Housing Wire

NOVEMBER 25, 2020

The average U.S. mortgage rate for a 30-year fixed loan remained unchanged at 2.72% this week, Freddie Mac said in a report on Thursday – the second week in a row rates have sat at the lowest recorded level in the survey’s near 50-year history. The average fixed rate for a 15-year mortgage also remained unchanged from last week at 2.28%. After another week at the record low, there have now been 18 consecutive weeks when average mortgage rates have been below 3%.

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Keeping Current Matters

NOVEMBER 25, 2020

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match.

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Realtor.com

NOVEMBER 27, 2020

"Home Alone": 20th Century Fox; house: Wikipedia/Creative Commons With the holidays in full swing but COVID-19 keeping many of us at home, it’s a prime opportunity to binge-watch some holiday movies—and one must-watch is “Home Alone,” which turns 30 years old this year. This classic John Hughes film from 1990 stars a young Macaulay Culkin as Kevin McCallister , a precocious 8-year-old accidentally abandoned by his large, chaotic family when they jet off to Paris.

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Realty Biz

NOVEMBER 26, 2020

What to Know About Renting For The First Time. Are you thinking of moving out of your parent’s home and renting your first house or apartment? When you rent your first home, there are things you should know to avoid the pitfalls that could put you at odds with your landlord. Renting a house could involve some things you aren’t aware of, so allow us to give you the knowledge to help you find your ideal home with the minimum stress.

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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

NOVEMBER 25, 2020

The pandemic has shifted the pecking order of the real estate industry’s location-location-location axiom for many homebuyers — high-cost and high-density urban is out, while suburban is back in vogue and rural is experiencing a bit of a revival. Many real estate investors were serendipitously ahead of this shift even before the pandemic started, driven by both affordability and an affinity for overlooked markets.

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Keeping Current Matters

NOVEMBER 27, 2020

Some Highlights. Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher’ by putting your needs first.

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Better Dwelling

NOVEMBER 25, 2020

Greater Toronto real estate is on fire… just not condo apartments, which is seeing a lot of sellers. Toronto Regional Real Estate Board (TRREB) data shows condo apartment prices slid for a fifth month in October. Condo sales are fairly in line with last year’s numbers, except in the city. However, inventory has more than […]. The post Toronto Condo Prices Down Over $20k From Peak, As Inventory Doubles appeared first on Better Dwelling.

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Housing Wire

NOVEMBER 24, 2020

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5% increase from 2020’s limit of $510,400 and marks the fifth consecutive year of increases from the FHFA. In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250.

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Keeping Current Matters

NOVEMBER 23, 2020

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we approach the end of the year, but that could be a big mistake for many hopeful house hunters.

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Realtor.com

NOVEMBER 27, 2020

comzeal/Getty Images With the coronavirus pandemic likely to stretch into next year, many people are spending more time than ever before in their homes—but some are ready to find a new place altogether. Cue the U-Haul trucks. Nearly half of Americans, 46%, are considering moving within the next year, according to a recent LendingTree survey. The online financial services marketplace based the report on a survey of more than 2,000 participants in September.

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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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Coldwell Banker

NOVEMBER 24, 2020

Storage Solutions to Make Your Dining Room Office Sparkle Through the Holidays. The post The Home Identity Crisis: The Dining Room Office appeared first on Coldwell Banker Blue Matter.

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Housing Wire

NOVEMBER 25, 2020

Sometimes keeping things simple makes the message more clear. I have been consistent in my stance that during the years 2008 to 2019, we had the weakest housing recovery ever. I said that housing starts would never start a year at 1.5 million until we reached the years 2020-2024. Only then would we see enough demand from the new home sales market to warrant that much construction.

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Keeping Current Matters

NOVEMBER 24, 2020

There’s no doubt 2020 has been a challenging year. A global pandemic coupled with an economic recession has caused heartache for many. However, it has also prompted more Americans to reconsider the meaning of “home.” This quest for a place better equipped to fulfill our needs , along with record-low mortgage rates , has skyrocketed the demand for home purchases.

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Realtor.com

NOVEMBER 25, 2020

Marina_Skoropadskaya/Getty Images Curling up by the fire during winter is a dream that anyone can achieve—even those of us who live in a home that doesn’t have a traditional fireplace. If your place was built without a brick hearth, fear not. You can still create that ideal winter scene in your home without breaking down a wall (or breaking the bank).

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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.

Agents

Maximum Exposure Real Estate

NOVEMBER 23, 2020

What to Know About Renting a Storage Unit Are you looking to rent a self-storage unit? Do you want to find out how much it costs to rent a storage unit? There are lots of different reasons why you might need to look at storage unit rentals. Whether it’s to help with your move or […]. The post Renting a Self-Storage Unit: What to Know About Storage Facilities appeared first on Massachusetts Real Estate Exposure.

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Marketing 132

Housing Wire

NOVEMBER 23, 2020

Auction.com ‘s Distressed Market Outlook report for the fourth quarter shows a pick-up in demand for distressed housing, with a 24% increase in completed foreclosure auction volume in September. In addition, the foreclosure sales rate is at a seven-year high, and REO bids-per-asset are at an all-time high. . The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes.

