Housing Wire

DECEMBER 3, 2020

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%, while total sales increased 19.29%.

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Keeping Current Matters

NOVEMBER 30, 2020

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the homebuying process. 1. Listen to Your Real Estate Agent.

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Realtor.com

DECEMBER 2, 2020

Tony Frenzel; Getty Images Few will be reluctant to say goodbye to 2020. With vaccines rolling out, the days of the deadly pandemic that bludgeoned the nation’s economy seem to be numbered. Good riddance! But the soaring home prices that became a hallmark of the COVID-19 crisis may be here to stay. Realtor.com®’s 2021 housing forecast predicts record-high prices will continue rising in 2021, delivering a blow to first-time buyers and those on a budget.

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Maximum Exposure Real Estate

NOVEMBER 29, 2020

What Buyers and Sellers Need to Understand About a Home Inspection Are you going to be getting a home inspection? Home inspections are a vital part of the real estate transaction process, so it makes sense to learn as much as you can about them. The more you know about what they entail, and more […]. The post Home Inspections: What to Know About a House Inspection appeared first on Massachusetts Real Estate Exposure.

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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

NOVEMBER 30, 2020

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Mandated shut-down measures and the fear of what COVID would do to our economy temporarily immobilized the housing market, evinced by nine weeks of declines in the weekly purchase applications data on a year-over-year basis. Then it was as if the Housing Demographic God exerted her chronokinetic powers to snap demand back to pre-COVID levels of growth.

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Keeping Current Matters

DECEMBER 2, 2020

Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new pending contract growth for two consecutive months (albeit still growing strongly), the underlying

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Maximum Exposure Real Estate

NOVEMBER 29, 2020

Understanding Home Appraisals Are you interested in understanding what to expect from your home appraisal? Real estate appraisals are an integral part of purchasing and selling a property, particularly if the buyer is seeking funding from a lender. The appraised value of a home can make or break a sale, so it only makes sense […]. The post Home Appraisal: What to Know About House Appraisals appeared first on Massachusetts Real Estate Exposure.

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Housing Wire

DECEMBER 2, 2020

There is no place like home. The nature of the crisis this year and headed into 2021 because of the ongoing COVID-19 pandemic has emphasized that fact. Even though we love our family members, we all need our space. Housing demand continues to remain quite strong for those fortunate enough to work in industries that are currently shielded from job loss, while also being more amenable to remote work.

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Keeping Current Matters

DECEMBER 1, 2020

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers in the U.S., making up a significant number of both current and soon-to-be homebuyers.

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Realtor.com

DECEMBER 3, 2020

Lindsay Salazar for The Wall Street Journal So you want your pantry to be an Instagram sensation? Professional home organizers offer tips for turning a visit to your walk-in pantry into a feel-good experience rather than a scavenger hunt for that can of tomato soup. Clean it out: “We need a blank canvas to start with, so the first thing we always do is take everything out,” said Shalae Price of AZ House of Order in Mesa, Ariz.

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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

The Mortgage Report

DECEMBER 2, 2020

Waiving a home inspection could make your offer more competitive. But experts say waiving a home inspection isn't a good idea. Here's why.

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Inspection 144

Housing Wire

DECEMBER 1, 2020

The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the second consecutive week in nearly five months from 5.48% to 5.54%, according to the Mortgage Bankers Association. The MBA now estimates the number of homeowners in some form of mortgage forbearance increased from 2.7 million to 2.8 million this past week.

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Keeping Current Matters

DECEMBER 4, 2020

Some Highlights. If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process. Be sure to work with a trusted real estate professional to learn the specific path to take in your local area. The post The Path to Homeownership [INFOGRAPHIC] appeared first on Keeping Current Matters.

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Realtor.com

NOVEMBER 30, 2020

HGTV Ever wonder what it’d be like to renovate your parents’ house? That’s what Drew and Jonathan Scott face on the latest “Property Brothers: Forever Home.” In the Season 4 episode “Buying Mom and Dad’s House,” the brothers help Mike and Ashley renovate Ashley’s parents’ house in Las Vegas.

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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.

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Maximum Exposure Real Estate

NOVEMBER 30, 2020

What to Know About Septic Systems Costs Both New and Replacement Do you need to replace your septic system? Are you interested in understanding the costs of septic system replacement? If you’re considering buying a home that needs a new septic tank system or getting a construction loan to build a new property, you might […]. The post How Much Does a Septic System Cost: Replacement and New appeared first on Massachusetts Real Estate Exposure.

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Housing Wire

NOVEMBER 30, 2020

U.S pending home sales fell 1.1% in October – the second consecutive month the index has fallen as affordability strains the market, a recent report from the National Association of Realtors said. However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% compared to a year ago. According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the mark

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Keeping Current Matters

DECEMBER 3, 2020

In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – turned to the Internet to do more than just a typical home search.

