Housing Wire

AUGUST 7, 2020

After two consecutive months of advances , Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year, the HPSI is down 19.5 points but still sits above April’s near-record low. According to the report, 53% of Americans now believe it is a good time to buy a home – an 8% decrease from June’s 61%.

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Keeping Current Matters

AUGUST 5, 2020

We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.

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Lighter Side of Real Estate

AUGUST 5, 2020

Homeownership is one of the central tenets of contemporary life. Most of us dream of a familiar, comfortable place to call our own, and buying a home is a rite of passage into adulthood, and into our own piece of the American Dream. But until and unless you’ve been through the process at least once, there are plenty of mistakes many people make on their journey to property ownership.

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Marco Santarelli

AUGUST 5, 2020

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you. Given the current fundamentals, real estate sales should remain strong in most U.S. houisng markets for the foreseeable future.

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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 7, 2020

New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March , the State of New York Unified Court System put in place the first eviction moratorium, effective through June. In May , this was extended but expired on August 5.

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Keeping Current Matters

AUGUST 6, 2020

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family?

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Realtor.com

AUGUST 6, 2020

stockstudioX / Getty Images Buying a home is never a simple undertaking. Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. But house-hunting during the coronavirus pandemic? That changes the game entirely. By the power of coincidence and bad timing, my home search started almost exactly as the crisis hit hard in the United States.

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Housing Wire

AUGUST 6, 2020

Ellie Mae announced Thursday it entered a definitive agreement to be acquired by Intercontinental Exchange for approximately $11 billion. The move comes 15 months after Thoma Bravo , a private equity investment firm, announced it would acquire Ellie Mae in an all-cash transaction of $3.7 billion. “We are excited to be joining the Intercontinental Exchange family and having the opportunity to work closely with Simplifile and MERS in helping our industry to realize the true digital mortgage,

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Keeping Current Matters

AUGUST 7, 2020

Some Highlights. A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates , and staying home has enabled some to save more money to put toward a down payment. Reach out to a local real estate professional today if your needs have recently changed and you’re ready to make a move this year.

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Eye on Housing

AUGUST 6, 2020

Despite low interest rates, a supply shortage coupled with rising home prices contributed to a decline in housing affordability in the second quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 59.6 percent of new and existing homes sold between the beginning of April and end of June were affordable.

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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

Realtor.com

AUGUST 3, 2020

For nearly 16 years, Beverly Willett lived with her husband and two daughters in what was her dream home: a four-story, 4,000-square-foot brownstone in Brooklyn, N.Y. But sometimes when life changes, dreams do, too. By 2013, Beverly was a single woman whose eldest had moved out and whose youngest was about to head off to college—and she found herself toying with downsizing.

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As-is 140

Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. The article drew mixed reactions, with some calling the announcement a “nice PR move” that doesn’t factor in the broker’s compensation and other issues. Others just wanted more details. For the sake of transparency, we wanted to report that UWM is not the only lender offering rates below 2%.

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Keeping Current Matters

AUGUST 4, 2020

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home.

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Marco Santarelli

AUGUST 1, 2020

Let’s take a look at the current state of the Denver real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Denver for real estate investors. Shortage of housing for a growing population, a strong economy & increasing jobs have been fueling the demand in the Denver housing market for the past many years.

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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

Realtor.com

AUGUST 6, 2020

Westend61/Getty Images The already scalding-hot housing market is likely to heat up even more. Mortgage interest rates continued their downward descent, hitting yet another record—largely thanks to the pandemic, and the resulting economic downturn, dragging on. Rates fell to just 2.88% for 30-year, fixed-rate loans in the week ending Aug. 6, according to Freddie Mac.

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Housing Wire

AUGUST 5, 2020

Living in a good school district is one of the biggest factors for homebuyers, even if they’re empty nesters. The National Association of Realtors found in its Profile of Home Buyers and Sellers in 2019 that 26% of all homebuyers said the quality of schools was important when finding a new home. And typically, a better school district equals higher resale value.

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Closing As-is Marketing 521

Keeping Current Matters

AUGUST 3, 2020

America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential real estate market continues to show great resilience.

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Brownstoner

AUGUST 5, 2020

Editor’s note: Welcome to the 79th installment of Brownstone Boys Reno, a reader renovation diary about renovating a brownstone in Bed Stuy. See the first one here. They also blog at www.thebrownstoneboys.com. One thing is for certain in an unrenovated historic Brooklyn home, it's leaky. And we're not talking about the… Read More > The post Brownstone Boys: How Green Can You Go?