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Keeping Current Matters

NOVEMBER 26, 2020

The post Thank You for Your Support appeared first on Keeping Current Matters.

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Better Dwelling

NOVEMBER 26, 2020

Vancouver is doubling down on the success of its vacant home tax…well, tripling down, technically. The Vancouver Empty Homes Tax (EHT) will be tripled from its original rate for the 2021 assessment year. The tax, which places a penalty on underused homes, was put in place to help encourage more efficient use. Vancouver Empty Homes […]. The post Vancouver To Triple Empty Home Tax To 3% In 2021 appeared first on Better Dwelling.

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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

Realtor.com

NOVEMBER 24, 2020

HGTV Tamara Day of “Bargain Mansions” knows how to breathe new life into cheap, old fixer-uppers—and her latest renovation reveals one upgrade we’d bet most buyers have never seen, or even heard of before. In the Season 2 episode “Race to the Finish,” Day has bought a four-bedroom house in Leawood, KS, for $425,000, and invests $300,000 to fix it up.

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Housing Wire

NOVEMBER 24, 2020

The S&P CoreLogic Case-Shiller index covering home prices of all nine U.S. census divisions rose 7% in September from a year ago, the greatest year-over-year gain since 2014, and nearly 23% higher than its last peak in 2006. The September increase was also greater than the 4.8% uptick reported in August, and represented the largest annual gain since May 2014 as record-low mortgage rates and a lack of inventory continued to put upward pressure on home prices.

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The American Genius for Real Estate

NOVEMBER 24, 2020

(REAL ESTATE BIG DATA) COVID-19 completely changed the trajectory of the housing market, but the promise of a vaccine could pull it back around in another direction. The post How a COVID-19 vaccine could upend the housing market (again) appeared first on The American Genius Real Estate.

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Marketing 126

Afford Anything

NOVEMBER 26, 2020

Welcome back to PSA Thursday, a weekly- ish segment in which we talk about how to handle money, work, and life in the year that is 2020. Today, we’re tackling one of the biggest line-items on your budget: food. According to the Bureau of Labor Statistics , in 2019, Americans spent just over $8,000 on food. If you’re on a tight budget, slashing your grocery bill is one of the easiest ways to spend less.

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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

Realtor.com

NOVEMBER 23, 2020

If moving into a new home wasn’t already a perfect excuse to develop new traditions, settling in during the holiday season is an even perfect-er one. And with the 2020 holiday season shaping up to be, let’s just say, different than any other in recent memory, now is the time to embrace the unknown and find the fun. Who knows? Maybe this is the start of your new favorite winter celebration.

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Housing Wire

NOVEMBER 25, 2020

Sales of new homes rose to an annualized rate of 999,000 in October – 0.3% below September’s 1,002,000 revised rate but still a massive 41.5% higher than the same time last year, according to the Census Bureau and the Department of Housing and Urban Development. With October’s data in, new home sales have had the strongest three-month stretch since mid-2006, with each month falling just short of 1 million.

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Eye on Housing

NOVEMBER 24, 2020

According to NAHB analysis of quarterly Census data, the market share of rental units of total multifamily construction starts remained at 96% during the third quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

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The American Genius for Real Estate

NOVEMBER 25, 2020

(TECH NEWS) AI is changing the course of the real estate industry on a seismic scale. What does that mean for real estate pros? The post Realtors, you should be using AI – here’s how (and how not to) appeared first on The American Genius Real Estate.

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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

Realtor.com

NOVEMBER 23, 2020

GSO Images/Getty Images If there’s one thing to know about reducing waste, it’s that all of us can improve. And what better place to start your sustainability efforts than in the kitchen? Not only is this the place where we’ll be spending a lot of time over the next couple months, but it’s also where—arguably—we produce the most trash as we make meals (or just dump takeout onto plates) and store food.

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Housing Wire

NOVEMBER 23, 2020

As we prepare to enter 2021, our country has lost more than 250,000 people and over 22 million jobs during the 2020 pandemic. Millions of others have suffered from COVID-19 complications, both health and economic related. At the same time, the housing market has shown surprising resilience , with price growth and home sales rising to new heights. How is this possible?

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Eye on Housing

NOVEMBER 23, 2020

NAHB analysis of the Survey of Construction (SOC) shows that 63.2% of all new single-family started in 2019 were built on slab foundations, followed by 22.6% with a full/partial basement and 13.0% with a crawl space. The gap between slab and full/partial basement foundation adoption rates is growing: the share of new homes built on slabs steadily increased from 46.0%.

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Construction 119

The American Genius for Real Estate

NOVEMBER 23, 2020

(REAL ESTATE ASSOCIATIONS) NAR’s new interactive training simulation confronts housing discrimination by putting agents in the shoes of homebuyers. The post How do you react to housing discrimination? Learn from NAR’s new course appeared first on The American Genius Real Estate.

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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