Housing Wire

JUNE 1, 2021

The world has been dealing with a significant health crisis since the beginning of 2020. This has provided the American bear troll crowd numerous opportunities to pontificate about a likely long-lasting depression. If you bought into the theories being peddled by this crash-cult crowd (who, by the way, have been infecting the discourse of economics since the creation of social media and YouTube channels) then you would have believed that the second housing market bubble crash was imminent during

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Marketing Mortgages 545

Keeping Current Matters

JUNE 2, 2021

This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study : “For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family hea

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Eye on Housing

JUNE 3, 2021

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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Lighter Side of Real Estate

JUNE 3, 2021

Low inventory and high demand are causing unprecedented competition for homes across the country. And that competition is sending prices upward—and, often, well past the asking price. According to data outlined in a recent article from REALTOR® Magazine , 51 percent of homes are selling above asking price. That’s up from 26 percent a year ago—and the highest percent of homes selling above asking price on record.

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Marketing 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 2, 2021

Mortgage applications dropped for the second straight week , this time down 4% for the week ending May 28, 2021, according the Mortgage Bankers Association ‘s weekly mortgage applications survey. This week’s data was compared to mortgage applications from the week of Memorial Day in 2020. The overall housing index hit its lowest point since February, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Fixed-rate mortgage Mortgages New Construction Loans 543

Keeping Current Matters

JUNE 3, 2021

Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the h

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RIS Media

MAY 30, 2021

New home construction is an appealing option for many buyers, particularly those who have grown tired of being outbid in multiple offer situations. However, when buyers pivot to newly built homes, they also risk giving up their right to representation. When this occurs, both buyers and agents have missed a significant opportunity to work together for mutual benefit.

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Housing Wire

JUNE 1, 2021

The Biden administration announced proposals to combat the racial wealth gap , including a tax credit to rehab homes for low and moderate-income homebuyers as part of the trillion dollar infrastructure package. The White House announced the measures ahead of a trip President Joe Biden made to Tulsa, Oklahoma to honor survivors of the Tulsa Race Massacre.

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Keeping Current Matters

JUNE 4, 2021

Some Highlights. June is National Homeownership Month , and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. Reach out to a local real estate professional today to determine if homeownership is the right next step for you.

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Maximum Exposure Real Estate

MAY 30, 2021

Tips For Trouble-Free Condo Buying Are you thinking about buying a condo? What is the best advice when buying a condominium? Start with understanding right away that it is much different than purchasing a single-family home! Buying a condo offers some advantages – living closer inside of a town, affordability, less maintenance. But buying a […].

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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.

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Better Dwelling

JUNE 1, 2021

Who needs businesses when your homes are making so much money? BMO chief economist Douglas Porter crunched residential investment data for Q1 2021. The bank found residential investment now represents a record share of Canada’s GDP. It’s now such a large share of GDP, more investment capital is going into housing than businesses. Canadian Housing […].

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Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. In 2021 alone, 1,440 Austin homes have sold for between $100,000 and $299,999 above asking price, and 72 have already sold for $300,000 or more above asking price, per a recent study from Redfin. At this time last year, only two homes had been sold in Austin for more than $300,000 above asking price.

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Keeping Current Matters

JUNE 1, 2021

Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate.

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Realty Biz

MAY 31, 2021

Free housing seem too good to be true? Not necessarily. There are many ways to have your housing costs covered by others by a system known as house hacking. Wave goodbye to the stress of paying your rent or mortgage in full and on time every month. House hacking offers housing alternatives that decrease or even eliminate your housing costs altogether.

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Mortgages Property Management As-is Residential 135

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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

Better Dwelling

MAY 31, 2021

Running out of land is as Canadian as hockey, maple syrup, or laundering money for global crime networks. In fact, Canadians love running out of land so much, they do it every few years. Many are currently justifying high home prices by claiming a lack of land in Canada. This isn’t just something people have […]. The post Canada Is Running Out of Land.

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Housing Wire

JUNE 3, 2021

The Federal Housing Finance Agency (FHFA) has extended forbearance options for multifamily properties through the end of September. The options to put off debt payments for federally-backed multifamily properties had been slated to expire at the end of June. The regulator also extended protections for tenants that property owners must adhere to in order to access forbearance.

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Keeping Current Matters

MAY 31, 2021

We remember and honor those who gave all. The post We Remember, Today and Always appeared first on Keeping Current Matters.

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Realtor.com

JUNE 4, 2021

Getty Images A record number of storms battered America’s Gulf and East coasts last year. While this year’s forecast isn’t nearly as dire, at least several large hurricanes are expected to make landfall, endangering tens of millions of U.S. homes. More than 31 million single-family homes and nearly 1 million residential units in multifamily buildings are at moderate to significant risk of storm damage this season, according to real estate data firm CoreLogic.

