Housing Wire

DECEMBER 20, 2021

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down! Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortga

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Eye on Housing

DECEMBER 21, 2021

NAHB analysis of the Census Bureau’s quarterly tax data shows that $707.6 billion in taxes were paid by property owners in the four quarters ending Q3 2021 (not seasonally adjusted), a 0.5% quarterly decline.[1] Four-quarter property tax revenues had climbed 14.3% since decreasing 0.2% in Q2 2020. The decline in Q3 2021 was only the second such decrease since 2012.

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HomeLight

DECEMBER 22, 2021

You put your house on the market and expected it to sell fast — but boy were you wrong. You haven’t received any offers and showing requests have been few and far between. It’s frustrating to say the least, but you shouldn’t wait any longer to make some changes, especially if your home has been on the market more than a month. Generally, says Alisha Simpkins , a top-selling Chico, California, real estate agent, a home is “going to sell for the most amount of money in the first 30 days.”.

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Keeping Current Matters

DECEMBER 21, 2021

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits , like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan.

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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.

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Housing Wire

DECEMBER 20, 2021

Fannie Mae met all of the housing goals the Federal Housing Finance Agency imposed for 2020, but Freddie Mac failed its low-income refinance goal. The government-sponsored enterprise lagged the wider market in its acquisitions of low-income refinances. Freddie Mac has 45 days to submit a plan to the FHFA for actions it will take over the next three years to get back on track, according to a letter the regulator sent to Freddie Mac.

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Sotheby's International Real Estate

DECEMBER 21, 2021

In the early 20th century, the stunning coastal cliffs that edge the further northwest reaches of Los Angeles reminded its denizens of New York’s Hudson River Palisades—so much so that they named the region after its famous East Coast cousin. Today this area—still widely revered for its impressive heights and breathtaking outlooks on the majestic Pacific—is known as a thriving exclusive enclave whose homes hug the tops of the bluffs and rocky cliffs that afford them their enviable vistas.

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Keeping Current Matters

DECEMBER 22, 2021

If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment.

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Housing Wire

DECEMBER 22, 2021

The National Association of Realtors reported that existing home sales for November came in hot at 6.46 million. This number is above my sales trend peak of 6.2 million, which means we have now had three straight months of sales of over 6.2 million. Early in the year , I wrote that if existing home sales stay in a range between 5.84 million and 6.2 million , that would mean it’s a good year for housing demand.

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Sotheby's International Real Estate

DECEMBER 18, 2021

Why go out for a nightcap when a custom-stocked private bar is steps away? From an Upper West Side townhouse to a San Francisco high-rise, these bars will inspire staying home and sipping in style. Mediterranean-Inspired Houston Hideaway. Houston, Texas | David Atkins & Jason Lee Villarreal, Martha Turner Sotheby’s International Realty . Tucked amid stately trees, this 9,922-square-foot Mediterranean-inspired home is a harmonious, satisfying retreat in Houston’s bucolic Tanglewood.

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Realtor.com

DECEMBER 20, 2021

Getty Images If you’re in the market to buy a home—or on the fence about whether to dive into the housing market right now—here’s what reports and interviews from economists and analysts predict will happen in 2022. Mortgage rates will rise. Right now, we’re still facing mortgage rates near historic lows—some 30-year rates are still near 3% and some 15-year rates near 2% —but pros do predict a rise.

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Marketing Mortgages Sales As-is 133

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

DECEMBER 20, 2021

To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com , says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply. ”.

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Housing Wire

DECEMBER 23, 2021

Today the Census Bureau ‘ s new home sales report came in as a missed estimate at 744,000. In addition, revisions were all negative, and the monthly supply of new homes rose. This is in contrast to the existing home sales market, which I would say is outperforming. With the recent growth in sales, the new home sales market is just OK and has been for some time.

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Sales Mortgages As-is Marketing 493

Sotheby's International Real Estate

DECEMBER 20, 2021

Sotheby’s International Realty today announced that Steiger & Cie Sotheby’s International Realty has joined the network. The addition marks the brand’s continued growth in Europe and marks nearly 200 affiliated offices in the EMEIA region. The firm, led by Florian Steiger in partnership with Oliver Herweg and Nicholas Koch, will operate in Verbier, Crans-Montana, and Zermatt, Switzerland.

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Realtor.com

DECEMBER 20, 2021

Getty Images Much like every new tech startup is dubbed “the new Uber,” it seems whenever a newly hip and fashionable town or neighborhood emerges someplace in the U.S., it gets tagged “the next Brooklyn.” After all, the New York City borough has become shorthand for an area packed full of craft cocktail–guzzling, bike-commuting, indie rock–loving, tight T-shirt-wearing residents—that rarefied species once commonly known as “hipsters.” They usher in the totems

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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

Keeping Current Matters

DECEMBER 23, 2021

It’s clear that owning a home makes financial sense.

