Housing Wire

MARCH 19, 2021

Determining the value of a home depends on both art and science. With the increasing availability of massive amounts of housing data and the ability to analyze that information. Analysis of millions of pieces of disparate data informs nearly every decision made involving residential real estate. Todd Teta – guest columnist March HW Magazine. Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform th

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Keeping Current Matters

MARCH 18, 2021

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season. 1.

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Lighter Side of Real Estate

MARCH 19, 2021

There was a time when people felt they should wait until they were married to buy a home. But today, that idea is no longer as relevant, and single people are more empowered than ever to purchase real estate—and, more specifically, single women. According to data outlined in a recent REALTOR® Magazine article , single women own approximately 5.2 million homes in the United States—44 percent more than single men, who currently own about 3.6 million.

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Maximum Exposure Real Estate

MARCH 18, 2021

What Is The Home Appraiser Appraising? What do appraisers look for? This is a question I have been asked by many clients over the years. A visit from a home appraiser is an inevitable part of selling your home. Even if your buyer is happy to pay what you ask and loves the place, the […]. The post Home Appraiser: What Do Appraisers Look At During An Appraisal appeared first on Massachusetts Real Estate Exposure.

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Marketing 145

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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

MARCH 19, 2021

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding. With mortgage rates making their ascension , many late-to-the-game homeowners hopped on the chance to refinance their home loans and pushed refi volume to 68% of all closed loans in February, according to the latest originations report from ICE Mortgage Technology.

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Keeping Current Matters

MARCH 15, 2021

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the homebuying process. 1.

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Eye on Housing

MARCH 18, 2021

Last week’s post reported on first-time home buyers from the February survey for the NAHB/Wells Fargo Housing Market Index (HMI). According to the same source, second homes (i.e., homes sold to buyers who are not going to occupy the home year-round, but use it as a vacation home, investment property, etc.) account for 15 percent of new single-family home sales. .

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Housing Wire

MARCH 15, 2021

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point. Cash-out loans have been growing over the past few years and it is also true that we have a recent history of excessive equity extraction factoring in a bust in housing.

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Keeping Current Matters

MARCH 16, 2021

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains : “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time.

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Realty Biz

MARCH 15, 2021

Image Credit: Unsplash. While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Blockchain enables ledgers, records, and transactions to be recorded and tracked across a decentralized computer network. Because the blockchain is always updated instantly in real-time, the network will only ever have access to the most recent copy which is always accessible to each member at all times.

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Technology Due diligence Title Marketing 145

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

Point2Homes

MARCH 16, 2021

Image: Chuck Wagner / Shutterstock.com. When you’re preparing to move, you have a choice between hiring a professional moving company or renting a moving truck, which can be a great way to save money. Moving is expensive, and doing as much as you can yourself will help keep your costs down. Plus, a DIY move offers you more flexibility and gives you the freedom to do things at your own speed.

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As-is 142

Housing Wire

MARCH 18, 2021

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey. Rising mortgage rates typically signify a recovering economy, and despite applications for mortgages dropping week-over-week, according to Sam Khater, Freddie Mac’s chief economist.

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Keeping Current Matters

MARCH 19, 2021

Some Highlights. Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your dreams. The post Americans See Major Home Equity Gains [INFOGRAPHIC] appeared first on Keeping Current Matters.

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Better Dwelling

MARCH 16, 2021

First-time buyers are said to be driving BC’s residential boom, but that’s not what data shows. BC Government property transfers do reveal more first-time buyers in January. The catch is they failed to grow as quickly as total home sales. First-time homebuyers now represent the smallest part of the market in years. First-Time Buyers Fail […].

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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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Realty Biz

MARCH 19, 2021

Homeowners who’re looking to secure a quick sale might want to take it upon themselves to do a pre-listing home inspection with the aim of speeding up the sales process. Typically, the onus has always been on the buyer to pay for the home inspection once their offer has been accepted, but that can lead to a longer wait before closing, and also negotiations over the cost of repairs if any issues with the home are surfaced.

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Housing Wire

MARCH 19, 2021

National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday. In an earnings call this week, Lennar executive chairman Stuart Miller said the move would maximize the technology investments made through LENx , the company’s primary investment vehicle.

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Keeping Current Matters

MARCH 17, 2021

Last year started off with a bang. Unemployment was under 4% , forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two days later, the White House declared it a national emergency.

