Keeping Current Matters

JULY 7, 2022

According to a recent survey, more and more Americans are concerned about a possible recession.

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Marketing 290

Realty Biz

JULY 6, 2022

It is not unusual for real estate markets to change. It happens all the time. Quite often real estate markets stay the same for quite a while and then something happens that causes a shift. Sometimes it is the general economy, other times it could be interest rates moving significantly up or down, and possibly the stock market changing drastically. Your probably wondering what are the major signs that the real estate market is changing in your local area.

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Home sale contingency Marketing Inspection contingency Inspection 138

Maximum Exposure Real Estate

JULY 5, 2022

What is an Appraisal? Appraisals and appraisal contingencies are a normal part of most real estate transactions and the home buying process in general. When purchasing a home and getting a mortgage there will often be a real estate appraisal conducted. A home appraisal ensures that you are paying fair market value for a property. […]. The post What is an Appraisal Contingency and Why Should I Care?

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Mortgages Marketing 129

Housing Wire

JULY 6, 2022

Non-QM lender Sprout Mortgage is shutting down operations, multiple workers said on Wednesday. The company informed workers of the shut down in a conference call on Wednesday, a former staffer said. Sprout had already instituted several rounds of job cuts in the months leading up to the shutdown, the ex-employee said. The closure of Long Island-based Sprout, headed by industry veteran Michael Strauss, represents the second non-QM mortgage lender to close in recent weeks amid historic volatility.

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Mortgages Investor Loans Residential 511

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Keeping Current Matters

JULY 8, 2022

Some Highlights. According to the latest data from CoreLogic , the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in your home and how you can use it, reach out to a local real estate professional.

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Equity Marketing 304

Eye on Housing

JULY 6, 2022

The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions. The count of open construction jobs was little changed in May, falling from 440,000 in April to 434,000. The April reading remains the highest measure in the history of.

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Construction Marketing 125

Housing Wire

JULY 8, 2022

What does it mean to get a positive job report with all the talk about a recession, which ramped up starting in January 2022? Let’s look at the U.S. jobs and economic numbers as five of my six recession red flags are up today. The June data shows that we added another 372,000 jobs as we get closer to the employment numbers before COVID-19. We did have 74,000 negative revisions to the previous reports, however, the internals of this jobs report is the most interesting aspect.

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Construction Staging As-is Sales 504

Keeping Current Matters

JULY 5, 2022

Defining the American dream is personal, and no one individual will have the same definition as another.

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As-is 291

Eye on Housing

JULY 4, 2022

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $672.9 billion in taxes were paid by property owners in the four quarters ending Q1 2022 (not seasonally adjusted), a 0.1% quarterly increase.[1] State and local governments collected $1.9 trillion over the same period, the largest amount on record (nominal and real) and 16.0% more than.

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Sales 122

Coldwell Banker

JULY 5, 2022

Back to school means back to doing homework. While there are many ways to help children develop good self-discipline, one way is to motivate them by creating an inviting space where they can concentrate and stay stress free. You don’t need a lot of space or a dedicated room for a homework station. Whether it’s […]. The post A+ Ideas for Kid-Focused Homework Stations appeared first on Coldwell Banker Blue Matter.

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Development 112

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

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collaps

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Lending Mortgages Loans As-is 500

Keeping Current Matters

JULY 6, 2022

It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years.

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Equity 264

Eye on Housing

JULY 6, 2022

Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 1, total mortgage activity decreased, with the 30-year fixed-rate mortgage (FRM) rate reaching 5.8% on average. The latest week’s rate decreased to 5.74%, declining for the second straight week but still above pandemic levels. The Market Composite Index, a measure of mortgage loan application volume, decreased by 5.4%.

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Fixed-rate mortgage Mortgages Loans Marketing 120

HomeLight

JULY 7, 2022

A home warranty offers sellers and homebuyers peace of mind that appliances and mechanical systems will remain in working order until the homebuyer takes possession. Most real estate agreements require that a house is in the same condition as when the buyer viewed it when they take possession, so if an appliance or mechanical system breaks down after you’ve signed a purchase agreement , you’ll have to repair or replace it.

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Purchase and sale agreement Sales Agents Closing 111

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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

Housing Wire

JULY 5, 2022

Home price appreciation, which skyrocketed during the pandemic, is showing signs of slowing, according to a monthly report published by CoreLogic Tuesday. In May, home prices increased by 20.2% year-over-year, the report said. But come next May, the data vendor predicts home price appreciation will dip to 5%. The recent hikes in mortgage interest rates by the Federal Reserve has contributed to the expected cool down of home prices, according to the report.

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Mortgages Marketing As-is 488

Keeping Current Matters

JULY 4, 2022

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Eye on Housing

JULY 8, 2022

Despite interest rate hikes, job growth remained solid in June. Total nonfarm payroll employment increased by 372,000 and the unemployment rate remained at 3.6% in June. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In June, residential construction lost 4,100 jobs, and non-residential construction added 16,500 jobs.

