Housing Wire
SEPTEMBER 2, 2020
The deadliest pandemic in more than a century has failed to derail the housing market because of the lowest mortgage rates ever recorded coupled with a shift in how people use their homes. “The buyers are coming in because of the low interest rates – that’s the No. 1 reason,” said Lawrence Yun, chief economist of the National Association of Realtors said in an interview with HousingWire.
Keeping Current Matters
SEPTEMBER 3, 2020
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the coming weeks might just be the timing you’ve been waiting for.
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Eye on Housing
SEPTEMBER 4, 2020
Using the 2018 Rental Housing Finance Survey (RHFS) published by the US Census Bureau, this post examines the characteristics of rental housing in the United States. The RHFS provides measures of financial, mortgage, and property characteristics of rental properties in the US on a current and continuous basis.[1] General Characteristics The 2018 RHFS survey shows that there are 19,955,000 rental.
Realtor.com
SEPTEMBER 3, 2020
SolStock/Getty Images You’re no Bob Vila , but part of being a homeowner or renter is knowing how to tackle common home repair projects on your own. We’re talking about tasks that fall somewhere between changing a lightbulb and hardwiring a light fixture. These projects aren’t exactly no-brainers, but they also won’t put you at risk of electrocution.
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
AUGUST 31, 2020
According to Census data, approximately 21% of renter households are behind on rent payment, and it’s estimated that up to 40 million renters could face eviction over the next few months after federal eviction moratoriums expired in late July. Now, states and localities are deciding if and when to end or extend eviction moratoriums. Today, eviction moratoriums are expiring in Atlanta and Pennsylvania.
Keeping Current Matters
SEPTEMBER 1, 2020
When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realtor.com
SEPTEMBER 1, 2020
George Frey/Bloomberg via Getty Images A surge in home-buying demand and limited inventory for existing homes is spurring construction to help fill the gap. Home builders attribute their robust sales to low interest rates, a shortage of existing homes for sale and consumer willingness to move farther from city centers in exchange for more space. New single-family-home sales rose 13.9% in July from June to a seasonally adjusted annual rate of 901,000, the highest level since December 2006, accord
Housing Wire
SEPTEMBER 3, 2020
Home-buyer purchasing power increased 6.9% this July, meaning a homebuyer with a $2,500 monthly housing budget can afford a home priced $33,250 higher than a year ago, Redfin found , which it credited to historically low mortgage rates. But with home prices up 8.2% year over year in July, this home-buyer purchasing power is essentially canceled out, data from Redfin shows.
Keeping Current Matters
AUGUST 31, 2020
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas, Director of Economic Research at realtor.com, explains : “COVID-19 has accelerated earlier trends, bringing even more buyers than the mark
Eye on Housing
SEPTEMBER 1, 2020
National home prices increased modestly in June. While Las Vegas, San Francisco, New York, Chicago, Seattle, Boston and Cleveland experienced price declines, Charlotte posted the strongest annual growth rate among the 19 metro areas in June. 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.
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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.
Realtor.com
SEPTEMBER 2, 2020
realtor.com A spacious Staten Island, NY, house is a pink time capsule ready for a new owner to crack open its blush-colored charms. “Everything is in very good condition,” says listing agent Richard Nichilo. “It may not be updated, but it’s in very good condition.”. Built in 1970, the home on Fingerboard Road is on the market for $829,000.
Housing Wire
AUGUST 31, 2020
Black Knight has acquired DocVerify to boost its e-notarization capabilities. Black Knight announced the purchase of the privately held company on Thursday, without disclosing the terms of the transaction. “The acquisition helps accelerate Black Knight’s goal of digitizing the entirety of the real estate and mortgage continuum as DocVerify’s trusted and proven digital document verification capabilities are already seamlessly integrated with Expedite Close, Black Knight’s digital closing platform
Keeping Current Matters
SEPTEMBER 4, 2020
Some Highlights. The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible. From more outdoor space to virtual classrooms for their children, buyers have a growing list of what they’d like to see in their homes. Reach out to a local real estate professional today if your needs have changed and your wish list is expanding too.
Eye on Housing
SEPTEMBER 1, 2020
The Q2 2020 results of NAHB’s Home Building Geography Index (HBGI) show geographical trends of the home building industry as the novel coronavirus, COVID-19, spread quickly through the United States. Although the pandemic caused widespread economic impacts for many businesses, housing has weathered the economic storm, rebounding quickly from an April slump.
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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.
Realtor.com
AUGUST 31, 2020
hauged / iStock The dog days of late summer are when sweaty urbanites most yearn for a waterfront escape—and this year, anyone who lives in a crowded city wants out, stat. Possibly forever. Along the coasts, folks just head to their nearest beach for some splashy fun and relaxation. But farther inland, that’s not an option. Instead, people flock to the many lakes dotting this great land, many of them unknown beyond the borders of their state.
