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 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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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

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 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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Lighter Side of Real Estate

MARCH 16, 2021

The right accessories can transform a room from dull to decorative, cold to cozy, and even take it from meh to magnificent. Some pieces, like candles and vases, have universal appeal. But depending on which part of the country you call home, other items are more practical than others. For example, if you’re in the Florida Keys, the coat racks and sheepskin throws that are so popular in Michigan will look pretty out of place.

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Sales 145

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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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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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 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 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

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 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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Construction New Construction Residential Industrial 270

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.

Sales

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 132

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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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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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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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

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 131

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

Continuing a long tradition to provide the most recent and accurate research on what home buyers want in their homes and communities, NAHB recently released What Home Buyers Really Want, 2021 Edition*. The study sheds light on the housing preferences of the typical home buyer, but also on how those preferences change over time, and how they may vary based.

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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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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.

Agents

Marco Santarelli

MARCH 15, 2021

Housing data by Bright MLS, Inc. Forecast is an estimate based on data from multiple sources. While it is deemed reliable, it is not guaranteed. If you are looking at buying real estate in Philadelphia in 2021, you must read until the end. Philadelphia is a hot seller's real estate market by all housing indicators. There is a huge gap between supply and demand leading to a rapid price appreciation.

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Housing Wire

MARCH 18, 2021

Savor the irony: A blank-check company started by Spencer Rascoff is bringing an iBuyer, Offerpad, public. Offerpad , a Phoenix-based company, said Thursday that it was bought by a Rascoff-controlled special purpose acquisition company, named Supernova Partners Acquisition Company. Supernova Partners will shepherd Offerpad onto the New York Stock Exchange, according to a press release.

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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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Realtor.com

MARCH 16, 2021

Getty Images In the hottest real estate market since the peak before the Great Recession, home sellers are calling the shots. Most of those sellers are baby boomers—and they’re making out like bandits. Sellers made a median $66,000 on the sale of their homes—a $6,000 increase from the previous year, according to the National Association of Realtors® 2021 Home Buyers and Sellers Generational Trends Report.

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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