Housing Wire

JULY 13, 2022

Looking at the housing market in the years 2020-2024, one risk i identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for the housing market in the years 2020-2024 as a critical marker of balanced growth versus overheating, especially as inventory had been falling for years right into our critical demographic patch.

Sales 540

Sales Mortgages Construction Marketing 540

Eye on Housing

JULY 13, 2022

Consumer prices reached a new 40-year high in June as shelter, energy and food prices continued to surge at the fastest pace in decades. This marked the fourth straight month for inflation above an 8% rate and was the largest year-over-year gain since November 1981. Both energy and shelter index recorded their largest annual gains since April 1980 and February.

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Realty Biz

JULY 12, 2022

Before listing a home on the market, staging the property is one of the first steps a seller should take. Effectively staging a home showcases its best features and helps potential buyers imagine themselves making the place their new home. But there’s more to staging your home than putting some of your personal belongings in storage and styling furniture.

Staging 102

Staging Renovation Agents As-is 102

Keeping Current Matters

JULY 13, 2022

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait?

Marketing 294

Marketing 294

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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.

Development

Housing Wire

JULY 15, 2022

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. And those fundamental challenges are not going away anytime soon. The third-biggest U.S. mortgage lender by volume on Friday reported a decline in originations, a decrease in gain-on-sale margins and lower revenues from the re-securitiz

Mortgages 459

Mortgages Lending Banks Brokerage 459

Maximum Exposure Real Estate

JULY 11, 2022

Many things can be mysterious when you have never purchased a home. Unfortunately, there is quite a bit of misinformation out there. One such topic is a house down payment. When buying a house, it is essential to have enough money to make a down payment. The down payment will help you purchase and pay […]. The post What is The Average Down Payment on a House appeared first on Maximum Real Estate Exposure.

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Keeping Current Matters

JULY 15, 2022

Some Highlights. It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.

Equity 278

Equity 278

Housing Wire

JULY 15, 2022

Four new mortgage-servicing rights (MSR) offerings for agency loan portfolios valued at some $3.7 billion hit the market as the third quarter of the year kicked off. Alexandria, Virginia-based advisory and brokerage firm Prestwick Mortgage Group , along with its strategic partner, San Diego-based Mortgage Capital Trading (MCT), recently released bid documents for two separate MSR offerings involving loan portfolios valued at $1.85 billion in total.

Marketing 448

Marketing Loans Mortgages Brokerage 448

McKissock

JULY 10, 2022

How do you determine the investment value of a property? Well, it’s an art. It’s not like valuing a house in which you are going to live. That would be the homeowner value. When estimating a property’s investment value, there are a variety of real estate valuation methods you can use. In this article, we’ll walk through several techniques and discuss the advantages and disadvantages of each.

Finance 130

Finance Investor Principal As-is 130

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

Maximum Exposure Real Estate

JULY 14, 2022

What to Know About Selling Hoarder Houses Do you need to sell a hoarder’s house? The term “hoarding house” or “hoarders house” is foreign to many people. Some people learn about hoarding homes from television and others discover them because they find out a relative or friend has this affliction. Hoarding disorder is a mental […].

As-is 130

As-is Marketing 130

Keeping Current Matters

JULY 14, 2022

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008.

Marketing 264

Marketing 264

Housing Wire

JULY 15, 2022

One statistic in the Mortgage Bankers Association ’s latest quarterly Mortgage Bankers Performance Report sticks out for all of the wrong reasons. In the first quarter of 2022, the average cost to originate a mortgage for an independent mortgage bank was more than $10,000 per loan, rising for the seventh consecutive quarter and breaking previous report records. .

Technology 435

Technology Mortgages Loans Industrial 435

Eye on Housing

JULY 15, 2022

Over the first five months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 473,997. On a year-over-year (YoY) basis, this is a 2.0% decline over the May 2021 level of 483,878. Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the.

Construction 128

Construction Marketing 128

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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.

