Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
Housing Wire
OCTOBER 11, 2021
Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond.
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Eye on Housing
OCTOBER 12, 2021
In the August labor market data, job openings for the overall economy remained elevated at 10.4 million open positions. What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from.
Keeping Current Matters
OCTOBER 13, 2021
The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space. 69% of respondents want a home office (48% wanted multiple offices). 46% of respondents want a multi-function room/flexible space. 42% of respondents want an au pair/in-law suite. 39% of respondents want an exercise room/yoga space
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.
Maximum Exposure Real Estate
OCTOBER 15, 2021
The Role of a Real Estate Title Company As if real estate wasn’t confusing enough. Just when you think you have a handle on all the professionals and the organizations, along comes someone or something else to let you know there’s always more to learn. One of these items is knowing what a title company […]. The post What Does a Title Company Do in a Real Estate Transaction appeared first on Massachusetts Real Estate Exposure.
Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Keeping Current Matters
OCTOBER 12, 2021
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.
Sotheby's International Real Estate
OCTOBER 14, 2021
Atami, Japan | List Sotheby’s International Realty. Seeking peace, harmony, and tranquility at home? Perhaps it’s time to embrace the minimalism, artisanal craftsmanship, and traditional features that make Japanese design so inviting. Though Japandi style—a combination of classic Japanese and streamlined Scandinavian aesthetics—is topping trend lists this year, the foundational components of Japanese design are truly timeless.
Housing Wire
OCTOBER 14, 2021
Young people make up a smaller share of recent homebuyers than in previous years most likely due to the increased market activity of baby boomers, a new Zillow report published on Thursday found. It’s hardly breaking news that the demand for housing has drastically increased over the past 18 months, but the report suggests that this has more to do with demographic trends than the pandemic.
Realty Biz
OCTOBER 12, 2021
Purchasing a new house is a complicated process, which requires time and a lot of care. To make it a safe and carefree process, there are several elements to consider before signing the actual contract. Although the immediate attention of any buyer goes towards the financial aspects, like loans and credit history, it is instrumental to thoroughly understand how to verify the history of the house you intend to buy.
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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.
Keeping Current Matters
OCTOBER 11, 2021
A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own. The pride homeownership offers. The sense of stability. In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time.
Sotheby's International Real Estate
OCTOBER 9, 2021
In peaceful locations from the verdant reaches outside Greenwich to New Mexico’s “O’Keeffe Country,” these rural retreats enjoy plentiful privacy, inspiring views, fresh air, and interiors that are as enchanting as their surroundings. The Forest Home. Healdsburg, California | Sheri Morgensen & Jessica Wynne, Sotheby’s International Realty – San Francisco Brokerage.
Housing Wire
OCTOBER 13, 2021
Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022. The rapid increase in home prices over the past year is due to a number of colliding factors, including low interest rates, tight housing inventory, pandemic-induced migration patterns and an increase in millennials entering the home buying market
The American Genius for Real Estate
OCTOBER 11, 2021
(EDITORIAL) What follows is an open letter response with 13 questions regarding numerous recent representations by REX Homes. The post REX Homes – not disrupting anything except investor balance sheets appeared first on The American Genius Real Estate.
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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.
Keeping Current Matters
OCTOBER 14, 2021
As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today is anything but normal , and it’s still an incredibly strong sellers’ market , especially when compared to the few years leading up to the pandemic.
Eye on Housing
OCTOBER 14, 2021
Prices paid for goods used in residential construction ex-energy decreased 0.8% in September (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The decrease was largely driven by lower lumber and concrete products prices and was the second monthly decline since the start of the last recession.
Housing Wire
OCTOBER 12, 2021
Mortgage credit availability increased for the third consecutive month in September, but is still 30% below the pre-pandemic level, according to a report released Tuesday by the Mortgage Bankers Association (MBA). Much of the growth in credit availability has come from loans that cater to self-employed borrowers, who were left in the cold by most lenders during the pandemic.
Fancy Pants Homes
OCTOBER 11, 2021
Taylor Swift’s 2020 album, Folklore , came as a surprise to everyone — including the artist’s celebrity friends, Blake Lively and Ryan Reynolds, who had cautiously guarded the name of their third daughter since she was born, only to have Swift’s album reveal the name in a track named after her. But imagine our surprise when we heard that one of the songs on the album is a reference to the Grammy winner’s house in Watch Hill, Rhode Island.
