Housing Wire
APRIL 19, 2021
A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash. They may be wishing for it, or they may be fearing that it will happen — but they are thinking about it. I understand the concern. A home is your shelter.
Keeping Current Matters
APRIL 23, 2021
Some Highlights. In a recent article , Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”. Today’s housing market is healthy, and rising prices are driven by real buyer demand.
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Better Dwelling
APRIL 23, 2021
Canadian homebuilding lagged in the past, but it now far exceeds population growth. CMHC data shows home completions started to outpace population growth last year. By the fourth quarter, there are now 18 homes completed for every person the population grows. Curiously, home prices have been soaring in growth. Canadian Homebuilders Are Still Hammering Out […].
Eye on Housing
APRIL 22, 2021
The two most wanted features in a home are a laundry room and exterior lighting, according to NAHB’s latest study on consumer preferences – What Home Buyers Really Want (2021 Edition). The study is based on a national survey of more than 3,200 recent and prospective home buyers (people who bought homes in the previous three years or plan to.
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 22, 2021
According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%. For the housing market, the COVID crisis started in earnest the week of March 23, as that is the last week we saw positive year-over-year data in 2020 before COVID-19 really took us for a ride.
Keeping Current Matters
APRIL 21, 2021
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why. After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently ( See graph below ).
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
APRIL 19, 2021
Differences Between Renting an Apartment and a Condo Renting condos and apartments can be easily confused. There are many important differences you need to understand when you are choosing between these property types. Some home types are obviously different, like a townhouse and an apartment. But when it comes to apartment vs. condo, the differences […].
Housing Wire
APRIL 23, 2021
Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, this report was the best new home sales report in over a decade.
Keeping Current Matters
APRIL 20, 2021
The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey , a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows: 2021: 6%. 202
Better Dwelling
APRIL 17, 2021
Canadian real estate buyers may get a little psychological shock later this week. The Bank of Canada (BoC) will update the public on monetary policy next Wednesday. Three Big Six banks said they expect the central bank to discuss higher rates. Two of those, expect a discussion on rate hikes happening earlier than stated. All […]. The post Bank of Canada Expected To Hike Rates Sooner Than Planned, May Cool Housing appeared first on Better Dwelling.
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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.
Maximum Exposure Real Estate
APRIL 17, 2021
11 Financing Programs for First-Time Home Buyers Are you looking to find a first-time home buyers program? A first-time home buyer loan is something that many folks ask both real estate agents and mortgage brokers about. It’s an excellent question to ask as there are numerous first-time home buyers programs to consider. The improvement in […].
Housing Wire
APRIL 21, 2021
Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s 725,000 more than in 2019. The report, citing U.S. Census data and its own research, now pegs the Hispanic homeownership rate at between 48-49%, which is an uptick of a full percentage point from one year before.
Keeping Current Matters
APRIL 19, 2021
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from the U.S. Department of Housing and Urban Development (HUD) and Apartment List , we can estimate how long it might take someone earning the median income and paying the median rent to save up for a
Better Dwelling
APRIL 20, 2021
The Government of Canada (GoC) is facing mounting pressure to do more about home prices. BC-based housing activist Raymond Wong launched an e-petition last week. The petition calls for the Bank of Canada (BoC) to consider home prices when setting rate policy. In less than a week, the petition has enough signatures to be certified […]. The post Petition For Bank of Canada To Consider Home Prices and Stop QE Enters Parliament appeared first on Better Dwelling.
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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.
Maximum Exposure Real Estate
APRIL 17, 2021
What Are The Mortgage Options For Home Renovation Loans Are you looking for a home improvement loan? Do you know all the options for home renovation loans? Over the years in my work for a mortgage company, I’ve been asked about the various options for home renovation mortgages numerous times. Before tackling a significant financial […]. The post Home Improvement Loans: Best Home Renovation Loan Options appeared first on Massachusetts Real Estate Exposure.
Housing Wire
APRIL 22, 2021
For the first time in nearly two months, mortgage rates dropped below 3% last week, down seven basis points to 2.97%, according to Freddie Mac’s Primary Mortgage Market Survey. “The drop in mortgage rates is good news for homeowners who are still looking to take advantage of the very low-rate environment,” said Sam Khater, Freddie Mac’s chief economist.
Keeping Current Matters
APRIL 22, 2021
Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data.