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Realtor.com

MARCH 18, 2021

Getty Images Preparing to list your house? If you want to get top dollar, start sprucing up your kitchen now. “The kitchen is often the centerpiece in a home and the place where most of the entertaining happens,” says Tony Rodriguez-Tellaheche , owner and managing broker of Prestige Realty Group in Miami. “Sellers should not cut corners.”. A killer kitchen is one of the best ways to sell your home.

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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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The Mortgage Report

MARCH 15, 2021

Looking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible.

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Mortgages 132

Housing Wire

MARCH 15, 2021

Zillow is the elephant in the room, and Mynor Herrera doesn’t know whether to feed it, ignore it, or find a mouse. Herrera at first felt he needed to work with Zillow, and he sent a check to the company each month in exchange for leads. But the head of Mynor & Associates , a Keller Williams affiliate in Bethesda, Maryland, grew frustrated. “We used to attribute 25% of our business to Zillow,” Herrera said.

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Eye on Housing

MARCH 16, 2021

Despite high buyer traffic and strong demand, builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March.

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Marketing 131

Realtor.com

MARCH 19, 2021

HGTV Taylor Spellman , star of the new Discovery+ series “One Week To Sell,” specializes in fixing up seemingly unsellable homes so they’ll attract buyers. And while she’s worked on some ugly, unappealing houses on the show, sometimes the homes are just old. In the latest episode, “Disco Fever Gets a Retro Rehab,” Spellman is called to a 1970s home in the quiet community of Monroe Township, NJ.

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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

Coldwell Banker

MARCH 16, 2021

Coldwell Banker-affiliated agents offer their best tips to first-time home sellers. The post It’s A Seller’s Market After All: Tips for First-Time Home Sellers Directly from the Experts appeared first on Coldwell Banker Blue Matter.

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Housing Wire

MARCH 15, 2021

The industry is now less than two weeks away from the one-year anniversary of the CARES Act, which provided borrowers with federally backed mortgages the option to receive forbearance for up to 180 days. After many extensions and exits, the Mortgage Bankers Association estimates 2.6 million homeowners are still in some form of forbearance, though that number continues to slowly fall.

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RIS Media

MARCH 16, 2021

When it comes to lead generation, social media is vital for real estate agents looking to develop a successful marketing strategy. As you grow your presence on social media, engagement follows suit…but only if you use these platforms to connect—and stay connected—to your audience. Posting self-made videos , sharing educational information and promoting your listings are tried and true social media methods for generating more leads.

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Brownstoner

MARCH 19, 2021

Citing the difficulties of accessing virtual community meetings for those without Internet access, a Brooklyn judge upheld a temporary restraining order against the controversial Spice Factory rezoning at 960 Franklin Avenue — saying the city needed to provide a platform for everyone to voice their opinions before she would allow… Read More > The post City Must Ensure All Can Give Public Testimony Before Crown Heights Rezoning Can Resume appeared first on Brownstoner.

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Development 130

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

MARCH 17, 2021

Getty Images Remember lazy Sunday afternoons when home buyers could leisurely hop from open house to open house, partaking of wine and cheese laid out to reel in more foot traffic—the more the merrier. Much can change in a year. On March 11, 2020, the World Health Organization declared COVID-19 a pandemic, triggering a wave of lockdowns that dramatically changed our lives in countless ways—including how we buy and sell homes.

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Housing Wire

MARCH 18, 2021

In the wake of an ultimatum that mortgage brokers couldn’t use Rocket Pro TPO an d Fairway Independent Mortgage while still sending loans to United Wholesale Mortgage , Mat Ishbia declared victory. In a statement issued after Monday’s deadline, the president and CEO of UWM said that more than 10,000 broker shops have pledged to no longer work with Rocket and Fairway , whom he said have been working behind the scenes to destroy the broker channel.

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The Mortgage Report

MARCH 16, 2021

A new rule from FHFA caused a sharp increase in investment property mortgage and second home mortgage fees. Here's what you need to know.

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Mortgages 128

RIS Media

MARCH 16, 2021

The sun doesn’t appear to be setting on the bustling housing market, even as mortgage rates continue to rise. The gradual increase in 30-year fixed mortgage rates and a slight dip in mortgage applications may have initially worried some ahead of the spring home-selling market. Rates rose to over 3% in early March, breaking an almost year-long decline during the pandemic that resulted in record lows.

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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