Housing Wire
OCTOBER 7, 2020
Don’t call it a comeback, Good demographics and low mortgage rates have been here for years, Rockin’ the bubble boys Puttin’ the bears in fear. That’s a reference to the song “Mama Said Knock You Out” from L.L Cool J. I have used this in other articles and interviews, which runs in line with my big macro take that what drives the housing market are mortgage rates and demographics.
Keeping Current Matters
OCTOBER 5, 2020
In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year.
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Realtor.com
OCTOBER 5, 2020
Douglas Elliman, CBS Photo Archive/Getty An impeccably composed home built for the late jazz musician Dave Brubeck has come on the market. The estate in Wilton, CT, is listed for $2.75 million. The home was built for the Brubeck family in the early 1960s by the architect Beverley David Thorne , and was designed to blend harmoniously with the surrounding land.
Point2Homes
OCTOBER 6, 2020
Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from. For instance, using undocumented cash funds could create unexpected issues in a real estate transaction.
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.
Housing Wire
OCTOBER 7, 2020
For the second consecutive month, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ desire to sell or buy a home, gained 3.5 points in September to 81. Compared to this time last year, the HPSI is down 10.5 points, but has recovered more than half of its early pandemic-period decline when April’s HPSI hit its lowest reading since November 2011.
Keeping Current Matters
OCTOBER 7, 2020
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
OCTOBER 5, 2020
For the first time since the Census Bureau started tracking lot sizes for new single-family detached homes, the median lot size for homes sold in 2019 dropped to 8,177 square feet, or 0.188 of an acre. This represents a solid drop of 390 square feet since 2018 and a new record low. The shrinking median lot size largely reflects the. Read More › The post Lot Size Hits New Record Low in 2019 first appeared on Eye On Housing.
Housing Wire
OCTOBER 8, 2020
Doug Duncan doesn’t claim to be an oracle, but the Fannie Mae Senior Vice President and Chief Economist on Thursday offered some forecasts for 2021, even amid a pandemic that has thrown markets into disarray. The country is mired in a recession, and while the CARES Act provided a short-term jolt to the economy, much remains uncertain about COVID-19 and its ultimate impact on the U.S. economy and the housing market, he said.
Keeping Current Matters
OCTOBER 6, 2020
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while, so making a move while demand for your current house is high could be your best step forward toward the retirement goals you set out to achieve several years ago.
Maximum Exposure Real Estate
OCTOBER 5, 2020
What Will Movers Do For You? Are you going to be buying or selling a home? One of the most challenging aspects of each is moving. Let’s face it; moving is hard work. If you want to avoid any of the back-breaking work involved in moving home, you can. Full-service movers can step in to […]. The post What Services Do Movers Provide appeared first on Massachusetts Real Estate Exposure.
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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.
Realtor.com
OCTOBER 5, 2020
Jennifer Blount / Getty Images As the coronavirus hangs on into the fall season, having outdoor space is proving more valuable than ever. But now that cooler weather is on the way, stretching out the life of your porch, backyard, or balcony is the next smart step. Especially in colder northern climates, where summers are shorter, extending the use of outdoor areas is an increasingly essential step, says Ana Cummings of the eponymous design firm.
Housing Wire
OCTOBER 7, 2020
Are you running your real estate practice like a business? Or is being a real estate agent just a side hustle for you – something you do in your spare time? According to the U.S. Small Business Administration , only half of small businesses survive five years or longer. So, if you’re planning to be a real estate agent long-term, it’s probably a good idea to run your business like, well, a business, especially in today’s highly competitive housing market.
Keeping Current Matters
OCTOBER 8, 2020
Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for their later years in life. This year, however, the game changed. Many of today’s workers who are nearing the end of their professional careers, but maybe aren’t quite ready to retire, have a new choice to make: should I move before
REM Online
OCTOBER 7, 2020
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Unconditional offers to buy are binding, appeal court rules. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspec
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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.
Eye on Housing
OCTOBER 5, 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the second quarter of 2020 compared to the previous quarter, as a result of reflecting “stay-at-home” orders across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from.
Housing Wire
OCTOBER 5, 2020
The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis poin
Keeping Current Matters
OCTOBER 9, 2020
Some Highlights. If you’re ready to sell your house but you’re worried about finding one to move into, why not invest in a brand-new home built just for you? New construction is on the rise, so it’s a great time to think about a custom home to fit your family’s changing needs. Reach out to a local real estate professional to understand how to sell your house while buyer demand is high and find a new home to call your own while you’re at it.
