Eye on Housing
AUGUST 3, 2022
The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.
The American Genius for Real Estate
AUGUST 2, 2022
When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate.
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Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
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.
Real Trends
AUGUST 2, 2022
Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.
Maximum Exposure Real Estate
AUGUST 2, 2022
Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale? It only […]. The post Appraisal Myths Too Many Sellers Believe appeared first on Maximum Real Estate Exposure.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 3, 2022
To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.
Brownstoner
AUGUST 1, 2022
It is months away, but perhaps thinking about an illuminated cold-season walk through the crisp air at Brooklyn Botanic Garden will get you through the rest of the summer heat. The glimmering spectacle, which debuted in 2021, will light up the garden from November 16 through January 8, 2023, with some… Read More > The post Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden appeared first on Brownstoner.
Maximum Exposure Real Estate
AUGUST 1, 2022
Buying a home isn’t the same as many other purchases you might make. Ownership is legally changed from the seller to the buyer, and there’s a lot of documentation and contracts involved with that. Because buying a house is more complicated it is often better to use an attorney for real estate purchases. Whether you […]. The post Why You Need a Real Estate Attorney When Buying or Selling a House appeared first on Maximum Real Estate Exposure.
Keeping Current Matters
AUGUST 4, 2022
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house.
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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.
Housing Wire
AUGUST 4, 2022
Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately. According to Fannie Mae’s guidance , “The lender must have a documented program that provides grants for low- to moderate-income borrowers, community development, equitable housing initiative
Eye on Housing
AUGUST 1, 2022
For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.
The American Genius for Real Estate
AUGUST 2, 2022
Opendoor has been fined millions for their claims of "more accurate offers and lower costs." The FTC says the opposite is true. The post FTC nails Opendoor with $62M fine for misleading consumers appeared first on The American Genius Real Estate.
Keeping Current Matters
AUGUST 3, 2022
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this.
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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.
Housing Wire
AUGUST 3, 2022
Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends. The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GS
Eye on Housing
AUGUST 2, 2022
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%. Both rental and homeowner vacancy rates are hovering near historical lows, reflecting tight housing.
GeekEstate
JULY 31, 2022
In this week’s founder interview, we’re bringing you Will Dunn from Gravy. Without further ado…. Who are you and what do you do? I am the co-founder and Chief Growth Officer at Gravy, a mobile app that helps renters save money and buy their first home sooner. I focus on our strategic roadmap and identifying new ways that we can help aspiring homeowners succeed.
Keeping Current Matters
AUGUST 1, 2022
Buying a home is a major life decision.
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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.
Housing Wire
AUGUST 3, 2022
New American Funding has laid off hundreds of employees across multiple rounds of workforce reductions this year, multiple former employees told HousingWire. The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said.
Eye on Housing
AUGUST 1, 2022
As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% to a seasonally adjusted annual rate (SAAR) of $923.7 billion in June, according to NAHB’s analysis of the Census Construction Spending data. It was the first decline since May 2020. On a year-over-year basis, total private construction spending was 15.6% higher.
GeekEstate Agents & Brokers
AUGUST 2, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: CubiCasa]. Floorplans are a very attractive listing feature for capturing potential leads. Utilizing mobile-scan technology to provide real estate agents and appraisers with an intuitive, easy way to generate a home’s floor plan, CubiCasa allows users to create the floorplan by scanning their home through their phone’s camera.
Maximum Exposure Real Estate
AUGUST 3, 2022
Another way of asking when can sellers keep earnest money is how can a buyer forfeit it. When buying a home, the vast majority of the time you will be required to put up earnest money or good faith deposit. The typical earnest money amount is between one to five percent of the purchase price. […]. The post When Can a Seller Keep Earnest Money Deposits in Real Estate appeared first on Maximum Real Estate Exposure.
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.
Housing Wire
AUGUST 5, 2022
Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level.
Eye on Housing
AUGUST 5, 2022
Job growth accelerated in July amid higher inflation and growing economic pressures. Total nonfarm payroll employment increased by 528,000, and the unemployment rate edged down to 3.5% in July. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In July, residential construction gained 14,100 jobs, and non-residential construction added 18,300 jobs.
HomeLight
AUGUST 4, 2022
Accepting a good offer on your home from the right buyer should be celebrated. But if you’ve sold your home before you’ve found a new one – or maybe your new one isn’t ready, or perhaps you want to stay put until the end of the school year – you may not be ready to pop the champagne cork. Don’t panic. You have options, such as a rent-back agreement, aka, a lease-back deal, that would allow you to stay in the home you just sold a bit longer to give you time to find a new place, to wait for the ne
Coldwell Banker
AUGUST 5, 2022
Extra, extra! Read the top 10 news items that ran in July about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – July 2022 appeared first on Coldwell Banker Blue Matter.
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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.
Housing Wire
AUGUST 5, 2022
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation.
Eye on Housing
AUGUST 5, 2022
Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building. The latest Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) data show that the pandemic housing boom brought this trend to a halt, with adults ages 35-64 now registering higher headship rates than they.
Sotheby's International Real Estate
AUGUST 5, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Rye, New York | Christy Murphy, Julia B. Fee Sotheby’s International Realty . The historic home where Audrey Hepburn’s Sabrina lived most of her life dreaming up a whole new world with the Larrabees’ is now on sale for $11 million. Mansion where iconic Audrey Hepburn played ‘Sabrina’ lists for $11M – New York Post.
The American Genius for Real Estate
AUGUST 3, 2022
This app allows users to upload photos, videos, music and create a snappy-looking product in minutes - and they have templates for real estate. The post Stuck trying to create videos for social media? Try these templates 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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