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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.
Keeping Current Matters
OCTOBER 15, 2021
Some Highlights. The best advice carries across multiple areas of life. When it comes to homebuying , a few simple tips can help you stay on track. Because of increased demand , you’ll need to be patient and embrace compromises during your search. Then, once you’ve fallen in love, commit by putting your best offer forward. If you’re looking to buy a home this year , work with a real estate professional so you have a dedicated partner and teammate to help you find the one.
Eye on Housing
OCTOBER 14, 2021
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the third quarter posted a reading of 87, up five points from the third quarter of 2020. The reading is a sign of positive residential remodeler sentiment for projects of all sizes.
Housing Wire
OCTOBER 15, 2021
Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation , a tightening of monetary policy, and low home inventory. Fannie Mae in its October economic forecast said it expects the 30-year fixed rate mortgage to average 3.3% in 2022, up from 3.1% the GSE projected last month. Fannie attributed the uptick in interest rates to the Federal Reserve’s expected tapering of asset purchases, including mortgage backed securities.
Sotheby's International Real Estate
OCTOBER 15, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Miami Beach, Florida | Mirce Curkoski & Albert Justo, ONE Sotheby’s International Realty . Bosh, a two-time NBA champion with the Miami Heat, paid $12.33 million for the waterfront property in 2010. Chris Bosh’s longtime Miami Beach mansion gets a new look and new price: $42 million – Los Angeles Times. 6 charming homes in Illinois – The Week. 7 New Real Estate Developments Mak
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.
Realty Biz
OCTOBER 14, 2021
Engel & Völkers, one of the world’s leading premium real estate companies, announced recently the opening of its newest real estate shop in Sheridan, Wyoming. The new branch will be headed by David G. Turner, who’s a top producing real estate professional in this interesting region. Given this is such a specialty market, and the nature of Turner’s team there, we thought a brief Q & A with the broker would be of interest to professionals and potential buyers and sellers, as well.
Eye on Housing
OCTOBER 15, 2021
Over the first eight months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 775,772. On a year-over-year (YoY) basis, this is a 25.8% increase over the August 2020 level of 616,856. Year-to-date ending in August, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 29.3%, followed by the South.
Housing Wire
OCTOBER 15, 2021
Homeownership platform provider SimpleNexus acquired LBA Ware , a software firm that offers incentive compensation management and business intelligence software for the mortgage industry, the companies announced Friday. The acquisition is a first for SimpleNexus and brings together 325 employees in 29 states from the two companies. SimpleNexus will now serve 425 distinct lender customers and dozens of mortgage technology integration partners, the company said in a release.
Sotheby's International Real Estate
OCTOBER 11, 2021
Sotheby’s upcoming Contemporary Art Day Sale (8-15 October 2021) celebrates the pioneering work of ground breaking NFT artists, displaying digital and physical versions of their artworks in parallel. ?. In this latest Sotheby’s video, discover more about this visionary content created by pioneer NFT artists including Hueman, Fewocious, Justin Roiland and MGOGLKTKO which covers the gamut from mind-bending and atmospheric pieces to humorous and absurdist faire.
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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.
HomeLight
OCTOBER 11, 2021
When it comes to buying and owning a home, whether in real life or as experienced in books, movies, or on TV, we often hear about the process in the context of a mortgage — getting approved for one, having to make those mortgage payments, and so on. But rarely do we hear anyone discussing a deed of trust. In general, the term “mortgage” is used to describe any loan that is secured by real property.
Eye on Housing
OCTOBER 13, 2021
Inflation accelerated in September, as prices for food and shelter showed notable gains. Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened. And they expected “inflation pressures to ease as the effect of these transitory factors dissipated.
Housing Wire
OCTOBER 13, 2021
Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association , which said applications overall increased just 0.2% from the prior week. “An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. R
Sotheby's International Real Estate
OCTOBER 13, 2021
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Concord, Massachusetts | Barrett Sotheby’s International Realty . In a stunning marriage of function and form, this striking home masterfully elevates the essence of today’s lifestyle. Its completion spanned three years due to a laser focused collaboration of extensive thought, high level of detail, and amazing woodwork; the final result is a phenomenal archi
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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