Housing Wire
SEPTEMBER 2, 2020
Mortgage applications fell 2% last week, according to a report from the Mortgage Bankers Association, marking the third week of declines. The refinance index also fell 3% last week, however remained 40% higher than the same week one year ago. Despite 30-year fixed and 15-year fixed mortgage rates declining to near historical lows, both conventional and government refinancing activity fell last week, said Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Homes.com
SEPTEMBER 2, 2020
The acronyms of real estate can be overwhelming. Here’s a list of the ones you're likely to run into when buying or selling a house. The post Acronyms of Real Estate: What Homebuyers Need to Know appeared first on Homes.com.
Eye on Housing
SEPTEMBER 3, 2020
Both weekly initial jobless claims and continuing claims, which lag initial jobless claims by one week, declined, mainly reflecting a change in the methodology from the Labor Department. Starting in September 3, 2020, instead of multiplying the unadjusted number by the seasonal factor, the Bureau of Labor Statistics (BLS) has decided to use the additive method to seasonally adjust the.
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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.
Realtor.com
SEPTEMBER 4, 2020
barisonal/iStock.com Buying a home often entails also buying various types of insurance to protect your property, and one type you might need to get is called title insurance. So what is title insurance? When you buy a home, you “take title” to it and establish legal ownership. A title insurance policy protects you against the possibility that someone else might have a claim on your home.
Housing Wire
SEPTEMBER 1, 2020
RE/MAX Holdings and its mortgage franchise Motto Mortgage announced Tuesday the acquisition of wemlo , a mortgage processing startup, for an undisclosed amount. Dustin Morton, vice president of product and strategy at Motto Mortgage, recognized wemlo’s potential right away. “Our network has grown so fast, and we’re always kind of hungry for more solutions when it comes to processing,” Morton told HousingWire.
Afford Anything
AUGUST 31, 2020
Has the pandemic caused you to feel less-than at any point? Do you find your painstakingly-formed money habits harder to stick with? Are you worried about losing your job or figuring out how to make ends meet? Many of us have faced one or all of these pressures since March. And we’re wearing thin, if we haven’t already crumbled. Today’s guest, Dr. Dan Ariely, best-selling author and famed behavioral economist, has a simple message for us: “My responsibility ends at me doing the best job I can.”.
The Close
SEPTEMBER 2, 2020
It is widely known that email is an effective form of marketing. However, you may not be seeing the results from your email campaign that you feel you should. The problem is likely that your customers are receiving the “marketing” but not the “message.”. After coaching agents for the past 11 years, I’ve noticed two common beliefs that agents have that cause ineffective marketing: The first is they want to provide value to their entire database, and second is they don’t want to come across too “s
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
AUGUST 31, 2020
HGTV’s Mountain Mamas Star Trecie Wheat Hughes Shares Her Home Restoration Story. The post A 1910 Craftsman Home Renovation In Montana appeared first on Coldwell Banker Blue Matter.
Housing Wire
SEPTEMBER 1, 2020
The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. Those investigations have resulted in actions against six companies this summer. The most recent cases were those against Service 1st Mortgage, Inc. , and Hypotec Inc., which found the companies had sent consumers numerous mailers for VA-g
Realtor.com
SEPTEMBER 3, 2020
Creative-Family/Getty Images California has long captured the nation’s imagination with its promises of the rich life, from the days of the gold rush to the rise of Hollywood and its star-making machine, to today’s booming tech sector. With its breathtaking shoreline and strong economy, the state has become indelibly known as a place abounding in opportunities—for those eager to seize them.
The Close
SEPTEMBER 1, 2020
So you’re considering a switch to the real estate field, but you’re not ready to dive in full time. We totally get it. Many agents successfully pursue real estate part time. Ready to get started? We’ve put together a step-by-step guide that will take you from getting your real estate license all the way to the closing table. If you’re looking to get started right away, the first step is getting your real estate license, and for that, you’ll need a real estate school.
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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.
Eye on Housing
SEPTEMBER 4, 2020
In August, total payroll employment rose by 1.4 million and the unemployment rate fell to 8.4%. The U.S. labor market continues to recover from the COVID-19 crisis. Residential construction employment rose by 27,700 in August to 2.9 million. Total construction industry (both residential and nonresidential) employment rebounded to 7.2 million in August.
Housing Wire
SEPTEMBER 1, 2020
Proptech company RealPage has entered the smart building space. The company paid an undisclosed amount to acquire STratis IoT , a property management tech firm based in Philadelphia. Stratis IoT connects smart apartment systems and devices into one app, integrating over 100 of the largest providers of smart apartment devices and systems. “Stratis IoT positions RealPage to enter a burgeoning market for smart access control, smart home devices and revolutionary new bulk Wi-Fi networks,” Steve Winn
Realtor.com
SEPTEMBER 3, 2020
Christoph Lambio / EyeEm / Getty Images When was the last time you smiled with pride upon opening a cleaned-up junk drawer or closet? If you can’t recall ever having this feeling, it’s time to hit these hot spots. In fact, it’s smart to tackle organization projects now , since you’re likely to be spending tons of time at home anyway, because COVID-19 is lingering on.
The American Genius for Real Estate
AUGUST 31, 2020
[MARKETING] Your website copy may be too dense, unreadable, and turning away sales. Here’s some tech to help you out. The post Your website copy may be too hard to read; these services help appeared first on The American Genius Real Estate.
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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