Eye on Housing
APRIL 21, 2021
As most industry observers know, softwood lumber prices have been extremely high and volatile over the past year. During an unprecedented four-month surge in 2020 prices nearly doubled, reaching an all-time high in September. Since then prices have continued to fluctuate, increasing recently to the point that they are now considerably higher than they were even at last September’s historic.
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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.
Better Dwelling
APRIL 20, 2021
U.S. home prices are rising very quickly, and so is fraud to obtain mortgages to buy homes. The CoreLogic National Mortgage Application Fraud Risk Index made a big jump Q1 2021. The rapid increase of the index means more red flags are being found in the application process. Hot markets with a sudden surge in […]. The post U.S. Real Estate Markets See Mortgage Fraud Soar, and Fast Rising Prices Are A Red Flag appeared first on Better Dwelling.
Housing Wire
APRIL 21, 2021
As part of the landmark CARES Act passed in 2020, Congress stipulated that mortgages in forbearance as a result of COVID-19 must be reported as “current” on credit reports. The legislation saved millions of homeowners from having their credit scores ruined during the most devastating year in recent U.S. history. But future risk still remains, and much remains undecided about the future of credit scores.
Realtor.com
APRIL 23, 2021
Houzz We’re in the midst of spring, everything has come alive outside, and chances are good that you want your interiors to match that vibrancy. If you’ve been thinking about shaking up your color scheme, you’re not alone—we’ve been perusing paint samples ourselves. Really! But here’s the thing about paint: While it can transform a room on the cheap, it’s also messy.
Sotheby's International Real Estate
APRIL 23, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Marietta, Georgia | Chad Carrodus, Atlanta Fine Homes Sotheby’s International Realty . While Netflix’s “Cobra Kai” is set in Los Angeles, the lead character’s house is actually in Marietta, Georgia. And now it’s on the market for $2.65 million.
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.
Eye on Housing
APRIL 23, 2021
New single-family home sales surged in March as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in March at a 1.
Housing Wire
APRIL 20, 2021
Federal Housing Finance Agency Director Mark Calabria said the controversial amendments made to Fannie Mae and Freddie Mac ‘s Preferred Stock Purchase Agreements in late January should be just the start. “I said in January when the PSPA were signed — there needs to be another set of amendments. January really is a bridge,” he told Wells Fargo ‘s Kristy Fercho , chair-elect of the Mortgage Bankers Association , at the trade group’s spring conference. “We knew w
Realtor.com
APRIL 19, 2021
Getty Images It’s sad, but true, that the entryway is one of the most neglected spaces of the home. It’s a low priority as a home renovation project, and most homeowners don’t give it the TLC it deserves. But entryway design is all about making a good first impression, and if you think about it, the look and feel of this area matters—a lot.
Sotheby's International Real Estate
APRIL 17, 2021
Blending sustainability with stylish design, these four distinctive homes prove that reducing a home’s carbon footprint doesn’t mean sacrificing luxury. Spanish-Inspired Aerie. Santa Barbara, California | Neyshia Go , Sotheby’s International Realty – Beverly Hills Brokerage . High in the hills of Santa Barbara, this majestic 4,261-square-foot residence combines Spanish inspiration with Built Green certification and forward-thinking solar power.
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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.
Eye on Housing
APRIL 21, 2021
Over the last month, the Mortgage Bankers Association’s (MBA) tracked 30-year fixed-rate mortgage rate continued to show elevated levels. For the week ending April 16, the average rate was 3.2%. For the same period, the MBA’s Market Composite Index (seasonally adjusted) underwent a series of declines, significantly tapering from its levels in March.
Housing Wire
APRIL 23, 2021
Low mortgage rates and incredible buyer demand won out over pressure from soaring lumber prices in March as single-family new home sales rose 20.7% from February to a 1.02 million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. Census Bureau. This is the fastest sales pace since September 2006.
Realtor.com
APRIL 22, 2021
Getty Images The spring housing market is heating up faster than the temperature. Already-high home prices continued to climb to yet new heights as mortgage interest rates dipped below 3%. Median home sale prices soared 17.2% year over year in March, to hit a record high of $329,100, according to the National Association of Realtors®. This was for existing homes and did not include new construction.
GeekEstate
APRIL 20, 2021
This week, we interviewed Will Armstrong from Ivan AI. Without further ado… Who are you and what do you do? I’m Will Armstrong and I am the founder & CEO of Ivan AI, a property management software built on artificial intelligence and machine learning. As a former project manager, I oversee the design and development of the software to ensure peak performance and operational readiness before entering the market.
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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