Realtor.com
OCTOBER 7, 2020
Westend61/Getty Images This year’s coronavirus pandemic and the accompanying recession have turned a lot of people’s financial plans upside down. But those millennials who’ve been lucky enough to hang onto their jobs are fast-tracking their plans to buy a home, in part because the pandemic is helping them do so. The nation’s largest generation has been helped by record-low mortgage interest rates, according to a recent realtor.com® survey.
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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.
Eye on Housing
OCTOBER 7, 2020
For the week ending October 2, 2020, the Mortgage Bankers Association’s Weekly Application Survey, showed a 4.6% increase in overall mortgage activity from the previous week on a seasonally adjusted basis, as seen in its Market Composite Index. The growth was driven primarily by the Refinancing Index, which shot up by 8.2% from the previous week, driven by a drop.
Housing Wire
OCTOBER 6, 2020
There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government who could have gotten help by getting a forbearance agreement, a right given to them by the CARES Act passed by Congress at the end of March, according to the report by Laurie Goodman and Michael Neal.
The Mortgage Report
OCTOBER 6, 2020
30-year mortgage rates chart with average 30-year rates since 1972. Rates have been dropping, but can they go lower still? Find out here.
Realtor.com
OCTOBER 5, 2020
TheCrimsonMonkey/Getty Images You probably don’t think—or don’t want to think —much about the creepy crawlers and rodents that could be hiding in your home. But that doesn’t mean they aren’t there. (Cue the spooky music!). The truth is, many of us unknowingly live alongside bugs, mice, and plenty of other uninvited guests lurking in our homes.
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.
Jason Fox
OCTOBER 8, 2020
15 Free Marketing Tools to Brand and Promote Your Real Estate Business. Grow your Web Presence with these Free Marketing and Branding Tools How well you brand and promote your real estate business heavily influences your rate of growth and success rate. When you are competing against established players with resources in place this can be a daunting job.
Housing Wire
OCTOBER 8, 2020
The average U.S. mortgage rate for a 30-year fixed loan is 2.87% this week, dropping one basis point from last week’s 2.88% , Freddie Mac said in a report on Thursday. The rate is now one basis point from an all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.37%, rising one basis point from last week’s 2.36%, the mortgage securitizer said.
RIS Media
OCTOBER 4, 2020
Is the market frenzy coming to an end? According to Zillow’s Weekly Market Report for the week ending Sept. 26, “tapering pending sales and minimal recent growth in list prices point to an overdue seasonal market slowdown.” According to the report, pending listings were up 22.2 percent year-over-year for the week, but have fallen 4.6 percent month-over0month and 1.5 percent week-over-week.
Realtor.com
OCTOBER 7, 2020
KatarzynaBialasiewicz/Getty Images When it comes to home improvement, the bedroom is easy to ignore. We often spend more time in the kitchen (or even the bathroom ) than the bedroom, and guests are more likely to hang out in the living room than the sleeping quarters—which makes it tempting to treat the bedroom like a storage space instead of a refuge for relaxation.
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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.
Eye on Housing
OCTOBER 9, 2020
In September 2020 and thru the first week of the 2020’s fourth quarter, the 10-year Treasury Constant Maturity rate trended slightly higher, while the 30-year fixed mortgage rate, as determined by Freddie Mac’s Primary Market Mortgage Survey (PMMS), trended lower. The net result of these movements was that the overall spread trended lower in September.
Housing Wire
OCTOBER 7, 2020
V#&WUA. – no, I’m not beeping something out. These days, it seems those symbols are all the economic recovery scenarios that are possible as the U.S. looks to recover from the pandemic that has gripped our nation in 2020. For the housing market, that recovery could look different from the larger economy. In the Spring of of 2020, as stay-at-home orders spread across the U.S. and many businesses began to close, the housing market proved to be incredibly resilient, thriving amid record l
Easy Agent Pro
OCTOBER 6, 2020
“Location, location, location” applies to more than just where a home is situated on the planet. If you think about it, the age-old mantra describes and rules your business. You sling real estate in a specific location. When a consumer needs an agent, they search for one in their location. As well, when they want to look at homes online, they further define their location by neighborhood or community.
Brownstoner
OCTOBER 5, 2020
This Fort Greene Neo-Grec has the impressive proportions and intricately detailed woodwork that might capture an old house enthusiast willing to take on a property in estate condition. The 33-foot-wide house also has a location across from Fort Greene Park, at 198 Washington Park, in the historic district. The brownstone… Read More > The post Jumbo Fort Greene Brownstone With 12 Mantels, Grand Details in Need of Work Asks $6.5 Million appeared first on Brownstoner.
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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