Keeping Current Matters

NOVEMBER 21, 2022

This past year, rising mortgage rates have slowed the red-hot housing market.

Mortgages 253

Mortgages Marketing 253

Real Trends

NOVEMBER 21, 2022

Johnson Tsai’s business is usually 50-50: evenly split between representing buyers in and doing rental deals in New York City. Soaring mortgage rates has changed that dynamic. . “Given the current market, my business is at least about 60% renters and the other 30% to 40% is buyers and sellers,” said Tsai, an agent at brokerage REAL New York. Tsai expects this trend to continue into 2023 and likely widen when New York City’s rental market picks back up in the early spring.

Agents 107

Agents Mortgages Commercial Property Management 107

Realty Biz

NOVEMBER 21, 2022

With the rise of digital marketing and social media, Pay Per Click (PPC) campaigns have become an important part of any online strategy for real estate businesses. PPC is a form of online advertising where a business pays a specific amount every time someone clicks on their ad. In this blog post, we'll be discussing how PPC campaigns can benefit real estate agents in their efforts to attract new clients and sell more houses.

Agents 90

Agents Branding As-is Sales 90

Housing Wire

NOVEMBER 21, 2022

In late October, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department , announced its decision to again expand its Geographic Targeting Orders (GTOs). The new requirements go into effect on November 25, 2022, and the terms of the GTOs are effective through April 2023. In addition to Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco, Washington, D.C., Northern Virginia and Ma

Title 418

Title Land Banks Commercial 418

Advertisement

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.

Development

Eye on Housing

NOVEMBER 21, 2022

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. During the housing boom after covid, this led to a rise for new single-family home size. However, as the housing market weakens on lower affordability conditions this trend appears to be reversing. According to third quarter 2022.

Residential 124

Residential Marketing 124

Realtor.com

NOVEMBER 21, 2022

Design by Realtor.com / Getty Images (2) The drumroll of bad tidings in the housing market was interrupted last week by a glimmer of good news. Finally. Soaring mortgage interest rates, which have caused deep financial pain for many homebuyers and led to a freeze in the housing market, dropped by about half of a percentage point last week. They fell from above 7% to 6.6% for 30-year fixed-rate loans in the week ending Nov. 17, according to Freddie Mac.

Mortgages 103

Mortgages Investor Loans MLS 103

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . The U.S. Department of Housing and Urban Development , through the FHA, announced on Monday that the change will go into effect on December 21, 2022.

FHA loan 370

FHA loan Mortgages Loans Lending 370

Realty Biz

NOVEMBER 21, 2022

Whether it is rent or mortgage payments, housing is the single biggest chunk of spending for the average consumer. That means housing has an outsize impact on overall inflation from month to month. So, after many months of near-historic levels of inflation and now early indications that inflation is slowing, what might we expect from the relationship between the two over the next several months to a year?

Mortgages 102

Mortgages Sales Marketing As-is 102

Redfin

NOVEMBER 21, 2022

If you’re in the market for a new stove, choosing a replacement can be challenging. Along with size, brand, and aesthetic, an important decision is deciding which fuel source you want it to use. Both have their advantages and disadvantages, especially when it comes to sustainability and price. For example, gas stoves are more polluting than electric, but natural gas is generally cheaper than electricity in many areas of the country.

Branding 63

Branding As-is Development Commercial 63

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

Keeping Current Matters

NOVEMBER 23, 2022

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

Sales 288

Sales Mortgages Marketing 288

Housing Wire

NOVEMBER 23, 2022

It’s a terrible time for homebuyers. Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. By taking advantage of the 2-1 temporary rate buydown, Davis was able to lower her 7.25% mortgage rate by 2% in the first year and by 1.5% in the second year.

Marketing 493

Marketing Loan Officer Loans Seller concession 493

Better Dwelling

NOVEMBER 25, 2022

The outlook for Canadian real estate, and the economy in general, is looking a little less bright. Oxford Economics warned clients this week, that we’re already seeing the early stages of a recession. Higher rates to cool inflation are pushing home prices much lower and prolonging the downturn. High inflation also means a stimulus windfall […].