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Housing Wire

DECEMBER 20, 2021

DocMagic announced on Monday the rollout of eDecision , a fully automated platform that it said will significantly expand the level of analysis applied to e-eligibility determination for eClosings. The automated loan document preparation and eMortgage services provider claims the new platform delivers a clear-cut, highly accurate decision telling users exactly how far they can take their closing digitally based on the unique attributes of the loan transaction and the county-level eRecording acce

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Sotheby's International Real Estate

DECEMBER 22, 2021

This prestigious two-level villa in Tahiti was designed by a renowned architect and recently completed. It offers panoramic view on Moorea, from the heights of Miri. ??. Tahiti, French Polynesia | Natacha Vongue & Claire Zidou, French Polynesia Sotheby’s International Realty. On the first floor, there are two large bright bedrooms with en-suite shower rooms, one terrace, one entrance hall and one covered garage for two cars.

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Design 129

Eye on Housing

DECEMBER 23, 2021

New single-family home sales rose in November 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 November at a 744,000 seasonally adjusted annual pace, a.

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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

Keeping Current Matters

DECEMBER 24, 2021

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Housing Wire

DECEMBER 23, 2021

The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. The 15-year-fixed-rate mortgage averaged 2.30% last week, declining from 2.34% the week prior. A year ago at this time, it averaged 2.19%.

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Fixed-rate mortgage Mortgages Technology Closing 482

Jason Fox

DECEMBER 22, 2021

How to Streamline Your Real Estate Social Media Content Creation. Looking to sell property, generate leads, or build trust in your community? Social media is crucial to getting your message out. Social networks are an important social and cultural institution of the modern world. Their rapid growth in popularity and usefulness since the early 2000s has made them part of our everyday experience.

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HomeLight

DECEMBER 23, 2021

You’ve lived with your home’s quirks for years: the toilet handle that needs jiggling after every flush. The electrical outlets that haven’t worked in a decade. That red accent wall in the living room that’s more dated than dramatic. Now that you’re selling your house, you see these imperfections through the eyes of potential buyers. And you wonder what they’ll overlook — and what might be deal breakers if you ignore them.

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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

Realtor.com

DECEMBER 24, 2021

Getty Images You don’t have to compromise on luxury to incorporate your pets into living room designs. While animals and upholstery don’t typically mix, some heavy performance materials and tricks to camouflage the dog bowl and chew toys can ensure your living space is pet-friendly and stylish. Wool and crypton take sofas from scratching pads to durable living room anchors, wicker baskets hide unwanted odds and ends, and a built-in furniture drawer conceals pet food.

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Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” They have good reason to feel anxious. Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

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The Mortgage Report

DECEMBER 21, 2021

Everything you should know about FHA vs. VA loans: Pros, cons, requirements, and advice for home buyers.

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VA loan Loans Mortgages 120

HomeLight

DECEMBER 21, 2021

You’ve created wonderful memories living in your Rocket City home, but you’re feeling the pressing winds of change. Perhaps you need to move closer to your grandchildren, buy a larger home, or it’s time to downsize after the kids have gone to college. Fortunately, it’s never been a better time to sell your house fast in Huntsville, but there are proven strategies savvy home sellers can apply to ensure a quick, smooth, and most profitable sale.

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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

Realtor.com

DECEMBER 21, 2021

Realtor.com Prestigious properties can be found throughout this week’s list of the oldest homes to land on the market. Our top 10 is kicked off by a lovely antique in Rhode Island from 1710. It’s located in the heart of the small state’s “apple country” and includes what was once a cider mill. And get this, there are two—yes, two—vintage properties named Bittersweet Farm on this week’s list.

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Housing Wire

DECEMBER 21, 2021

Having access to fast, accurate, and current rate data is critical in today’s ever-evolving mortgage landscape—and not just for the LOs who quote these loans. With the right pricing data, mortgage lenders can expect to improve their operations from the ground up. They can attract top-tier talent and create more internal buy-in. Further, they can craft more effective marketing strategies, identify more lucrative opportunities, and win the margin battle on a market-by-market basis.

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The American Genius for Real Estate

DECEMBER 24, 2021

(EDITORIAL) Short-form content and blurbs are all the rage. Every social media platform has limited characters, so here are 16 quick networking tips. The post 16 networking tips that are easy to digest appeared first on The American Genius Real Estate.

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The Mortgage Report

DECEMBER 22, 2021

Should you work with a co-borrower on your mortgage? With the right person, you could be a homeowner much sooner.

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Mortgages 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