 528

Keeping Current Matters

SEPTEMBER 20, 2021

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American , homeowners are staying put much longer than historical averages ( see graph below ): As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years.

Equity 298

Equity Loans As-is Industrial 298

Coldwell Banker

SEPTEMBER 23, 2021

Shorter days and cooler temperatures can only mean one thing: fall is on its way and winter won’t be far behind. So today, we’re dishing up some seasonal interior design tips to help you give your home a cozy, warm vibe just in time for fall (without having to spend big). The post 3 Affordable and Cozy Home Revamp Ideas to Try this Fall appeared first on Coldwell Banker Blue Matter.

Design 133

Design 133

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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

SEPTEMBER 18, 2021

What is a Pocket Listing in Real Estate One of the questions I get asked from time to time is what is a pocket listing. Clients and customers hear the term pockets listings and wonder what the heck it means. An in-house home sale – where the listing agent sells a home to a buyer […]. The post Pocket Listings: Pros and Cons of a Pocket Listing appeared first on Massachusetts Real Estate Exposure.

Agents 134

Agents Sales Marketing 134

Housing Wire

SEPTEMBER 21, 2021

U.S. homebuilders started construction on 1.615 million homes in August, up 3.9% from July 2021 and 17.4% higher than a year ago, according to a new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Across the country, 1.728 million building permits were pulled, which is 6% above the revised rate from a month prior and 13.5% higher than the August 2020 rate.

Construction 508

Construction Development Marketing As-is 508

Keeping Current Matters

SEPTEMBER 21, 2021

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and make the space they already had work for them.

Marketing 293

Marketing 293

Better Dwelling

SEPTEMBER 21, 2021

The Canadian election is over and the country’s leadership remains largely unchanged. However, a laundry list of election promises mean big changes to real estate are coming. Most of the promised plan seeks to create more demand for housing, which softens price drops. Expect more of the same currently being done, but with a revamped […]. The post Canada Re-Elected The Same Leadership, But Real Estate Will Be Very Different appeared first on Better Dwelling.

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133

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Sales

Realty Biz

SEPTEMBER 18, 2021

There are many ways to successfully invest in real estate. Hard money lending isn’t heard about as much these days but still has a valuable place in the investing world. Hard money lenders generally don’t value real estate in the same ways as most investors and other real estate professionals. Hard money loans can be easier to get, but they can be expensive.

Hard money loan 131

Hard money loan Finance Loans Investor 131

Housing Wire

SEPTEMBER 24, 2021

Sales of new single-family homes in August increased 1.5% from the prior month, at a seasonally adjusted annual rate of 740,000, according to a report from the U.S. Commerce Department released on Friday. That’s the second straight month of rising sales for homebuilders, though there’s good reason to think the height of the frenzy is behind us.

Sales 482

Sales Construction Industrial Marketing 482

Eye on Housing

SEPTEMBER 21, 2021

Total housing starts increased 3.9% in August, due to strength for multifamily development. According to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family starts were down 2.8% for the month, while overall multifamily starts was up 21% in August. The August total starts reading of 1.62 million starts is the number of.

Development 128

Development 128

Lighter Side of Real Estate

SEPTEMBER 23, 2021

The road to homeownership is paved with plenty of opportunities for mistakes—many of which could cost you your mortgage and tank your home purchase. But if you’ve never bought a home before, you may not be aware of those potential mistakes. So, the question is, what are the most important mistakes to avoid during the homebuying process? A recent article from The Mortgage Reports outlined major (and costly!

Debt-to-income ratio 121

Debt-to-income ratio Pre-approval Mortgages Finance 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

RIS Media

SEPTEMBER 23, 2021

Freddie Mac’s Primary Mortgage Market Survey (PMMS) was recently released, reporting that the 30-year fixed mortgage rate (FRM) averaged 2.88®. Mortgage details: – 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point for the week ending Sept. 23, 2021, up slightly from last week when it averaged 2.86%. Last year, the 30-year FRM averaged 2.90%. – 15-year fixed-rate mortgage averaged 2.15% with an average 0.6 point, up from last week when it averaged 2.12%.

Fixed-rate mortgage 119

Fixed-rate mortgage Mortgages Investor Loans 119

Housing Wire

SEPTEMBER 21, 2021

American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data. Today, an estimated 21 million people rent a suburban home in one of 50 largest metros. On average, renters made up 39% of the suburbs surrounding these metros.

Marketing 488

Marketing Closing As-is 488

Eye on Housing

SEPTEMBER 24, 2021

After a prior cooling trend for the volume of new home sales, sales contracts increased 1.5% in August according to estimates from the Census Bureau and HUD. The August seasonally adjusted annual rate (740,000) was 24% lower than a year ago, when an unsustainable rebound took hold in the market. Higher prices have also affected housing affordability, with new home.

Sales 116

Sales Marketing 116

The American Genius for Real Estate

SEPTEMBER 23, 2021

(EDITORIAL) We can tell women to "lean in," or we can address what researchers point to as the real challenge - leadership is still seen as a masculine trait. The post The real reason women are overlooked? Leadership is seen as masculine appeared first on The American Genius Real Estate.

As-is 111

As-is 111

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Agents

The Mortgage Report

SEPTEMBER 18, 2021

Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. That was unexpected. So read on to discover what happened. Next week brings a potentially pivotal event for mortgage […].

Mortgages 111

Mortgages 111

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, Freddie Mac’s chief economist.

Mortgages 476

Mortgages Fixed-rate mortgage Construction Banks 476

Eye on Housing

SEPTEMBER 21, 2021

Housing affordability has been a key driver of the suburban shift of home building activity over the last year and a half. As the following analysis from the NAHB Home Building Geography Index reveals, lower density markets in general have higher housing affordability conditions, which explains the shift in construction activity. The second quarter HBGI examined county-level Price-to-Income ratios.

Marketing 115

Marketing Construction 115

Fancy Pants Homes

SEPTEMBER 24, 2021

Rock and roll icon and three-time bestselling author Nikki Sixx has just unloaded his Westlake Village home. Sixx — best known as the co-founder, bassist, and primary songwriter of the band Mötley Crüe, which he started alongside drummer Tommy Lee — listed his home for sale in October 2020, asking $5,699,000 for the 5-bedroom spread. Now, we got word that his gorgeous home in Westlake Village, CA has found a new owner, closing for $5.180 million.

Title 110

Title As-is Sales Closing 110

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