Eye on Housing
FEBRUARY 22, 2022
An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market continues to occur. According to fourth quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased.
RIS Media
FEBRUARY 25, 2022
The 30-year fixed-rate mortgage (FRM) averaged 3.89% this week, according to Freddie Mac’s most recent Primary Mortgage Market Survey (PMMS) released Thursday. Key findings: 30-year fixed-rate mortgage averaged 3.89% with an average 0.8 point for the week ending February 24, 2022, down from last week when it averaged 3.9%. A year ago at this time, the 30-year FRM averaged 2.9%. 15-year fixed-rate mortgage averaged 3.14% with an average 0.7 point, down slightly from last week when it averaged 3.1
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Maximum Exposure Real Estate
FEBRUARY 20, 2022
Real Estate Terms You Need to Know Whether you are buying or selling, if you plan to make a real estate transaction, you will run into real estate terminology and definitions you are unfamiliar with. To make things a little easier, we’ve put together a list of standard real estate terms – and not-so-common words […]. The post Real Estate Terminology and Lingo You Should Know When Buying or Selling appeared first on Maximum Real Estate Exposure.
Housing Wire
FEBRUARY 24, 2022
Stocks fell Thursday as Russian troops launched a full-scale attack in Ukraine, and at least in the short-term, the turmoil could lower mortgage rates in the U.S. During large-scale disruptions, investors often flee to safer options, such as U.S. Treasury notes, bonds and mortgage-backed securities. All things being equal, that dynamic tends to put downward pressure on mortgage rates.
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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.
Keeping Current Matters
FEBRUARY 25, 2022
Some Highlights. If you’re deciding whether to rent or buy, consider the many financial benefits that come with owning a home. As a renter, you build your landlord’s wealth and face rising costs. As a homeowner, you build your own net worth and can lock in your monthly payments for the length of your loan. If you’re weighing your options, remember that owning a home is a decision that has considerable financial perks.
Eye on Housing
FEBRUARY 21, 2022
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded by 10.8% in 2021 amid strong demand for move-up purchases given a rise in existing home equity. There were 49,000 total custom building starts during the final quarter of 2021. This marks a 11.4% gain from the fourth quarter of 2020.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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Housing Wire
FEBRUARY 24, 2022
Zillow has been pilloried for diving headfirst into iBuying only to announce the money-losing enterprise’s demise in November. Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If you read our SPAC filings,” Opendoor co-founder Keith Rabois, who is no longer part of company leadership, tweeted in November , “We explained how our algorithms actually work vs.
Keeping Current Matters
FEBRUARY 23, 2022
In today’s housing market, there are far more buyers looking for homes than sellers listing their houses.
Maximum Exposure Real Estate
FEBRUARY 21, 2022
What Does Under Contract Mean? When you think you’ve found your perfect property listing, you might start imagining yourself living in the home. But before you start picturing where you’re going to position your furniture, have you checked the listing status? If the listing says “under contract” or “pending,” your hopes of owning the home […].
The Mortgage Report
FEBRUARY 23, 2022
Tapping home equity can be a great way to fund a new business. But there are risks to be aware of. Here's what you should know.
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
FEBRUARY 22, 2022
The S&P CoreLogic Case-Shiller 20-city price index posted a 18.6% year-over-year gain in December, up marginally from 18.3% the previous month. The index increased 1.5% from November 2021. The national home price index showed similar helium, with an 18.8% growth rate between December 2021 and December 2020, basically in line with price growth in November.
Keeping Current Matters
FEBRUARY 22, 2022
Many things have changed over the past couple of years, and real estate is no exception.
Realty Biz
FEBRUARY 25, 2022
What is DOM? Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. After a particular moment in time, any of these products becomes stale.
Maximum Exposure Real Estate
FEBRUARY 23, 2022
Some Listings on Zillow Are Not For Sale And Never Will Be Have you ever heard the term “pre-foreclosure listings?” If you’re a first-timer, you’re likely to find a pre-foreclosure listing. When you perform a search on Zillow for homes for sale, the results you get may include some houses that are not actually for […]. The post Zillow Pre-Foreclosure Listings Are Not For Sale appeared first on Maximum Real Estate Exposure.
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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.
Housing Wire
FEBRUARY 24, 2022
The new home sales report came in as a miss of estimates at 803,000, but positive revisions make the report much better than the headline. To be honest here, the new home sales market is stuck for now. While housing permits have been growing, completions have gone nowhere for years. The builders have pushed their pricing power on American consumers, and as long as new home sales can grow, they will use their pricing power to offset all the other costs in this economy of higher prices and shortag
Keeping Current Matters
FEBRUARY 21, 2022
In an annual Gallup poll, Americans chose real estate as the best long-term investment.
