Sat.Feb 19, 2022 - Fri.Feb 25, 2022

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Gains for Single-Family Home Size

Eye on Housing

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.

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Mortgage Rates Decrease Slightly

RIS Media

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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Real Estate Terminology and Lingo You Should Know When Buying or Selling

Maximum Exposure Real Estate

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.

Marketing 145
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Ukraine conflict could lead to lower mortgage rates in short-term

Housing Wire

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.

Mortgages 493
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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 Difference Between Renting and Owning [INFOGRAPHIC]

Keeping Current Matters

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.

Loans 292
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Solid Gain for Custom Home Building in 2021

Eye on Housing

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.

Equity 134

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Opendoor loses more money than Zillow in 2021

Housing Wire

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.

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How Supply and Demand Can Impact Your Buying and Selling Goals

Keeping Current Matters

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses.

Marketing 279
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Inside La Dune, One of Southampton’s Finest Oceanfront Estates

Sotheby's International Real Estate

Lined with grand coastal getaways, Southampton’s Gin Lane dates to the days of America’s Gilded Age, when prominent families began building summer homes on Long Island in order to escape the city and enjoy the refreshing Atlantic waves. Widely considered the finest oceanfront estate in the area, this impressive property—whose history involves legendary architect Stanford White—recalls the refinement of a bygone era while exuding sophisticated modern seaside style.

Brokerage 134
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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

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.

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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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Home prices skyrocketed in December

Housing Wire

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.

Finance 448
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The Perks of Owning More Than One Home

Keeping Current Matters

Many things have changed over the past couple of years, and real estate is no exception.

Marketing 257
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Zillow Pre-Foreclosure Listings Are Not For Sale

Maximum Exposure Real Estate

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.

Sales 124
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How Do I Get a Comparative Market Analysis and What Does a CMA Cost?

HomeLight

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?

Marketing 119
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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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Opinion: The “profitless boom” in residential construction

Housing Wire

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.

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Real Estate Voted the Best Investment Eight Years in a Row

Keeping Current Matters

In an annual Gallup poll, Americans chose real estate as the best long-term investment.

Marketing 254
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Multifamily Construction Sentiment Ends 2021 on a Positive Note

Eye on Housing

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.

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Proptech networking roulette, Housing Affordability edition – March 2nd

GeekEstate

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.

Investor 115
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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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FHA launches new partial claim payoff portal

Housing Wire

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.

FHA loan 418
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The #1 Reason To Sell Your House Today

Keeping Current Matters

Almost every industry is currently struggling with supply chain disruptions.

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Home Price Appreciation Continues in December

Eye on Housing

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.

Mortgages 116
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Video of the Week: Tropical Masterpiece in Kihei, Hawaii

Sotheby's International Real Estate

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

Design 112
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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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Mortgage apps continue downward trend

Housing Wire

Mortgage applications decreased 13.1% for the week ending Feb. 18 to the lowest level since December 2019, as mortgage rates eclipsed the 4% mark. The Mortgage Bankers Association ‘s seasonally adjusted refi index fell 15.6% from the previous week, bringing its share of total applications to almost equal the purchases share at 50%. Meanwhile, the purchase index dropped 10.1%, falling again for the third straight week.

Mortgages 418
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The Important Tax Benefits of Real Estate Investing

Marco Santarelli

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

Investor 111
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13 Tips For Buying a Rental Property in 2022

Norada Real Estate

Looking to purchase and profit from a rental property? In this article, we're going to give you some important tips on how to buy a rental property. These are the steps every budding property investor should take to pick a good cash-generating rental property. By following these steps, you’ll be well prepared to buy your first rental property. As a form of real estate investment, buying a rental property is considered to be a very good one.

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A First-Time Buyer Competes and Wins in Houston with HomeLight Cash Offer

HomeLight

First-time homebuyer Cat Urso had a short list of requirements for her new home. She knew she wanted three bedrooms and a central location in Houston, but otherwise, Urso trusted that she’d know “the one” when she saw it. “With Cat, it was all about the energy,” says her real estate agent, Ryan Holliday. Sure enough, after about a month of searching, Urso knew she found what she’d been looking for as soon as she walked through the door.

Finance 111
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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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New home sales report boosted by positive revisions

Housing Wire

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

Sales 434
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So, your client wants to look at fixers

Easy Agent Pro

The media love to tell us that housing is unaffordable to the average Joe or Mary. Two groups of Americans know this first-hand: Real estate buyers’ agents and Millennials. A recent Clever Real Estate report takes stock of the state of the housing market for the latter and found that “Millennials are willing to make rash decisions to afford a home in a competitive market, including buying a home sight unseen (90%), purchasing a fixer-upper that needs major repairs (82%), and offering over asking

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Coldwell Banker Around the World: February 2022

Coldwell Banker

A picturesque gem, surrounded by Gallo-Roman walls and towers (dating from the late 3rd Century CE), offering historic secrets and charms that many are not aware of? Welcome to Le Mans! You, too, could experience this real-life movie set and take in the unique history among the city walls. The post Coldwell Banker Around the World: February 2022 appeared first on Coldwell Banker Blue Matter.

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What Is the 5 Year Rule for Selling a House? There Are Actually Two

HomeLight

You’ve got a house that’s been your primary residence and you’ve lived in it for less than five years. But now you need or want to move because your life circumstances have changed. When considering making this move, the two most common questions center on money. Will you make a profit on selling a house so soon after purchasing it? And will you have to pay taxes on any potential profit from selling the house?

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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.