Housing Wire

SEPTEMBER 7, 2021

One year ago this month, I coined the term forbearance crash bros , an updated name for the housing bubble boys who never got their housing crash in 2020 so they moved the collapse of housing to 2021. Many other articles were written in tribute to this wonderfully talented group of internet crash callers. As we are in September 2021, we can safely say the housing crash has been moved once again to next year.

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Keeping Current Matters

SEPTEMBER 9, 2021

One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price appreciation: The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%.

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Eye on Housing

SEPTEMBER 10, 2021

Housing affordability has gained increased attention in recent quarters due growing home prices and rents. For the second quarter of 2021, NAHB’s Home Building Geography Index (HBGI) explored a geographic measure of housing affordability using Price-to-Income ratios of all counties in the United States1 to map the geography of single-family and multifamily construction.

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HomeLight

SEPTEMBER 9, 2021

Updated September 9, 2021. Moving is a big deal, and the decision of whether to sell your house now or wait is rarely an easy one. But in 2021, perhaps more so than any other moment in history, sellers have received sign after sign that it’s an opportune window to put their house on the market — at least from a financial standpoint. So let’s talk about what’s going on.

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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

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. This week’s near constant mortgage rates tracked with the 10-year Treasury yield, which rose slightly and then tapered off in the past week.

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Keeping Current Matters

SEPTEMBER 10, 2021

Some Highlights. When it comes to the current housing market , there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the pros. Reach out to an agent today to see why it’s still a good time to buy.

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Maximum Exposure Real Estate

SEPTEMBER 7, 2021

Who Are The Best Junk Removal Companies Are you going to be selling your home and have junk you need to get rid of? Do you want to hire one of the top junk removal companies? Most people have more junk in their homes than they realize, so when it comes to moving, there will […]. The post Who Has The Best Junk Removal Services appeared first on Massachusetts Real Estate Exposure.

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Marketing 132

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. According to the OCC, the fine is also a result of the bank violating the terms of a 2018 compliance consent order , which alleged that Wells Fargo did not implement or maintain a compliance risk management program proportionate with the bank’s size, complexity and risk pro

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Keeping Current Matters

SEPTEMBER 7, 2021

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly. According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, t

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Sotheby's International Real Estate

SEPTEMBER 7, 2021

As entwined in the history of the Napa Valley as the abundant vines cultivated there, this stone and shingle residence—sitting at the heart of an enchanting half-acre—represents the opportunity to own a piece of wine country yore. Constructed in the 1890s to house the Esmeralda Winery, which supplied the landmark Palace Hotel, the building was tastefully redesigned in 2007 by the highly acclaimed firm of Fisher Weisman.

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Construction 129

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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

Eye on Housing

SEPTEMBER 9, 2021

According to the most recent release of the Bureau of Labor Statistics Producer Price Index (PPI), the prices of goods used as inputs to residential construction including and excluding energy have risen 19.0% and 12.0%, respectively, year-to-date (YTD). In contrast, the index for final demand goods has climbed 7.2% and that for final demand goods less food and energy is.

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Housing Wire

SEPTEMBER 8, 2021

King County in Washington is the 12 th most populous county in the U.S. with 2.2 million people, and — as home to Seattle — it is one of the wealthiest pockets of America. At the end of August 2019, there were 5,472 homes for sale in King County, according to the Northwest Multiple Listing Service. At the end of this August? There were just 2,268 houses, per the Northwest MLS, down 241%.

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Keeping Current Matters

SEPTEMBER 8, 2021

Even though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to-face with foreclosure as a possibility. And while the overall percentage of homeowners at risk is decreasing with time ( see graph below ), that’s little comfort to those individuals who are facing challenges today.

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The American Genius for Real Estate

SEPTEMBER 6, 2021

(REAL ESTATE) After years of hearing how millennials delay homeownership, it's refreshing to hear Gen Z has a totally different perspective. The post Gen Z is far more open to homeownership than millennials [study] appeared first on The American Genius Real Estate.

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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

Eye on Housing

SEPTEMBER 6, 2021

Median square foot prices in new custom single-family detached (SFD) homes started in 2020 increased 8%, according to NAHB’s analysis of the latest Survey of Construction data. Increases in square foot prices in new for-sale SFD homes (excluding skyrocketing improved lot values) averaged 4%. Median sale and contract prices per square foot went up across all US regions, except for.

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Housing Wire

SEPTEMBER 9, 2021

United Wholesale Mortgage (UWM) announced today that it will no longer require its brokers to use appraisal management companies to complete appraisals. The Pontiac, Michigan-based wholesale lender will instead coordinate appraisals in-house, contracting with appraisers directly, offering appraisers and brokers a way to bypass AMCs altogether, which UWM CEO Mat Ishbia characterizes as “middlemen.”.