Staging 142

Staging Banks 142

Eye on Housing

NOVEMBER 23, 2022

New home sales rebounded in October despite higher mortgage rates, likely due to low existing home inventory and builders using incentives to attract buyers to the new home market. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in October at a 632,000 seasonally adjusted annual pace, which is.

Sales 138

Sales Development Mortgages Marketing 138

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

Keeping Current Matters

NOVEMBER 25, 2022

Some Highlights. While there are many financial perks to owning a home, there are also powerful non-financial benefits to consider if you’re thinking about making a move. Homeownership allows you to express yourself, gives you greater privacy and comfort, enhances your connection to your community and loved ones, and is an achievement to feel proud of.

255

255

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . However, there are still forces pushing many borrowers — mainly lower-income buyers — to stay on the sidelines, industry experts say. . The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage slowed its downward trajectory this week, declining three basis point

Mortgages 488

Mortgages Fixed-rate mortgage MLS Loans 488

Better Dwelling

NOVEMBER 22, 2022

Canada’s got ninety-nine problems and mortgage debt is…. Over two trillion of them. Bank of Canada (BoC) senior deputy governor Carolyn Rogers addressed concerns about financial stability earlier today. She boiled it down to two major concerns that have been present for a long time, but are building up — household debt and housing. She […]. The post Canada Needs Lower Home Prices & Economic Stability Requires “Pain”: Bank of Canada appeared first on Better Dwelling.

Banks 138

Banks Mortgages 138

Eye on Housing

NOVEMBER 21, 2022

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the third quarter of 2022 despite broader market weakness. There were 59,000 total custom building starts during the third quarter of the year. This marks a 5% increase compared to the third quarter of 2021 in terms of year-over-year change.

Design 131

Design Marketing 131

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

Keeping Current Matters

NOVEMBER 22, 2022

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you.

Marketing 253

Marketing 253

Housing Wire

NOVEMBER 23, 2022

Today new home sales beat estimates , and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs.

Sales 488

Sales Construction New Construction Mortgages 488

Better Dwelling

NOVEMBER 23, 2022

The Canadian real estate bubble is bursting rapidly as rates rise, and peak buyers are in for a rough time. Canadian Real Estate Association (CREA) data shows the national market peaked in March 2022. We ran the numbers to see how much equity buyers from that month would have at this point. Most peak buyers […]. The post Most of Canada’s Peak Home Buyers With A Minimum Downpayment Are Underwater appeared first on Better Dwelling.

Equity 134

Equity As-is Marketing Banks 134

Sotheby's International Real Estate

NOVEMBER 19, 2022

Whether it’s the setting for a festive formal fête or a casual weeknight meal, the dining room is a key space in every modern home. From Fifth Avenue to the hills above the Napa Valley, these spaces encourage everyone to gather at the table in style. Hillside Haven in Napa. Hillary Ryan | Sotheby’s International Realty – St. Helena Brokerage.

Brokerage 121

Brokerage 121

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

Keeping Current Matters

NOVEMBER 24, 2022

220

220

Housing Wire

NOVEMBER 23, 2022

With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of mortgage loan application volume, rose 2.2% for the week ending November 18 after registering a 2.7% increase in the previous week.

As-is 418

As-is Mortgages Fixed-rate mortgage Loans 418

Better Dwelling

NOVEMBER 24, 2022

Many Canadian mortgage borrowers are regretting walking into a low rate trap. Bank of Canada (BoC) data reveals a surge of borrowers over the past few years opting for variable rates. At the time, mortgage borrowers might have saved a few points over their fixed-rate peers. Now interest costs are making one of the most […]. The post Canadian Mortgage Borrowers Took The Bait, Now Their Costs Are Ripping Higher appeared first on Better Dwelling.

Mortgages 124

Mortgages Banks 124

Eye on Housing

NOVEMBER 22, 2022

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2022. At 141,000 units started, this was the largest quarter for rental multifamily construction since the second quarter of 1986. The market share of rental units of multifamily construction starts increased to 97% as the already small condo.

Construction 116

Construction Marketing 116

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