Housing Wire
OCTOBER 21, 2021
The National Association of Realtors ‘ existing home sales report for September came in at an excellent beat of estimates at 6.29 million. Now that we are just 10 days away from Halloween in 2021, we can all chuckle a bit at how wrong the housing bears of 2020-2021 have been. Especially all those crazy cats on YouTube forecasting the 2021 collapse of housing due to forbearance.
Keeping Current Matters
OCTOBER 19, 2021
If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first understand a few terms you may be hearing right now.
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Eye on Housing
OCTOBER 22, 2021
Home building, like other U.S. industries, has been dealing with the supply side challenges of labor and material shortages. Unlike other industries, however, home builders confront an additional challenge in obtaining lots on which to build. In a recent NAHB survey, 76 percent of builders reported that the overall supply of developed lots in their areas was low to very.
Better Dwelling
OCTOBER 22, 2021
The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold. Rather […]. The post The World Has Millions of Vacant Homes, and 1.3 Million Are In Canada: OECD appeared first on Better Dwelling.
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
OCTOBER 22, 2021
Real estate investors are buying more properties, but paying less for them, according to a report from RealtyTrac released Thursday based on ATTOM Data Solutions home sales data. In the second quarter of 2021, investor purchases accounted for 15.4% of all home purchases nationwide, compared with 11.5% of all home purchases a year prior. Despite such a large year-over-year change, it is still slightly lower than Q1 2021 , in which investors held 15.9% of the market.
Keeping Current Matters
OCTOBER 22, 2021
Some Highlights. If you’re a homeowner, today’s rising equity is great news. On average, homeowners have gained $51,500 in equity since this time last year. Whether it’s funding an education, fueling your next move, or starting a business, your home equity is a great tool you can use to power your dreams. Ready to sell ? Reach out to a local real estate professional to talk about how you can take advantage of your rising equity to reach your goals.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Lighter Side of Real Estate
OCTOBER 19, 2021
Sometimes the scariest thing in the job of a real estate agent isn’t a mile long inspection report detailing foundation issues, or seeing your buyer pull up in a new car before their mortgage is approved. From the just plain weird to the downright freaky, the crazy situations agents find themselves in would surprise anyone who hasn’t been in the biz.
Housing Wire
OCTOBER 18, 2021
Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Sandra Thompson, acting director of the FHFA, said both Fannie Mae and Freddie Mac will allow appraisals to be conducted remotely, using public records such as listings and tax appraisals, for purchase loans starting in early 2022.
Keeping Current Matters
OCTOBER 20, 2021
While today’s supply of homes for sale is still low, the number of newly built homes is increasing. If you’re ready to sell but have held off because you weren’t sure you’d be able to find a home to move into, newly built homes and those under construction can provide the options you’ve been waiting for. The latest Census data shows the inventory of new homes is increasing this year (see graph below) : With more new homes coming to the market, this means you’ll have more options to choose from i
Maximum Exposure Real Estate
OCTOBER 21, 2021
Moving Change of Address Checklist Who are the most important people and organizations to notify when you are moving? An excellent question, right? When you move, it is essential to understand who should know you’re changing your address. A change of address checklist is necessary not to forget who should know about your new location. […].
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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.
Eye on Housing
OCTOBER 18, 2021
Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages. Builder sentiment in the market for newly built single-family homes moved four points higher to 80 in October, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.
Housing Wire
OCTOBER 18, 2021
Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report released on Monday. The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of pro
Keeping Current Matters
OCTOBER 21, 2021
It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been.
Better Dwelling
OCTOBER 21, 2021
Canada’s central bank is increasingly feeling the pressure from inflation. Desjardins, the country’s largest cooperative financial group, accelerated its interest rate forecast. They see the Bank of Canada (BoC) hiking rates a quarter earlier than previously expected. Elevated inflation is what’s behind the change, and it’s going to push the cost of mortgages higher.
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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
OCTOBER 18, 2021
Tips For Finding Out Who Owns a House Are you looking to find out the ownership of a specific home? There are many reasons why you would want to know how to find out who owns a property. Perhaps you are looking to purchase an abandoned house or a waterfront house you’ve always wanted? Maybe […]. The post How to Find Out Who Owns a Property appeared first on Massachusetts Real Estate Exposure.
Housing Wire
OCTOBER 18, 2021
I’ve been hearing some chatter lately that the uptick in home buying that started in February of 2020 (before COVID, by the way) and has continued into 2021 is being substantially driven by a national emotional state of fear of missing out (FOMO). Now, I understand emotional eating (me, plus Halloween, plus a big bowl of Reese’s Peanut Butter Cups for instance) and even emotional buying (still whittling down hand sanitizers).