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Residential Construction Industrial 115

The Mortgage Report

JULY 6, 2022

Is a recession coming? And what would it mean for the U.S. housing market? One real estate expert explains in this podcast.

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Marketing 111

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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

Housing Wire

JULY 7, 2022

Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.

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Fixed-rate mortgage Mortgages Technology Industrial 477

Realtor.com

JULY 7, 2022

You signed what seems like hundreds of papers. You’re holding the keys to your new home. The door is open—and now it gets real. Being a homeowner isn’t just a title—it’s also a responsibility, and there are a few new habits you’ll need to develop to keep your home in tip-top shape. Don’t be intimidated, though. The benefit of creating and staying on top of a few key habits means that the work will never feel overwhelming.

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Closing Development Inspection Title 110

Eye on Housing

JULY 7, 2022

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013. The average time to build multifamily homes varies with the number of units in.

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Construction 115

Brownstoner

JULY 7, 2022

Affordable homeownership nonprofit Center for NYC Neighborhoods is piloting an estate planning program as part of a parcel of initiatives intended to reverse declining Black homeownership rates across the city. The Generation 2 Generation program, announced at the end of June, is one of five programs being rolled out by… Read More > The post As Black Homeownership Declines, Estate Planning Program Aims to Reverse Trend in Brooklyn appeared first on Brownstoner.

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As-is Marketing 110

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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

Housing Wire

JULY 8, 2022

Just two days after it abruptly shut down its operations, non-QM lender Sprout Mortgage became the target of a class-action-seeking lawsuit. Two former employees are suing the Long Island-based Sprout, its affiliated company Recovco Mortgage Management LLC and chief executive officer Michael Strauss, alleging they laid off around 100 employees at the New York office on Wednesday without giving legally required written notice and failed to pay their paychecks due the following day.

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Mortgages Bankruptcy Loans Investor 459

HomeLight

JULY 6, 2022

Editor’s note: Information in this article is current as of June 22, 2022. Processes, rates, and services from real estate companies can change based on market conditions, housing trends, changes in technology, and customer needs. Whether you’re looking to buy or sell a home (or both), it seems like everyone is interested in all-cash offers these days.

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Purchase and sale agreement Agents Finance Inspection 110

Eye on Housing

JULY 5, 2022

The earlier June post highlighted the rising number and share of Hispanics in the construction industry. Hispanics now account for almost a third of the construction workforce, according to the 2021 Current Population Survey. In this post, we focus on the regional and state-level differences in the racial and ethnic composition of the construction labor force.

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Construction Industrial 111

RISMedia

JULY 7, 2022

By Brooke Chaplan There are several tasks to take care of before putting your home on the market. For example, you need to take the time to boost your curb appeal. After all, you want to make a good impression on your potential buyers. If they arrive at your home and notice an unsightly exterior, […]. The post How to Improve Your Home’s Exterior Before Listing appeared first on RISMedia's Housecall.

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Marketing 108

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

Housing Wire

JULY 7, 2022

Roughly eight in 10 consumers participating in a recent survey are frustrated with the housing market, inflation and the increasingly worsening economy — reflecting record-setting dissatisfaction from respondents of Fannie Mae ‘s Home Purchase Sentiment Index (HPSI). The index, which tracks consumer confidence in the housing market, fell 3.4 points from May to June, dropping to 64.8 — its second-lowest reading in a decade.

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Mortgages Marketing As-is Sales 457

Real Trends

JULY 7, 2022

Following a two-year draught in housing inventory, the housing market is showing signs of replenishment, according to data published by Realtor.com. The week ending July 2 saw the rate of new listings increase by 8% year-over-year. The rate of active inventory rose 29% above last year’s rate. An increase in home listings is partially being driven by higher interest rates, which are discouraging potential buyers, Danielle Hale, chief economist at Realtor.com, said in a statement.

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Sales Mortgages Marketing As-is 106

Realty Biz

JULY 7, 2022

With interest rates and inflation both on the rise, the US housing market has recently taken a hit. In fact, the cost of buying a home jumped more than 20% this April compared to the same month in 2021. It’s no secret that in recent yes, the real estate market has become increasingly more unstable than it usually is. Home prices have fluctuated wildly, and there have been a number of high-profile housing bubbles that have eventually burst, causing economic damage. .

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Marketing Pre-approval Mortgages As-is 106

The Close

JULY 6, 2022

A real estate referral fee is a portion of the commission paid to another real estate agent or broker in exchange for a client referral. A typical referral fee is 25% of the gross commission for a single side of a transaction. However, there’s no set standard for a referral fee rate, and, like every other aspect of real estate commissions, a referral fee is negotiable.

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Purchase and sale agreement Commercial Agents Closing 105

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