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Keeping Current Matters

SEPTEMBER 6, 2021

Wishing you a happy and safe Labor Day. The post Honoring the American Workforce appeared first on Keeping Current Matters.

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Sotheby's International Real Estate

SEPTEMBER 4, 2021

More than mere introductions, the front porches of these homes are destinations in their own right, perfect for relaxing and appreciating their settings and the best of every season. Colonial Charm in Greenwich. Greenwich, Connecticut | Carol Clarke, Sotheby’s International Realty – Greenwich Brokerage. Just minutes from the restaurants and shops of Greenwich Avenue, this delightful historic townhouse begins with a breezy classic front porch.

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Brokerage 122

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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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Marco Santarelli

SEPTEMBER 10, 2021

We will discuss the latest Cincinnati real estate market trends & news and find out how they can affect the investors and homebuyers in the second half of 2021. Cincinnati is a sizzling hot housing market due to low housing inventory and relatively higher demand. Cincinnati, like many other Midwestern cities, is ticked off among those that used to be great.

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Housing Wire

SEPTEMBER 8, 2021

Homeowners withdrew $63 billion in equity in the second quarter of 2021, according to the latest numbers from Black Knight , the most in a single quarter in nearly 15 years. There is still $9 trillion in tappable equity, a 37% increase year-over-year. The driver is, of course, spiking home prices in most places. Home values have risen so dramatically that the average homeowner could refinance their mortgage and withdraw $173,000, while retaining 20% equity in their home.

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HomeLight

SEPTEMBER 9, 2021

Selling your home fast is always a good idea, no matter the motivation. The longer the home is on the market, the less valuable it becomes so speed is of the essence. Derek Gutting , a top real estate agent who’s sold 86% more single family homes than average in Indianapolis, Indiana , explains that “the longer the home is on the market, the higher the probability of getting a lower offer.”.

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Realty Biz

SEPTEMBER 10, 2021

If you’re looking for proven ways to beat inflation and generate wealth, real estate is likely your best bet. According to the Federal Reserve Bank of San Francisco , real estate investing offers many advantages over other investments — including stocks. Over time, the Fed says, real estate values appreciate more, and real estate investments enjoy unique tax advantages.

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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

Eye on Housing

SEPTEMBER 9, 2021

According to data from the Census Bureau’s Survey of Construction (SOC), 67.1 percent of single-family homes started in 2020 were built within a community or homeowner’s association. This is a record high for the association percentage since the re-design of the SOC in 2009. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common.

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Housing Wire

SEPTEMBER 9, 2021

When it comes to consumers’ growing desire for a seamless, fully digital home-buying experience, coupled with COVID-19’s influence on buying behaviors, it’s safe to say there truly is “no turning back.”. The pandemic had a profound impact on the home-buying experience. Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers.

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HomeLight

SEPTEMBER 7, 2021

Most homebuyers are going to need a mortgage loan in order to buy a house, but these days it’s not unheard of for buyers to purchase their home with cold, hard cash. Whether it’s money saved, equity from the sale of a previous home, a cash windfall, or using a cash offer platform from a lender, buying a home for cash has become more and more common.

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Marco Santarelli

SEPTEMBER 7, 2021

Successful real estate investment has long been one of the proven ways to become wealthy. Buy or secure title to land. Develop the improved agricultural potential of the property or build housing you can rent out, or make the investment property more attractive to tenants so you can charge higher rent. These are common ways to become successful in real estate investing.

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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

Eye on Housing

SEPTEMBER 7, 2021

In the second quarter of 2021, residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI). During this period, multifamily construction posted double-digit percentage gains in small metro core and suburban areas, while large metro areas experienced a decrease for.

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Housing Wire

SEPTEMBER 7, 2021

Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. While the announcements didn’t include any major new programs, federal agencies will restart programs that previously lapsed, such as the U.S. Treasury and the Department of Housing and Urban Development ’s risk-based sharing program, and increase funding to existing programs.

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The American Genius for Real Estate

SEPTEMBER 6, 2021

(TECH) Whether WordPress or Google Ads are part of your business, their battle could impact how you market and/or make money. The post If you use WordPress or Google Ads, you need to know a battle’s brewing appeared first on The American Genius Real Estate.

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Marketing 111

Afford Anything

SEPTEMBER 8, 2021

F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars. Each episode is curated from the best interviews out of the 335+ episodes within our archives. Today, we kick off with an episode focused on financial psychology.

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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