Housing Wire

APRIL 16, 2021

Housing starts jumped in March, recovering from a bleak February that included wild winter storms in the South, according to a recent report from the Census Bureau. Single-family housing starts rose 15.3% over the month to a pace of 1.24 million annualized units. That’s up 37% from a year ago, but it’s important to take into account that the COVID-19 virus first took hold of the housing market in March 2020, said Doug Duncan, chief economist at Fannie Mae. “The March pace was t

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Marketing Construction Sales As-is 545

Keeping Current Matters

APRIL 12, 2021

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance Already Caught Up on Payments.

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Equity Banks Loans Lending 289

Lighter Side of Real Estate

APRIL 14, 2021

There’s no denying that the real estate market has had its ups and downs over the past year. But how are buyers and sellers feeling about the market today? In March, the Fannie Mae Home Purchase Sentiment Index (HPSI) was 81.7, up 5.2 points from February—which means more consumers are feeling optimistic about the real estate market. According to the HPSI: 61 percent of consumers surveyed said that now was a good time to sell (up from 55 percent in February). 53 percent of consumers surveyed sai

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Marketing As-is 145

Realty Biz

APRIL 14, 2021

Considerations When Renting a Room in Someone’s House. Are you considering renting a room in someone’s house? You are not alone as sharing space in a home has become more popular. Owning a home can be expensive. That’s why many people are opting to rent a room in their home so they can help cut down housing costs. Some owners have found themselves in a financial squeeze that has forced them to do things they otherwise would not.

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Principal As-is Design Mortgages 145

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

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. The Lone Star State’s friendly tax policies combined with the city’s huge tech scene and its cool factor have made it a destination for Silicon Valley types for several years. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw.

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Marketing Option period Lending Loan Officer 535

Keeping Current Matters

APRIL 16, 2021

Some Highlights. There’s no doubt about it: homeowners love their homes, and that feeling has become even more important over the past year. The vast majority of homeowners say they’re emotionally attached to their home and that it has kept them safe during the COVID-19 pandemic. Owning a home provides a sense of safety, security, and accomplishment.

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Eye on Housing

APRIL 12, 2021

A new question introduced to the 2021 Edition of What Home Buyers Really Want* showed buyers pictures and descriptions of four exterior designs and asked for their preference. Results reveal that buyers have quite diverse preferences for the exterior style of their home, since none of the choices was preferred by anywhere near a majority of buyers. At best, a.

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Design 145

Housing Wire

APRIL 16, 2021

Another 2 million borrowers could save an average of nearly $300 a month on a refinance thanks to last week’s 10-basis-point drop in mortgage rates. Recent data from Black Knight found the number of high-quality refi candidates moved back up to 13 million last week — potentially putting $3.6 billion back in to homeowners pockets. On March 25, the data analytics company reported 7 million high-quality candidates fell through the cracks on the market’s “forever rates” after

Mortgages 505

Mortgages Loans Marketing As-is 505

Keeping Current Matters

APRIL 13, 2021

Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. George Ratiu, Senior Economist at realtor.com, shares: “The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans…In a sense, it has elevated real estate markets as a centerpiec

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Equity As-is Marketing 283

Better Dwelling

APRIL 12, 2021

A Canadian official in charge of housing policy confirmed the current market is not an accident. Instead, it’s a conscious decision where the government picked the winners and losers. TVO aired an interview with MP Adam Vaughan yesterday, discussing housing policy. In the interview, Vaughan, who helps oversee the CMHC, said price drops are not […].

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Brokerage

Maximum Exposure Real Estate

APRIL 14, 2021

How to Compare Local Self-Storage Facilities and Pricing Are you looking to find self-storage nearby? Maybe you are planning for an imminent move? Storage units near me is a heavily searched term and with good reason. When you are prepping to move to a new home, it can be helpful to know where you can […]. The post Storage Units Near Me Including Pricing and Video appeared first on Massachusetts Real Estate Exposure.

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Marketing 143

Housing Wire

APRIL 15, 2021

In modern history, the housing market has never seen a month like March. Record demand and the lowest levels of inventory on record pushed sales prices to record highs in March and made life very complicated for buyers, real estate agents, builders and lenders across the United States. The national median home-sale price hit a record high of $353,000 in March — up 17% from 2020 — according to a new report from Redfin.

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Marketing Sales Equity Mortgages 497

Keeping Current Matters

APRIL 14, 2021

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment than stocks? In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or pro

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Banks Finance As-is 259

Better Dwelling

APRIL 11, 2021

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate A Large Canadian Bank Just Blamed The Bank Of Canada For The Property Bubble One of Canada’s largest banks attributed the country’s frothy real estate market to the central bank. BMO wrote, “a surge in demand started by the pandemic, but […]. The post This Week’s Top Stories: Bank of Canada Blamed For Property Bubble, and QE Cannot Stop Prices From Falling appeared first on Better Dwelling.

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Banks Marketing Mortgages 132

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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

Realtor.com

APRIL 12, 2021

Getty Images The idyllic appeal of small-town life has taken on a whole new dimension in the coronavirus era. People seeking more room for work and schooling at home, more distance from others, and more things to do that don’t involve crowding into indoor spaces are finding that small towns check all those boxes—and plenty more. Even before the pandemic, incessantly rising home prices had been driving many folks farther afield to get more square footage for their money.

