Housing Wire

JUNE 7, 2022

Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight , which just released a white paper that studies how long it would take to sell all the homes currently listed for sale in a given market based on a prevailing sales rate, if no new listings are added (a metric it calls “months of remaining inventor

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Maximum Exposure Real Estate

JUNE 5, 2022

Earnest Money vs. Down Payment The earnest money vs. down payment question comes up quite a bit in real estate sales. If you are a first-time buyer purchasing a home can be mysterious at times. There are many terms and procedures that can be confusing unless they are explained. There are many important mortgage terms […]. The post Earnest Money vs.

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Mortgages Sales 139

Keeping Current Matters

JUNE 6, 2022

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.

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Marketing 272

Real Trends

JUNE 9, 2022

The number of active listings was up 13% year over year for the week ending June 4, according to a report from Realtor.com. Despite the double-digit increase, active inventory remains nearly 50% below the inventory level at the start of the COVID-19 pandemic and down 13% on a year-to-date basis. New listings also were up during the week ending June 4, rising 2% compared to a year ago, but they are down 1% on a year-to-date basis.

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Marketing As-is Closing Mortgages 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

JUNE 8, 2022

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a deflationary collapse. .

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Sales As-is Marketing Mortgages 545

Eye on Housing

JUNE 6, 2022

Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based on the pre-pandemic 2017-2019 data and show that during the first year after closing on the house, a typical buyer of a newly-built single-family detached.

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Closing 145

Sotheby's International Real Estate

JUNE 4, 2022

Few things transform an everyday interior space like carefully chosen paint hues. These plucky residences—from Palm Beach to Pasadena—catch the eye with their vivid, often unexpected doses of color. Upper East Side Elegance. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Constructed in 1870, this elegant six-story, six-bedroom townhouse on a lovely Upper East Side street is luxuriously scaled and detailed.

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Construction Brokerage 142

Housing Wire

JUNE 10, 2022

The Federal Reserve ’s (Fed) efforts to beat back inflation with its monetary tools have already shifted the winds in the secondary market for mortgage-backed securities (MBS). The Fed’s continuing effort to wind down its $2.7 trillion MBS portfolio helps fuel widening interest-rate spreads in the MBS market by creating additional MBS supply to be absorbed by investors.

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Real Trends

JUNE 6, 2022

The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp

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Industrial Sales Construction Agents 136

Keeping Current Matters

JUNE 9, 2022

As people realize their needs are changing, some are turning to luxury housing to find their dream home.

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Marketing 234

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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

Brownstoner

JUNE 7, 2022

The 122-plus-year-old Jacob Dangler mansion at 441 Willoughby Avenue was calendared by the Landmarks Preservation Commission in a last-minute, surprise move today that could prove a huge victory for local residents and preservationists who have been fighting to save the building from a pending demolition. The vote by the LPC came… Read More > The post In Surprise Move, Landmarks Saves Beloved Bed Stuy Mansion From Imminent Demise appeared first on Brownstoner.

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Development 133

Housing Wire

JUNE 9, 2022

A recently published CoreLogic report found homeowners with mortgages in the first quarter of 2022 saw their equity grow by 32.2% year-over-year. According to the data vendor, the collective equity gain was $3.8 trillion in the first quarter, or an average gain of $63,600 per borrower. CoreLogic said homeowners with mortgages account for roughly 60% of properties in the nation.

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Equity Mortgages Closing As-is 482

Eye on Housing

JUNE 9, 2022

The median age of owner-occupied homes is 39 years, according to the latest data from the 2019 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. The residential construction continues to fall behind in the number of new homes built especially after the Great Recession. This aging housing.

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Residential Construction 131

Keeping Current Matters

JUNE 8, 2022

If you’re looking to buy your first home, you’re likely balancing several factors.

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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

GeekEstate

JUNE 8, 2022

This week, we interviewed Michael Wisnefski of MaterialsXchange. Let’s get to it! Who are you and what do you do? My name is Mike Wisnefski. I am one of the founders and the CEO of MaterialsXchange (MX), the digital marketplace for lumber. I am a husband, a father of two awesome teenagers, and an avid fly fisherman. I work hard so that I can also play hard.