Keeping Current Matters
OCTOBER 18, 2021
Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today’s housing inventory sits at only a 2.6-month supply. To put that into perspective, a neutral market typically features a 6-month supply. That places today’s market firmly in the sellers’ market category.
Sotheby's International Real Estate
OCTOBER 16, 2021
From a grand manor in Greenwich to a villa steeped in Hollywood history, these homes feature vaulted ceilings that create spaces filled with volume, light, and drama. Midcentury Modern Oasis. Glen Ellen, California | Daniel Casabonne, Sotheby’s International Realty – Wine Country – Broadway Brokerage. This delightful three-bedroom midcentury modern home enjoys a peaceful pastoral location in the heart of wine country, just down the road from downtown Glen Ellen.
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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.
Eye on Housing
OCTOBER 20, 2021
Despite the volatility surrounding the recent COVID-19 pandemic, the housing market has shown remarkable resilience, fueled by demographic tailwinds and a housing shortage due to a decade of underbuilding. Home construction slowed after 2007 as a result of the 2008 Great Recession, but home building staged a slow, modest recovery over the last decade, with a sharp acceleration in 2020.
Housing Wire
OCTOBER 20, 2021
Mortgage application activity dropped 6.3% for the week ending Oct. 15, according to the latest Mortgage Bankers Association survey. And, as you might have guessed, mortgage rates had a lot to do with it. “Refinance applications declined for the fourth week as rates increased, bringing the refinance index to its lowest level since July 2021,” Joel Kan, the MBA’s associate vice president of economic and industry forecasting, said in a statement. “The 30-year fixed rate has incre
Realty Biz
OCTOBER 22, 2021
As demand for single-family rental homes soars amid a growing preference for bigger, more spacious homes, data published this week shows investors are flocking to the market to buy up more stock. A report from CoreLogic this week shows that rents across the U.S. rose by an average of 9.3% in August compared to the same month one year ago, compared to a 2.2% increase that year.
Sotheby's International Real Estate
OCTOBER 19, 2021
Few residential aesthetics are as widely esteemed and emulated as those of Northern California’s wine country, with their rustic materials, serene organic palettes, relaxed but chic furnishings, plentiful light, and emphasis on indoor-outdoor living. This impressive 9,620-square-foot home—which boasts nine bedrooms and interior design by the acclaimed Paul Wiseman of the Wiseman Group—is a bastion of them all, with stalwart wood ceiling beams, stone thresholds, and hardwood flooring fittingly cr
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.
Coldwell Banker
OCTOBER 21, 2021
Put your own signature style on this year's Thanksgiving celebration to make it a memorable occasion for family and friends. The post Shake Up Your Turkey-Feather Festivities appeared first on Coldwell Banker Blue Matter.
Housing Wire
OCTOBER 21, 2021
The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Most economists believe they’ll continue to climb. “Mortgage rates continued to rise this week due to the trajectory of both the economy and the pandemic,” Sam Khater, Freddie Mac’s chief economist, said in a statement.
Eye on Housing
OCTOBER 20, 2021
NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5 billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] Four-quarter property tax revenues have climbed 13.2% since decreasing 0.2% in Q2 2020 (the first decrease since 2012). Year-over-year growth of four-quarter property tax revenue has accelerated each of the past four quarters.
Realty Biz
OCTOBER 22, 2021
Being a property owner comes with its advantages, but it can also come with a lot of stress and headaches. It’s no surprise that many owners turn to a property management company to handle their vacancies, tenants, finances, maintenance, and much more. Property Value Market Diagram Concept. A property manager will become your strategic partner who works with you to relieve any day- today-concerns and challenges related to your property.
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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.
Sotheby's International Real Estate
OCTOBER 18, 2021
Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. Washington, DC | David Park, TTR Sotheby’s International Realty . Located in Washington, D.C. the stunning 32-unit residences at SEVEN700 are sure to inspire. Featuring top tier finishes, balconies, and inspiring views of the Nation’s Capital, the ideals of urban living are well within reach at SEVEN700.
Housing Wire
OCTOBER 21, 2021
Existing-home sales rose 7.0% in September after waning in August, according to a new report National Association of Realtors released Thursday. Despite this increase, sales of existing homes are still down 2.3% from a year ago. “The gain in existing home-sales in September reflects contracts signed earlier in the summer,” Mike Fratantoni, MBA SVP and chief economist said in a statement.
Eye on Housing
OCTOBER 21, 2021
As inventory improved in recent months, existing home sales surged to 8-month high in September, according to the National Association of Realtors (NAR). Though housing demand remains strong as buyers want to take advantage of low mortgage rates before rates rise further, higher home prices are pricing out first-time and young buyers.
The Mortgage Report
OCTOBER 19, 2021
2021 was a tough housing market. Will things improve next year? Read our housing market predictions from 7 real estate experts to find out.
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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