Housing Wire
APRIL 7, 2021
In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by circumstance. And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021.
Keeping Current Matters
APRIL 6, 2021
In a sellers’ market , some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner , or FSBO ) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO.
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Eye on Housing
APRIL 7, 2021
A multigenerational home is desirable to some buyers, but not to all. According to What Home Buyers Want, 2021 Edition*, buyers are evenly divided when it comes to the desire for a home designed to house the buyer as well as a younger generation and an older generation: 39% would prefer such a home, but 39% would be against it.
Better Dwelling
APRIL 6, 2021
One of Canada’s largest banks made an unusual move — they called out the role the Bank of Canada (BoC) played in the property bubble. Well, they subbed them. BMO senior economist Robert Kavcic sent clients a housing analysis this morning. He attributes the transition from a hot market to one that’s going to burn […]. The post A Large Canadian Bank Just Blamed The Bank of Canada For The Property Bubble appeared first on Better Dwelling.
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
APRIL 5, 2021
The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure process can start.
Keeping Current Matters
APRIL 8, 2021
A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents: 88% – a better chance of saving for retirement. 87% – the best investment plan. 85% – the chance to be better off financially. 85% – the chance to build up wealth.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
APRIL 9, 2021
Getty Images As you scroll through the real estate listings, you might spot a few that say the house is “under contract.” But what does “under contract” mean? In most cases, a property is listed as “under contract” once a buyer has made an offer and the seller has accepted. While that’s a big step, it doesn’t mean the deal is done quite yet.
Housing Wire
APRIL 6, 2021
The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000. Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies.
Keeping Current Matters
APRIL 5, 2021
If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average refund of $2,925 when filing their taxes this year.
Realty Biz
APRIL 8, 2021
Understanding Comps in Real Estate Sales. Do you know what are real estate comparables? How about “comps”? These are slang terms some folks use to talk about similar properties. Setting a price of a home can be confusing to figure out. Many people, including real estate agents and appraisers, use the Multiple Listing Services or MLS to determine the right price for both the seller and future buyers.
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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.
Realtor.com
APRIL 6, 2021
Getty Images By now, the birds are chirping, flowers are blooming, and cloudless sunny skies are ahead. Warmer weather means more people will be spending time outdoors—and there’s no better time to rethink your backyard design and try something new. “While confined to our homes in 2020, many of us had to recreate a sense of normalcy using any extra space we had.
Housing Wire
APRIL 8, 2021
Mortgage credit showed signs of loosening up in March, and with it, more availability for lower credit scores and high LTV products to enter the housing market, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index rose.6% to 125.4 last month, a positive indicator after pandemic-driven factors plunged the index from record highs previously seen in late 2019.
Keeping Current Matters
APRIL 9, 2021
Some Highlights. If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.
RIS Media
APRIL 6, 2021
Whether you’re just starting out in the business or you’re a veteran agent, marketing mistakes are inevitable. Strategies are constantly changing, especially with the rise of social media. From updating their current plans to mastering online marketing, real estate professionals should leverage new, modern tactics to grow their business.
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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.
Realtor.com
APRIL 9, 2021
David Duncan Livingston/Houzz This time of year is always bursting with color outside. And with all those blooming buds and fresh green shoots, it’s understandable that you would want to bring that vibrancy inside , too. Where to start? Well, as always, we do the heavy lifting for you— scrolling through Instagram for the latest inspiration , this time with an eye on the dining room (where hopefully you can host dinners again soon).
Housing Wire
APRIL 7, 2021
Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days.
Keeping Current Matters
APRIL 7, 2021
Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives are deeply impacted by our nation’s economy. The better the economy is doing overall, the better most individuals in the country will do as well.
Eye on Housing
APRIL 9, 2021
Prices paid for goods used in residential construction ex-energy rose 2.4% in March (not seasonally adjusted) and have increased 9.8% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.
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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.
Realtor.com
APRIL 8, 2021
Getty Images Tired of having your already cramped bedroom do double duty as a home office and at-home gym? It might be time to upsize. But while getting more space may seem enticing, upsizing can hold pitfalls for unwary home buyers. “It is important to be aware of these mistakes because upsizing can be expensive, but if you plan it well, do your research, and shop around, it doesn’t have to be,” says Lior Rachmany , founder and CEO of Dumbo Moving and Storage in New York.
Housing Wire
APRIL 5, 2021
Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.
The Mortgage Report
APRIL 5, 2021
Requirements to buy a house aren't as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers.
The American Genius for Real Estate
APRIL 8, 2021
(REAL ESTATE BIG DATA) If you're a millennial, and wondering where you should move that can get you ahead even during this pandemic, here's the top 10 cities for millennials. The post The NAR’s top 10 places for millennials to move to (a 2020 reflection) appeared first on The American Genius Real Estate.
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.
Realtor.com
APRIL 5, 2021
Getty Images What is an interest-only mortgage? It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are adjustable-rate mortgages, or ARMs , says Scott Sheldon , a senior loan officer and consumer advocate in Sonoma County, CA.
Housing Wire
APRIL 5, 2021
Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.
GeekEstate
APRIL 4, 2021
The Art Of The CMA – Greg Robertson w/Charles Warnock. “Win Hearts, Minds, and Loyalty by Mastering Real Estate’s Most Versatile Tool” What is a CMA? For those who think a CMA has to do with songs about lost loves and pick-ups – “A comparative market analysis (CMA) is an estimate of a home’s value based on recently sold, similar properties in the immediate area.” ~ Investopedia.
The Mortgage Report
APRIL 6, 2021
Many experts are saying it's a horrible time to buy a house. But that's not true for everyone. Here are 5 reasons it could be a great time to buy a home.
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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.
Coldwell Banker
APRIL 8, 2021
Extra, extra! Read the top 10 news items that ran in March about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – March 2021 appeared first on Coldwell Banker Blue Matter.
Housing Wire
APRIL 7, 2021
Chances are, you know someone who owns a home. Whether it’s a sibling, friend, or co-worker, you’ve seen someone go through the first-time home buying process – and it probably looked really complicated. At least, more complicated than simply paying rent to a landlord every month. While owning a home is rewarding, the process can be a lot of work.
Sotheby's International Real Estate
APRIL 3, 2021
Warmer nights and longer days are perfect reasons for lingering outside. These five homes—from Chelsea to California wine country—have terraces ideal for reveling in the fresh air, soaking up some sun, and gazing at sparkling stars. Enchanting Wine Country Hideaway. Santa Rosa, California | Holly Bennett, Sotheby’s International Realty – Wine Country – East Napa Street Brokerage.
Fancy Pants Homes
APRIL 6, 2021
Writing about celebrity homes for a living has its perks; we get to step inside some of the most outrageously luxurious homes out there, all equipped with the finest amenities and designer finishes that have dream home written all over them. And while all the rooms of the rich and famous may be swoon-worthy, nothing quite compares to their kitchens.
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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