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Realtor.com

DECEMBER 2, 2020

HGTV Modern farmhouse design has been popular for years, but if you’re tired of barn doors and shiplap, the latest episode of “Fixer to Fabulous” shows off a cooler alternative: modern industrial. In “Old Dojo to Modern Mojo,” Jenny and Dave Marrs help Jennifer and Philip Cristofaros reimagine an old karate studio in Arkansas.

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Renovation Industrial Design As-is 137

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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.

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Eye on Housing

DECEMBER 2, 2020

In September, national home price appreciation accelerated, while all 19 major markets reported home price gains. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 18.3% in September, faster than a 17.0% increase in August. It marks the highest annual growth rate since March 2013.

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Housing Wire

DECEMBER 3, 2020

Boise, Idaho was the No. 1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. In 2018, Forbes ranked the city No. 1 on its list of America’s Fastest Growing Cities. The demand is clear — the Boise housing market has just 0.3 months worth of supply, according to Keller Williams Realty Boise , and homes typically stay on the market for just five days.

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The American Genius for Real Estate

NOVEMBER 30, 2020

(REAL ESTATE BIG DATA) Artificial intelligence is bringing a seismic shift to commercial real estate in everything from investing to sales to property management. Hold on! The post 5 major ways AI is shifting the real estate scene and how to utilize it appeared first on The American Genius Real Estate.

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Realtor.com

DECEMBER 4, 2020

lillisphotography/iStock The appetite for high-end single-family homes is surging across the U.S., according to a report Thursday from real estate data provider HouseCanary. Between the start of the coronavirus pandemic in March and the end of November, the number of single-family detached homes priced above $1 million to have entered contract jumped 28.8% compared to the same period last year.

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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.

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Realty Biz

DECEMBER 3, 2020

Checklist When Getting a Home Inspection. Are you going to be purchasing your first home soon? When you are buying a home, the home inspection can be an exciting time. It’s the first time you have the opportunity to walk around the home since you made an offer on it, and you get to find out all the problems the property may or may not have. Home inspections can help you confirm you’ve made a good home buying decision or give you a list of issues to raise with the seller.

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Housing Wire

DECEMBER 2, 2020

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760. That loan limit figure is determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac , which is increasing in 2021 to $548,250.

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Easy Agent Pro

NOVEMBER 30, 2020

Wanna hear something weird? According to buyers’ agents, “Staging the living room was found to be most important for buyers.” (NAR). Ready for more weirdness? Forty-two percent of buyers’ agents claim that the master bedroom is second in importance when it comes to staging. The kitchen, which I think most of us consider the most important, was third at 35%.

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Realtor.com

NOVEMBER 30, 2020

PeopleImages/Getty Images Two years ago, my husband and I were gearing up to put our first home on the market, which meant our house was due for a deep cleaning and an organizational overhaul. After we got the house sparkling clean and staged for sale, we started to fall in love with it all over again. We looked around at our newly organized pantry and immaculate closets and wondered, Why haven’t we always lived like this?

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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

Afford Anything

DECEMBER 1, 2020

Sam lives in upstate New York, and she spent a decade not earning much. “I worked in food service for about a decade,” she says, “and was really frugal out of necessity.”. “But in 2017 I graduated with an environmental engineering degree and tripled my income, and I found Paula to figure out what to do with the difference.”. She took a mini-retirement in 2018 to spend five months hiking the Appalachian Trail, and then decided to invest in rental properties.

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Housing Wire

DECEMBER 2, 2020

The Federal Housing Finance Agency extended its moratorium on foreclosures and evictions for borrowers with mortgages backed by Fannie Mae and Freddie Mac until Jan. 31. This marks the fourth time the government agency has extended the moratorium, now another month past its most recent deadline of Dec. 31. According to FHFA director Mark Calabria, extending Fannie Mae and Freddie Mac’s foreclosure and eviction moratoriums through January 2021 keeps borrowers safe during the pandemic.

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Eye on Housing

DECEMBER 1, 2020

A trend of higher demand for housing in lower-density areas reported in the second quarter National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) has persisted into the fall, as single-family and multifamily construction continued to overperform in lower cost markets like suburbs and exurbs. The third quarter HBGI reveals that a suburban shift for consumer home buying.

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Realtor.com

DECEMBER 4, 2020

HGTV “Flipping Across America” is back for Season 2! With “Windy City Rehab” star Alison Victoria hosting, viewers get to watch two flips unfold and learn which renovation reaps the best return on investment. In the season premiere, “Desert Oasis,” Victoria introduces the two flipping teams. “Boise Boys” stars Clint Robertson and Luke Caldwell will renovate a house in Boise, ID, while “Desert Flippers” hosts Lindsey and Eric Bennet will update a residence in Palm Springs, CA.

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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