The Close

SEPTEMBER 8, 2022

Current home sales in 2022 are the second highest tally since 2007, trailing only 2021. Real estate statistics like this one are a critical part of understanding the ever-changing real estate market and the industry at large. We’ve researched multiple sources to bring you 111 of the most compelling real estate stats from across the industry—covering everything from market performance, agent demographics, marketing, teams, brokerages, and more.

Equity 139

Equity Agents Closing Brokerage 139

Keeping Current Matters

SEPTEMBER 7, 2022

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year.

Mortgages 287

Mortgages Marketing 287

Real Trends

SEPTEMBER 6, 2022

According to a recent Forbes report, active listing inventory in the U.S. is up nearly 31% for the third month in a row. Along with this comes longer days on the market, lighter showing activity, fewer competitive offers, and more power to qualified buyers. With more listings to choose from, buyers’ agents look for reasons to not show a property.

MLS 111

MLS Staging Agents New Construction 111

Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, multiple sources told HousingWire.

Mortgages 514

Mortgages Loan Officer Loans Finance 514

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

Eye on Housing

SEPTEMBER 7, 2022

Despite the pandemic-triggered suburban flight and presumed shifts in preferences towards more spacious living, a rising share of new for-sale homes were built on smaller lots. According to the latest Survey of Construction (SOC), more than two thirds of new single-family detached homes sold in 2021 were built on lots smaller than one-fifth of an acre.

Construction 126

Construction Sales 126

The Close

SEPTEMBER 8, 2022

As Managing Editor of The Close, I’ve interviewed hundreds of real estate agents. From wide-eyed newbies who just got their license to brokers with yearly gross commission income (GCI) in the billions —I’ve talked to pretty much every kind of agent that exists. After so many interviews, I’ve found that the one thing successful agents understand is that getting clients in real estate is a never-ending process.

Branding 111

Branding Brokerage Agents Principal 111

Realty Biz

SEPTEMBER 8, 2022

Pinterest – it’s a well-social network where users can “pin” content they come across while using the internet and create a curated space of links to that content. Whether it’s video, images, or whole pages, Pinterest is used by millions of hobbyists around the world for cooking, crafts, fashion, and more. But did you know that you can use Pinterest to help promote your own professional brand in the real estate market?

Agents 93

Agents Branding Design Marketing 93

Eye on Housing

SEPTEMBER 9, 2022

Residential construction loan volume reached a post-Great Recession high during the second quarter of 2022, as home building activity and new home sales slowed. Outstanding builder loan balances are rising as development debt is being held longer as new homes remain in inventory longer. Loan balances will decline in coming quarters as the development loan market becomes more costly and.

Loans 116

Loans Sales Residential Construction 116

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Keeping Current Matters

SEPTEMBER 9, 2022

Some Highlights. If you’re thinking of buying or selling a home, you’ll want a trusted real estate professional on your side for their industry experience and expert insights. The right advisor utilizes the latest technology and can help you navigate today’s home pricing and market values, the contracts and fine print, and the negotiations you’ll face.

Technology 270

Technology Industrial Marketing 270

Advertisement

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

Real Trends

SEPTEMBER 6, 2022

Since the onset of the COVID-19 pandemic, homebuilders have shifted from high-density, high-cost areas to lower density and lower cost areas, according to the National Association of Home Builders second quarter 2022 Home Building Geography Index (HBGI) report released Tuesday. The index shows that the market share for single-family home building in large metro core areas and inner suburbs has fallen from 44.5% in the fourth quarter of 2019 to 41.6% in the second quarter of 2022.

Construction 145

Construction Marketing Agents 145

Maximum Exposure Real Estate

SEPTEMBER 6, 2022

If you like the idea of minimalist living or want to downsize, tiny homes can seem very appealing. The tiny house cost is another advantage if you want to save money. But how much are tiny houses, and is this type of property within your budget? Pricing for tiny homes will undoubtedly be much less […]. The post How Much Does a Tiny House Cost?

Marketing 137

Marketing 137

Housing Wire

SEPTEMBER 3, 2022

Today’s job report came in better than anticipated, with 315,000 jobs created. We did have negative revisions of 107,000 to the prior two reports combined, and the unemployment rate rose to 3.7%. So what does this mean for the labor market and the larger economy? . The job market is still pushing along fine as the need for labor continues in America.

Staging 493

Staging Construction As-is Equity 493

Keeping Current Matters

SEPTEMBER 6, 2022

Owning a home is a major financial milestone and an achievement to take pride in.

259

259

Advertisement

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

Coldwell Banker

SEPTEMBER 8, 2022

Deck out your home for fall with these five easy, creative ways to infuse fall colors and textures into your décor. The post 5 Simple Ideas for Fall Home Makeovers appeared first on Coldwell Banker Blue Matter.

136

136

Eye on Housing

SEPTEMBER 6, 2022

The most recent Home Building Geography Index (HBGI) shows that home building activities have shifted to low-density and low-cost markets since the beginning of the COVID-19 pandemic. The market share for single-family constructions in large metro core and inner suburbs has declined from 44.5% to 41.6% from the 4th quarter of 2019 (pre-COVID), to the 2nd quarter of 2022.