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Technology Industrial Marketing 124

Housing Wire

JUNE 6, 2022

Frank Nothaft, chief economist at CoreLogic and before that, the top economist at Freddie Mac , has died. He was 66. At CoreLogic, Nothaft headed the office of the economist, providing analysis, commentary and forecasting trends in global real estate, insurance and mortgage markets. Prior to joining CoreLogic in 2015, Nothaft had a nearly 30-year career at Freddie Mac, where he was most recently the chief economist. “When I arrived at Freddie Mac in 2012 he was a long-established major nam

Mortgages 476

Mortgages Industrial Finance Marketing 476

Sotheby's International Real Estate

JUNE 7, 2022

Among the list of people and things easily considered quintessentially American are the illustrious family name of Kellogg and the midcentury modern design concept. This uncommon 1948 home perched near the apex of the northern slope of Potrero Hill in San Francisco exemplifies the iconic aesthetic that has come to typify American design of its era. It was designed by esteemed period architect F.J.

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Design 123

Keeping Current Matters

JUNE 7, 2022

Are you thinking about selling your current home?

Sales 267

Sales Marketing 267

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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

Real Trends

JUNE 10, 2022

Low inventory? No problem. Top-performing real estate agents and teams closed an average of 241.2 transaction sides in 2021, up from 211 in 2020, breaking records in the 2022 RealTrends + Tom Ferry The Thousand rankings. RealTrends + Tom Ferry The Thousand is an annual, national ranking program sponsored by RealTrends—the Trusted Source—and Tom Ferry International coaching, advertised in The Wall Street Journal.

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Agents Sales Branding Brokerage 122

Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti

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Loans Industrial Mortgages Real-estate owned 448

Sotheby's International Real Estate

JUNE 9, 2022

Photo Credit: Taimour Othman. Sotheby’s International Realty today announced the opening of Egypt Sotheby’s International Realty, signifying the brand’s second office in Northern Africa and its 206th office in the EMEIA region. Egypt Sotheby’s International Realty is co-founded and operated by Marwan Gebril who brings 15 years of real estate experience to the company.

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Eye on Housing

JUNE 10, 2022

Consumer prices accelerated again in May as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the third straight month for inflation above an 8% rate and was the largest year-over-year gain since December 1981. Both energy and shelter index recorded their largest annual gains since September 2005 and February 1991.

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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

JUNE 7, 2022

[Editor’s Note: Below is the full text of Part I of our 214th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on June 2nd, 2022. Some links included below are to members-only articles.]. Imagine sitting down to play a game of Monopoly. You’re dealt the standard share of cash. Someone else chose the racecar so you took the top hat.

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Land Investor Equity Technology 119

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgages 448

Mortgages Loan Officer Lending Loans 448

Maximum Exposure Real Estate

JUNE 6, 2022

MLS Listing Statuses Explained Real estate can be confusing when you’re not practicing it every day. As real estate agents, we sometimes think consumers understand all the nuances of our business. Real estate terms are often batted around as a standard part of everyone’s language. Unfortunately, that is not the case. There are many meanings […].

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Eye on Housing

JUNE 8, 2022

Per the Mortgage Bankers Association (MBA), through the week ending June 3, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate increasing to 5.45%, on average. The latest week’s rate increased to 5.4%, after 3 consecutive weeks of declines, each by a few basis points. The Market Composite Index, a measure of mortgage loan application volume, decreased by.

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Fixed-rate mortgage Mortgages Loans Marketing 119

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Agents

Brownstoner

JUNE 8, 2022

Brooklyn Heights Library has once again opened its doors on Cadman Plaza West, in airy new quarters on the first floors of a newly built 36-story luxury condo tower, rather than in its former low-slung mid-century modern 1962 building. The new tower's three-level space, which is owned by Brooklyn Public Library,… Read More > The post Brooklyn Heights Library Opens in Sleek New Digs at Base of Condo Tower appeared first on Brownstoner.

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Renovation 116

Housing Wire

JUNE 8, 2022

Mortgage application volume for the week ending June 3 dropped 6.5%, sliding to the lowest level in 22 years, driven by weakness in purchase and refinance applications. Despite the recent decline in mortgage rates , they were not low enough to spur refinance activity, which led to the decline of the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index.

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Fixed-rate mortgage Mortgages VA loan Loans 418

HomeLight

JUNE 9, 2022

There’s no way around it: Buying a home is difficult. In Texas, they say finding, financing, and finally moving is like trying to solve a greased Rubix cube while riding in the bed of a pickup truck. They don’t actually say that — but buying a home is hard, especially in a magical city like Austin, with limited housing stock and abundant interested buyers.

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Agents As-is Finance MLS 111

Eye on Housing

JUNE 7, 2022

Recent developments in the first quarter of 2022 per NAHB’s Home Building Geography Index (HBGI), indicate single-family home building slowing in suburbs, with most other regional geographies following suit. Following the aftermath of COVID-19, home buyer preferences for the suburbs have eased. Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.

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Construction Residential Development Marketing 116

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