Agents

Realty Biz

JULY 14, 2022

Simply put, digital marketing for real estate is the process of promoting your real estate business online. The marketing activities involved can vary widely depending on your business type and target audience. There are hundreds of different online marketing channels available that real estate professionals can utilize in the digital age. This can make it seem like a challenging task to create a digital marketing strategy that will work for your real estate business.

Marketing 128

Marketing Branding Design Agents 128

Keeping Current Matters

JULY 12, 2022

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home?

Marketing 257

Marketing 257

Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm.

Brokerage 435

Brokerage Mortgages Banks Lending 435

Maximum Exposure Real Estate

JULY 13, 2022

If you are the owner of a condemned property, you may wonder what will happen to your house. Condemned houses often bring a certain amount of curiosity. You may have even driven by condemned houses with signs saying as much. There are likely no trespassing signs to keep people away from what could be a […]. The post What is a Condemned House and What Happens to The Owner appeared first on Maximum Real Estate Exposure.

As-is 125

As-is Marketing 125

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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.

Sales

Lighter Side of Real Estate

JULY 13, 2022

Many headlines would have you believe that bidding wars and houses selling for over the asking price are a thing of the distant past. But it was only a few weeks ago that buyers wouldn’t have dreamed of finding a house where that wasn’t the situation. There have certainly been signs of the market softening a bit in favor of buyers, but bidding wars are still a thing, as well as houses fetching offers over asking price—even if it isn’t happening on every listing.

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Inspection Banks Sales Loans 125

Keeping Current Matters

JULY 11, 2022

Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent.

Mortgages 252

Mortgages Marketing 252

Housing Wire

JULY 13, 2022

High lumber prices are often blamed for high home prices. I recently saw a $60k home price reduction offered by a builder because “lumber prices have fallen…we are passing that savings to you.” That just doesn’t add up. In a blog post from January 4 , the National Association of Home Builders said that the 167% rise from last summer’s low lumber prices to over $1,000 per thousand board feet (mbf) added only about $18,600 to the cost of a home.

Title 435

Title Mortgages Construction Finance 435

Eye on Housing

JULY 14, 2022

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2022 posted a reading of 77, declining 10 points from the second quarter of 2021. This is the largest year-over-year decrease since the survey was redesigned in Q1 2020. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling market.

Marketing 124

Marketing Residential 124

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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.

Brokerage

GeekEstate

JULY 12, 2022

[Editor’s Note: Geek Estate Offers are special offers for members of the GEM ]. Once again, CREtech is bringing together leaders in the commercial, residential, PropTech, and climate tech industries for two days of speaking engagements, networking opportunities, and industry insights in the incredible New York City. Register if you want to… Get off of zoom and back to in-person networking opportunities with other innovative-driven industry professionals.

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Staging Commercial Residential Technology 124

Brownstoner

JULY 11, 2022

“Why didn’t you come to us first?” and “How much would it take for you to walk away from this building?” The two questions, one for the owner of the Jacob Dangler mansion at 441 Willoughby Avenue in Bed Stuy and one for a developer planning to demolish it, were posed… Read More > The post How Much Would It Take to Walk Away? Locals Ask Developer, Owner of Bed Stuy’s Dangler Mansion appeared first on Brownstoner.

Development 122

Development 122

Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. Sitting in traffic, Tomaszewski wished he could pay an Uber driver to take the photos instead. “When we started, the idea was to obtain exterior photos as fast as possible, at a time when Uber, Lyft and marketing technology was advancing, and anyone with a smartphone could get exterior photos,” said Toma

Inspection 435

Inspection Technology Loans Mortgages 435

Eye on Housing

JULY 14, 2022

Since the relatively low point at the onset of the pandemic on April 17, 2020, lumber prices have been volatile, with record setting spikes interspersed with periods of substantial declines. On balance over the entire period, however, softwood lumber prices have increased enough to add $14,345 to the price of an average new single-family home, and $5,511 to the market.

Marketing 124

Marketing 124

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