Marketing 124

Marketing Construction 124

Housing Wire

SEPTEMBER 8, 2022

Home prices have started to drop, but the decline has not been significant enough to slow a growing pessimism about the housing market. Fannie Mae’ s Home Purchase Sentiment Index (HPSI), which tracks the housing market and consumer confidence to sell or buy a home, dropped by 0.8 points in August to 62, marking its sixth consecutive decline. The government-sponsored enterprise attributed high home prices and mortgage rates to the decline, particularly weighing on home-selling sentiment.

Marketing 482

Marketing Mortgages Title Sales 482

Realty Biz

SEPTEMBER 8, 2022

A massive 99% of millennials and 90% of baby boomers start their search for property online. Nearly half of the real estate businesses say that results from social media give the highest quality leads compared to other sources. With statistics like that, it would be silly to ignore real estate PR. There are many perks to getting your business onto social media.

Development 123

Development As-is Agents Sales 123

Advertisement

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

Coldwell Banker

SEPTEMBER 8, 2022

Tips on how to make sure kids are safe and sound when trick-or-treating at your home this Halloween. The post Halloween Home Safety Tips appeared first on Coldwell Banker Blue Matter.

127

127

Eye on Housing

SEPTEMBER 9, 2022

Of the roughly 1,127,000 single-family and 474,000 multifamily homes started in 2020, 37,000 (15,000 single-family and 22,000 multifamily) were built in age-restricted communities, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). A residential community can be legally age-restricted, provided it conforms the one of the.

Construction 119

Construction Residential 119

Housing Wire

SEPTEMBER 7, 2022

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. The increased loan limits for mortgage brokers apply to new registrations and locks effective Sept. 6, the lender said Tuesday.

Loans 487

Loans Mortgages Lending Equity 487

GeekEstate

SEPTEMBER 9, 2022

iOi is September 28th and 29th in downtown Los Angeles ( grab your discounted ticket here ). The evening before, in a special collaboration with the one and only Greg Robertson , the seventh GEM Soirée is taking place in Orange Country. Join us for cocktails and conversation to kick off the week of iOi! Mingle and enjoy time with real estate tech founders, execs, VCs, and practitioners.

Closing 119

Closing Technology 119

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

Coldwell Banker

SEPTEMBER 8, 2022

Listing your home for sale during the holiday season. The post Ring in the New Year in a New Home appeared first on Coldwell Banker Blue Matter.

Sales 126

Sales 126

Eye on Housing

SEPTEMBER 8, 2022

The total market share of non-site built single-family homes (modular and panelized) was at 2% of single-family completions in 2021, according to Census Bureau Survey of Construction data and NAHB analysis. This share has been steadily declining since early-2000s despite the high-level of interest for non-site built construction. In 2021, there were 24,000 total single-family units built using modular (10,000).

Construction 119

Construction Marketing 119

Housing Wire

SEPTEMBER 7, 2022

Top mortgage lender NewRez has added to its line of “Smart Series” non-QM products, launching a 40-year fixed-rate interest-only mortgage loan. With the 40-year IO mortgage, borrowers make interest-only payments for the first 10 years, which NewRez says increases their purchasing power and allows for more affordable monthly payments. (It also slows the amount of equity borrowers have in the property.).

Mortgages 468

Mortgages Loans Equity Finance 468

HomeLight

SEPTEMBER 8, 2022

Disclaimer: Links and mentions of retirement communities in this post do not constitute an endorsement. Price ranges, services, and amenities can change — please visit a community’s website for the most up-to-date information. HomeLight always recommends doing your own research to determine which community destination is best for your situation. Deciding where to retire can be one of the most significant financial decisions you make.

Development 111

Development Agents Construction As-is 111

Advertisement

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

Marco Santarelli

SEPTEMBER 5, 2022

Tennessee is currently a seller's market, with homes selling quickly and for more than they are worth. According to Zillow, the typical home value (or ZHVI) in Tennessee is $303,453. Tennessee home values have gone up 26.1% over the past year. Although this is the statewide trend, each city and town is unique, which is why it's best to consult with a local real estate agent to better understand trends in your area.

Marketing 111

Marketing As-is Sales Agents 111

Keeping Current Matters

SEPTEMBER 5, 2022

207

207

Housing Wire

SEPTEMBER 9, 2022

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. For others, it’s just a new chapter in your journey. But one thing is certain for all of us: without technical expertise, fintech is just a buzzword, and markets like this are when we earn our place serving America’s consumers.

Mortgages 459

Mortgages Industrial Technology Equity 459

HomeLight

SEPTEMBER 9, 2022

If you’re regretting putting up your house for sale, you may be wondering if you can pull your listing. Maybe you don’t see eye-to-eye with the agent, you’ve had a family emergency, or you’re more emotionally attached to the property than you thought. Just because you’ve listed it doesn’t mean you have to sell your home right now (or ever). In this article, we explore the reasons for taking your house off the market, how to do it, and any repercussions you might face.

Marketing 111

Marketing MLS Days on market Agents 111

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