The Mortgage Report
FEBRUARY 24, 2022
Everything you should know about being a Rhode Island first-time home buyer: loan options, grants, and first-time home buyer programs.
HomeLight
FEBRUARY 25, 2022
Knowing the value of your home is incredibly important as a seller. You want to be certain you get the best price. One of the most powerful tools for determining your home’s value is called a comparative market analysis, or CMA, which is a comprehensive report that uses a plethora of data to compare your home to similar properties nearby. If you are wondering, “How do I get a comparative market analysis?
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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.
Housing Wire
FEBRUARY 22, 2022
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Explosive supply and labor costs are forcing long delays and leaving builders out of pocket, as the United States’ property fervor drives insatiable demand. . Many people are referring to this time as a ‘profitless boom’ for the building industry.
Keeping Current Matters
FEBRUARY 24, 2022
Almost every industry is currently struggling with supply chain disruptions.
The Mortgage Report
FEBRUARY 22, 2022
Can you get preapproved for a mortgage multiple times? You bet! In fact, in today's market, you may need to do so many times.
Lighter Side of Real Estate
FEBRUARY 25, 2022
Considering everything you’re thinking, feeling, and dealing with when going through a divorce, one of the last things you want to think about is selling your house. It’s a stressful thing to do even when you’re not getting divorced. But when you are, it can be even more stressful. While it shouldn’t affect how much you sell your house for, or how quickly it gets sold, it can cost you both time and money if you don’t pay attention to a few details.
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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.
Housing Wire
FEBRUARY 22, 2022
Servicers’ forbearance portfolio volume continued to drop in January, but some borrowers exiting plans are still facing financial challenges. The total number of loans in forbearance decreased by 11 basis points, from 1.41% in December to 1.30% in January, according to the Mortgage Bankers Association (MBA). In total, about 650,000 homeowners were in forbearance plans as of January 31.
Eye on Housing
FEBRUARY 24, 2022
Confidence in the market for new multifamily housing improved in the fourth quarter of 2021, according to the latest results from NAHB’s Multifamily Market Survey (MMS). The MMS produces two main indices. In the fourth quarter, the Multifamily Production Index (MPI) increased one point to 54 from the previous quarter while Multifamily Occupancy Index (MOI) decreased six points to 69.
GeekEstate
FEBRUARY 25, 2022
Our “GEMbreaker” networking series continues…a round of (virtual) 1-on-1 conversations to meet a handful of amazing innovators. We’ve done more than 15 of these rapid-fire networking sessions previously, but this is the first time we’re focusing the marketing/audience/ connections on one specific topic by making it an Affordability Innovations event.
Lighter Side of Real Estate
FEBRUARY 22, 2022
Being a landlord hasn’t been easy over the past couple of years. Not that it’s ever entirely easy, but local and federal pandemic mandates and eviction moratorium made it harder to even collect rents, let alone raise them. But according to recent survey data highlighted in this Realtor Magazine article , landlords plan to substantially raise rents this year, and all signs point to tenants being willing and able to pay higher rents.
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.
Housing Wire
FEBRUARY 25, 2022
The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. The streamlined SMART portal allows borrowers and servicers to request payoff amounts in real time for FHA partial claims or subordination checklists, which are used to refinance FHA loans.
Eye on Housing
FEBRUARY 22, 2022
National home prices grew at an unsustainable pace in December, supported by strong demand and record-low inventory. Home price appreciation is expected to slow in the coming quarters as rising mortgage rates price some homebuyers out of the market. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual.
Sotheby's International Real Estate
FEBRUARY 23, 2022
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?. Kihei, Hawaii | Ryan MacLaughlin & Alex Cortez, Island Sotheby’s International Realty . Featuring breathtaking ocean views overlooking the coastline of Wailea and Makena, with unobstructed multi-island view corridors, the thoughtfully designed luxury estate offers nearly 7,000 square-feet of interior living area and over 3,000 square-feet of covered lanai, for s
Marco Santarelli
FEBRUARY 21, 2022
If you are planning on increasing your wealth, the best investment to deal with is real estate. Investing in real estate has some incredible tax benefits. Other benefits are an increase in property value due to appreciation and good cash flow in the form of rental income. It is easy to find the lists of these tax benefits of real estate investing , like the ability to deduct nearly every expense associated with the real estate or how to qualify to exclude from your income all or part of any capi
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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