Sat.Jul 17, 2021 - Fri.Jul 23, 2021

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Existing home sales show strength of demographics

Housing Wire

The National Association of Realtors reported existing home sales for the month of June were under their estimates slightly. The seasonally adjusted annual rate of 5.86 million achieved in June was a bit better than my expectations, ending four months of declines. If existing home sales were getting noticeably weaker, we would expect the sales trend to be around 5.3 million, which would be back to 2019 levels.

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What You Should Do Before Interest Rates Rise

Keeping Current Matters

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage of today’s current low rates before they rise.

Mortgages 322
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Desire for Homeownership Continues to Increase

Eye on Housing

Seventeen percent of American adults are considering the purchase of a home within a year, according to NAHB’s Housing Trends Report for the second quarter of 2021. The share (now seasonally-adjusted) has increased for five consecutive quarters, after hitting a series low of 10% in the first quarter of 2020. The upward trend is clear evidence of Americans’ growing desire.

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How to Buy a House With Bad Credit: Mortgages With Low Credit Score

Maximum Exposure Real Estate

Getting a Mortgage to Buy a House With Bad Credit Can I buy a house with bad credit? Are bad credit home loans available? If you are asking these questions, you’re not alone. Many people who are interested in purchasing a house want to know the minimum credit score requirement. Getting a home loan with […]. The post How to Buy a House With Bad Credit: Mortgages With Low Credit Score appeared first on Massachusetts Real Estate Exposure.

Mortgages 145
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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The housing market is losing steam

Housing Wire

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in June, a decrease of 5% from May’s pace of 741,000.

Marketing 511
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3 Charts That Show This Isn’t a Housing Bubble

Keeping Current Matters

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons. 1. The housing market isn’t driven by risky mortgage loans. Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money.

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Cybercrime Hits Title Industry: Cloudstar Victim of Ransomware Attack

RIS Media

Cloudstar, a company that operates five data centers and provides support to title professionals throughout the U.S., is the latest victim of a “highly sophisticated ransomware attack.” The company released a statement on Sun., July 18 announcing the cyber attack. The details: – Cloudstar’s systems are currently down, except for its Office 365 mail services, email encryption offering and some support services. – The company has hired third-party forensics experts Te

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Housing inventory slowly coming back as frenzy fades

Housing Wire

After four consecutive months of declines, existing home sales increased in June, jumping 1.4% from May to a seasonally adjusted annual rate of 5.86 million, according to the National Association of Realtors. You can thank a rise in housing inventory for the gains. Sales climbed 22.9% year over year, up from 4.77 million in June 2020 as housing inventory has slowly improved in recent months.

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Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?

Keeping Current Matters

Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad. Before the pandemic, only 21% of individuals worked from home.

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Global Property Bubble To Correct, Canada Is The Second Riskiest: Oxford Economics

Better Dwelling

The whole world might be in a property bubble, but Canada is the second riskiest. That’s the take from Oxford Economics in their latest housing report this morning. Adam Slater, the firm’s lead economist, broke down fundamentals for global markets. He found double-digit overvaluations are widely seen these days. The firm believes a correction is […].

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

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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Towels, Toilets, and More: Here’s How Often Things in Your Bathroom Should Be Replaced

Realtor.com

Getty Images When our bathrooms are out of order, it’s as if our lives are out of order. Whether you have one bathroom or five, uninterrupted function and cleanliness are crucial. That’s why it’s important to know exactly when the elements in your bathroom can conk out and need to be replaced. “Homeowners should be thinking about replacing and performing the proper upkeep with things in the bathroom because it’s the second most used room in the house, next to the kitchen,

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New homes selling well even as builders pass on costs

Housing Wire

After an epic rise in housing starts and permits from the COVID-19 lows, the latest Census report shows a calm after the housing storm. This report is consistent with my prediction that all housing data will moderate from the epic run-up in activity in the second half of 2020. This moderation means that 2021 will likely have slightly more total home sales than 2020, but not gangbusters.

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Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. The language of buying and selling a home may sound scary at first, but knowing how key terms relate to today’s market can help you. For example, current low mortgage rates and higher wages positively impact affordability for buyers, while home price appreciation continues to grow home equity , which sellers can use to fuel a move up.

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Inside an Elegant Residence on Fifth Avenue

Sotheby's International Real Estate

Among all the storied streets and boulevards in the world, few are as renowned and respected as Fifth Avenue in Manhattan, fabled and sought after for its Museum Mile, its proximity to Central Park, its spectacular architecture, and the luxurious apartments and penthouses soaring above its bustle. New York, New York | Craig George & Kevin B. Brown, Sotheby’s International Realty – East Side Manhattan Brokerage.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

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.

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7 Living Room Improvements That’ll Help Sell Your Home for More Money

Realtor.com

Getty Images The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV). If you’re preparing to list your house, you need to go the extra mile to help prospective new owners see your living room’s full potential. Today’s buyers expect spaces that are equal parts inviting and updated.

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Mortgage applications fall amid market jitters

Housing Wire

Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on global economic growth, according to the latest survey from the Mortgage Bankers Association.