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Land Residential As-is Commercial 131

Housing Wire

APRIL 15, 2021

The average U.S. mortgage rate fell for the second consecutive week, down nine basis points to 3.04%, according to Freddie Mac’s Primary Mortgage Market Survey. Despite rates mirroring mid-march levels, Sam Khater, Freddie Mac’s chief economist, doesn’t expect them to hold. “The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce,” said Khater. “As a result of this imbalance, pricing pressures are building and cau

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Mortgages Investor As-is Marketing 482

The Mortgage Report

APRIL 15, 2021

CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here.

Mortgages 139

Mortgages 139

Better Dwelling

APRIL 16, 2021

The mystery of how Canada attracts so many big tech companies was revealed in a commercial real estate analysis. The country scored 5 spots on CBRE‘s 2020 list of Top 50 Tech Hubs. High-quality labor is one of the key reasons real estate prices haven’t been a drag. The other is Canadian tech workers make […]. The post Canada Offsets Expensive Real Estate With Low Paid, But High-Quality Tech Labor appeared first on Better Dwelling.

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Commercial 129

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Sales

Realtor.com

APRIL 12, 2021

Getty Images Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is long and enticing. But if you’ve recently refinanced but have seen interest rates drop even further—or start creeping up—you might wonder if you can (and should) refinance again before rates truly skyrocket.

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Housing Wire

APRIL 16, 2021

There’s no denying shopping for a home is time-consuming. You have to pay attention to everything – the neighborhood, floorplan, proximity to work, school district and cost. Even if you plan to live in the home for years, you want features that’ll increase your property’s value for when the time eventually comes to sell it. And while homeowners often scramble to renovate kitchens and bathrooms, remember to pay attention to your yard’s foliage. .

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Renovation 476

The Mortgage Report

APRIL 15, 2021

CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here.

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Mortgages 139

Eye on Housing

APRIL 14, 2021

Over the first two months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 164,901. On a year-over-year (YoY) basis, this is a 16.6% increase over the February 2020 level of 141,467. Year-to-date ending in February, single-family permits showed increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 24.0%, followed.

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Construction 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

RIS Media

APRIL 15, 2021

In 2020, we saw an unprecedented shift in the housing market. In fact, many are referring to it as “The Great Reshuffling,” since many moved from large cities into smaller towns when working from home became the norm. This ripple effect has continued to affect the market into 2021, and swarms of people are looking to buy. With a large number of people moving into the market, it’s going to be a challenge for buyers to find homes in this competitive market.

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As-is Marketing Construction Closing 124

Housing Wire

APRIL 13, 2021

The share of refinances in mortgage origination volume dipped below 50% for the first time in 15 months in March, according to Black Knight ‘s new monthly data report, the Originations Market Monitor. With interest rates continuing to tick up, the purchase mortgage market is where most lenders will focus operations over the next year. Since December 2019, millions of homeowners have been able to save hundreds of dollars a month in mortgage payments by refinancing to record-low mortgage rat

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Mortgages Marketing FHA loan Lending 435

Realtor.com

APRIL 13, 2021

Painting the interior of a house that’s about to hit the market is a project with a twist—the colors you choose will need to strike that magic on-the-market balance between a blank slate and an inviting home where buyers can imagine themselves living. Sound intimidating? Here’s the good news: A fresh coat of paint always helps. According to real estate pros, paint is one of the quickest, easiest ways to make a space feel move-in ready.

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Branding Closing Agents Marketing 122

The Mortgage Report

APRIL 16, 2021

Mortgage rates are holding low but May 2021 could see big upward mortgage rate swings. Advice, predictions, and your next steps.

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Mortgages 145

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Agents

Maximum Exposure Real Estate

APRIL 15, 2021

Address Change USPS – What to Know About Forwarding Mail Are you going to be changing your address? An address change with the USPS is a regular part of a home buyer or seller’s routine. The USPS change of address happens countless times over the course of the month as relocations occur across the US. […]. The post USPS Address Change: How to Forward Your Mail With The Post Office appeared first on Massachusetts Real Estate Exposure.

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As-is Marketing 121

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. The development is intriguing for a few reasons. For one, SentriLock, which is a 19-year-old company located a few miles north of Cincinnati, said the product is an attempt to compete against ShowingTime , which is the industry leader in the home-showing appointm

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Loan Officer Brokerage Technology MLS 435

RIS Media

APRIL 15, 2021

CoStar, With a Market Cap of $35B, Emerges in a Listing Portal Sector Dominated by Zillow and Move.com. In real estate’s latest power move to claim the industry’s data and convert it into an all-in-one service, CoStar has reached an agreement to acquire home-search portal Homes.com for $156M in cash. According to CoStar, the transaction should close in mid 2021, “subject to customary closing conditions and regulatory review.” The company predicts that this acquisition wil

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Purchase and sale agreement Residential Brokerage Technology 122

Eye on Housing

APRIL 15, 2021

Strong buyer demand pushed builder confidence up in April even as builders continued to grapple with rising lumber prices and supply chain issues and consumers faced higher home prices due to a lack inventory. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes rose.

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Marketing 119

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.

Agents