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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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Better Dwelling

JUNE 1, 2021

Canadian housing investment is swallowing the whole darn economy. Statistics Canada (Stat Can) data shows residential investment is at a record high in Q1 2021. The recent housing boom has allowed the segment to grow much faster than gross domestic product (GDP). Consequently, it now represents a much larger portion of the Canadian economy. The […].

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Residential 136

Housing Wire

JUNE 4, 2021

The Antelope Valley in northern L.A. county. It’s such a great time to build a home that companies are building in oil fields. Nary an eyelash was batted last month when two of the housing market’s biggest homebuilders – Pennsylvania-based Toll Brothers and Florida-headquartered Lennar –acquired 173 acres of land in Montebello, California from Sentinel Peak Resources , a company that owns oil development land up and down the Golden State.

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Eye on Housing

JUNE 2, 2021

A post published last week discussed how record numbers of builders were reporting on broad-based shortages of building materials and products. The source of the information was the May survey for the NAHB/Wells Fargo Housing Market Index (HMI). The same survey asked the HMI panel of single-family builders how total material costs for the same house have changed over the.

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Marketing 128

Realtor.com

JUNE 1, 2021

Searching for a house can feel like a full-time job these days—an adrenaline-fueled, palpitation-inducing job at that. In this blink-and-you-miss-it real estate market, homes in most places are coming on and off the market at a dizzying pace, as buyers (helped by record-low interest rates) are snatching up property at an unprecedented rate. It might seem like no matter where you look, homes are selling quicker than before the COVID-19 pandemic turned the market on its head.

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Marketing Days on market Construction As-is 133

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

Better Dwelling

JUNE 4, 2021

Inflation is transitory… or it may not be. It depends on whether the data is considered reliable enough that day. Bank of Canada (BoC) released a home price exuberance model, showing the market bubbles. Even more interesting is a footnote for the model they used. They feel inflation data on rent is unreliable, because it […]. The post Bank of Canada Dismisses Data Showing Homes Are Overvalued, But Uses It For Rates appeared first on Better Dwelling.

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Banks Marketing 133

Housing Wire

JUNE 4, 2021

Let’s be honest – affording a home isn’t always easy. In this market where homes are selling like hot potatoes, it might seem like everyone can afford to buy a house, but that’s not true. It takes time, money, energy, planning, money and more money to become a first-time homebuyer. Even with today’s low interest rates, affording a home can be a challenge.

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Debt-to-income ratio FHA loan Loans Land 476

Jason Fox

JUNE 2, 2021

115 Real Estate Infographics – Use To Ignite Your Content Marketing [Updated]. ".only 10% of people remember what they hear. Reading doesn't help the cause much, with only 20% of people remembering what they read. But 80% of people remember what they see and do."~ Anum Hussain - Hubspot What is harder to do: Raising one eyebrow, while licking your elbow, while twitching your.

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Marketing 124

Realty Biz

MAY 31, 2021

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that suspend their mortgage payments and protect them from eviction. Meanwhile, around 1.8 million more are not in forbearance but are already 90 days behind on their mortgage payments, according to data from Black Knight.

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

Better Dwelling

JUNE 3, 2021

Greater Toronto real estate is showing signs of cooling, but buyers haven’t noticed. Toronto Regional Real Estate Board (TRREB) data shows home prices reached a new record high in May. It was accompanied by accelerating price growth, despite a decline in home sales. Home sales falling faster than new listings is typically followed by a […].

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Housing Wire

JUNE 3, 2021

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of 2020, according to a new report from the Mortgage Bankers Association. The average pre-tax production profit was 124 basis points, down from an average net production profit of 137 bps in the fourth quarter of 2020, but up on a yearly basis from the 61 basi

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Mortgages Loans Banks Industrial 476

Realtor.com

JUNE 4, 2021

Getty Images During the dark days of the COVID-19 pandemic, growing plants and vegetables felt both soothing and life-affirming. It’s no wonder many people became first-time gardeners. But now that life is getting somewhat back to normal, tending those plants may have fallen by the wayside. If your garden looks like it needs some TLC this year, there’s still hope!

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As-is 122

Brownstoner

JUNE 3, 2021

Alyssa Cole's latest book, "When No One Is Watching," is a thriller about racism and gentrification set in Brooklyn. Shifting back and forth from the point of view of a lifelong Black resident of a coveted brownstone block to that of a white newcomer, the story skillfully incorporates bits and… Read More > The post A Brooklyn Tale: Romance Author Alyssa Cole Sets a Thriller in Brooklyn appeared first on Brownstoner.

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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.

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