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Today’s Real Estate Market Explained Through 4 Key Trends

Keeping Current Matters

As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage of Homes for Sale. Earlier this year, the number of homes available for sale fell to an all-time low.

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5 Stylish Swimming Pools That Make a Splash

Sotheby's International Real Estate

Few things are more enticing than a refreshing swim or float during the long, hot days of summer. These dazzling pools—in locations from Connecticut to California—encourage outdoor enjoyment and relaxation in sophisticated settings. Wine Country Retreat in Sonoma, California. Sheri Morgensen, Sotheby’s International Realty – San Francisco Brokerage.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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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Thinking of Buying a Lakeside Home? 9 Things You’d Better Consider First

Realtor.com

Getty Images If you’re reading this, you’ve probably already been scrolling through Realtor.com listings in search of your idyllic lakeside cottage. And who could blame you? In these dog days of summer, we could all use a little waterfront respite from life’s stresses. . Take it from me—lakeside living truly is a dream come true. My grandpa built a cabin in Michigan where I spent many weekends and summers, and it’s still used by our family today.

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Housing starts increase, but builders still lack supplies

Housing Wire

Housing starts increased 6.3% to a rate of 1.64 million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. Per the most recent study from the U.S. Census Bureau, starts are up 29% year over year, though the comparison is skewed due to the COVID-19 pandemic.

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Is it Real? The Story Behind Tony Stark’s Insane Malibu Mansion in the Iron Man Movies

Fancy Pants Homes

In a time long before Thanos wiped out half of the world’s population, one of the most memorable movie scenes in the Marvel Cinematic Universe saw Iron Man’s house crumble down to the bottom of the ocean. And while Tony Stark was (rightfully so) busy saving Pepper from the wreckage, we just sat there, looking at his futuristic mansion being wiped out from the face of the Earth.

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Luxury Real Estate Headlines: Third Week in July 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Big Pine Key, Florida | Ally Kelley, Ocean Sotheby’s International Realty . An oceanfront house listed for $5.49 million on West Cahill Court on Florida’s Big Pine Key offers a private place to witness aquatic life up close. $5.5M Florida Keys Home Features an Aquarium Big Enough for Snorkeling – Realtor.com. 7 Stylish Homes With Sophisticated Drinking Lounges on Property – Archite

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Most Common Sidings On New Homes are Stucco and Vinyl in 2020

Eye on Housing

According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2020 (28 percent), followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year had wood.

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3 solutions to a gridlocked housing market

Housing Wire

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. Acra Lending is doing what it can to help free up inventory. The company specializes in non-QM products, a sector that serves many borrowers who might not fit agency loans. By working with borrowers in unusual circumstances, Acra is helping create opportunities for inventory to open up. 3-month bank statement.

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Canada Is Increasing The Weight of Shelter For Inflation… It Will Lower The Numbers

Better Dwelling

Canadians have been begging for housing costs to have a greater influence on inflation. They’re going to finally get what they’ve been asking for… but it’s going to work against them. The consumer price index (CPI) basket weights got an update from Statistics Canada (Stat Can). One of the biggest changes to the index is […].

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5 Ways to Welcome in Maximalism Through Color

Sotheby's International Real Estate

Minimalism has its appeal, but it’s hard to argue that maximalism doesn’t deserve its share of the design spotlight. In contrast to the pared-down aesthetics of minimalism and its Scandinavian neutrals, maximalism makes the claim that more is better. Instead of white walls and sparse decorative elements, think saturated colors, layered textures, and eclectic pieces that contribute to a bold and undeniably unique space.

Design 125
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

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.

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On the Fence About Selling? These Signs Can Indicate It’s Time to Make a Move

Lighter Side of Real Estate

It can be challenging to determine when the best time to sell your home is. But if you’re on the fence about when (or if!) to sell your home, you could end up pushing off your home sale because you can’t make a decision—and missing out on the best time to sell. So, the question is—what are some signs to be on the lookout for that will help you determine when you should sell?

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Buyers showing renewed interest in condos

Housing Wire

For the second consecutive month, condos sold for, on average, above their asking price — signaling renewed homebuyer competition for condos after a pandemic-fueled slump, according to a recent study by Redfin. The typical condo sold for 0.7% above its asking price in June, following a premium of 0.4% in May. In dollar terms, the typical condo sold for $304,000 in June.

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Global Real Estate Prices Grew At The Fastest Rate Ever. Canada Grew 3x That Rate

Better Dwelling

Global real estate prices are growing at the fastest rate ever, but it’s nothing like in Canada. US Federal Reserve data shows annual home price growth for advanced economies hit a record in the first quarter of 2021. So did Canada. The difference is Canada’s record growth is more than 3x as large as other […]. The post Global Real Estate Prices Grew At The Fastest Rate Ever.

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Modular and Other Non-Site Built Housing In 2020

Eye on Housing

The total market share of non-site built single-family homes (modular and panelized) was at 3% of single-family completions in 2020, according to Census Bureau Survey of Construction data and NAHB analysis. This share is expected to rise moderately in 2021 and in the years ahead, due to the ongoing labor shortage in the residential construction sector and the need to lift labor.

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.