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Renovation 134

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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

REM Online

AUGUST 4, 2020

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Ontario’s Bill 184 poses risks to honest landlords, sellers and purchasers. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction.

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Housing Wire

AUGUST 6, 2020

Average U.S. mortgage rates for a 30-year fixed mortgage fell to an all-time low of 2.88% this week, the eighth time in 2020 the weekly rate has set a record in a Freddie Mac series that goes back almost five decades. It fell from 2.99% last week , Freddie Mac said in a report on Thursday. The average 15-year rate fell to 2.44%, the lowest in almost 30 years of data, according to the mortgage financier.

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Realtor.com

AUGUST 7, 2020

realtor.com Johnny Nicolaci knows everything about this house. He can tell you about every brick, board, and tile. His father built the “executive” ranch in 1953. Nicolaci did leave his parents’ custom-built nest for a while. But after the death of his mother in 1988, he moved back, to take over the care of the beloved family home, and he’s lived here ever since.

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Better Dwelling

AUGUST 2, 2020

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate Bank Of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate Canada’s central bank has pumped billions into the mortgage market, in attempt to prop it up. As of July 22, the Bank of Canada held $7.95 billion in […]. The post This Week’s Top Stories: Bank of Canada Using Billions To Prop Up Mortgages, Toronto and Vancouver New Condo Sales Plummet appeared first on Better Dwelling.

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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

Afford Anything

AUGUST 7, 2020

Are you scared to take the first step toward the habits that you want to build? Do you believe in your ability to change? Or are you completely lost as to where to start? Charles Duhigg, the Pulitzer Prize-winning journalist and author of the best-selling books The Power of Habit and Smarter Faster Better joins us on today’s show to tackle these questions.

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Housing Wire

AUGUST 5, 2020

The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target. That could be the death knell for rock-bottom mortgage rates. Fed Chairman Jerome Powell said at a news conference last week that the central bank was close to wrapping up a review of its policy-making strategy that began in 2019.

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Sotheby's International Real Estate

AUGUST 4, 2020

For the home of a beloved thespian to provide space for performing and dancing seems only fitting, and this airy contemporary loft—Academy Award winner Susan Sarandon’s six-bedroom oasis—does just that. Occupying two floors of an exclusive co-op in Chelsea, the residence is anchored by a vast open living area with a mirrored wall and steps that can serve as impromptu seating—all perfectly suited for productions by performers of any age or stripe.

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The Mortgage Report

AUGUST 4, 2020

Buying a house moves fast, so preparation is key. Here are 8 steps to prepare to buy a house, no matter how close you are to making an offer.

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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

Realtor.com

AUGUST 7, 2020

Iuliia Mikhalitskaia/Getty Images Take a look at your sink, washing machine, and teakettle. Do you see stubborn soap scum and mineral deposits that can only be removed with extra scrubbing? Hard water is the culprit. To achieve crystal-clear water glasses and streakless pots and pans, many people install a water softener. “Water softeners are a great investment if your water supply is high in mineral content, a condition known as hard water,” says Paul Abrams , a spokesperson for Roto-Rooter Ser

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As-is 125

Housing Wire

AUGUST 7, 2020

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so-called REAC inspections, which stands for Real Estate Assessment Center, are aimed at ensuring HUD properties like rental housing for low-income families, the elderly, and persons with disabilities “meet federal standards of health, safety, and accessibility,” HUD said.

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Eye on Housing

AUGUST 5, 2020

Housing creates jobs, and housing in turn follows job growth from business activity. Thus, tracking the growth of enterprise provides a guide to future home building. The Census Bureau recently released its Second Quarter 2020 Business Formation Statistics Report (BFS). The report provides timely and high-frequency data on business applications and employer business formations measured by applications for an Employer.

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Realty Biz

AUGUST 4, 2020

What Are The Cons of Flat Fee MLS? When things in life seem too good to be true, they usually are precisely that. In real estate, the perfect example is flat fee MLS. Selling your home is a costly experience, so any way of saving money should be jumped at, right? A flat fee MLS entry service is a potential way to avoid paying all of the typical real estate agent’s commission, but is it really worth it?

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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