Housing Wire

JUNE 1, 2022

Mortgage apps dropped 2.3% for the week ending May 27, decreasing to the lowest level since December 2018, as measured by the Mortgage Bankers Association ’s (MBA) Market Composite Index. “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting.

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Eye on Housing

MAY 31, 2022

National home prices grew at an unsustainable pace in March, reaching an all-time high. This indicates that the imbalanced market with strong demand and record-low inventory continued to put upward pressures on home prices. However, keep in mind this is a backward-looking reading. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

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The Close

JUNE 1, 2022

We collected the best real estate agent tips from hundreds of top-producing agents and coaches that we’ve worked with over the years. We’ve included links to 17 in-depth articles to help you learn more about each of these real estate agent tips from Rolls Royce driving, private jet flying, all-around real estate ballers. Believe it or not, we’re living in the golden age of self-made millionaires.

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Keeping Current Matters

JUNE 3, 2022

Some Highlights. It’s important to understand history proves an economic slowdown does not equal a housing crisis. In 4 of the last 6 recessions, home prices actually appreciated. Home prices only fell twice – minimally in the early 90s and then by nearly 20% during the housing crash in 2008. If you have questions, connect with a real estate professional to discuss why today’s housing market is nothing like 2008.

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Marketing 282

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

JUNE 3, 2022

Some Americans believed we entered a recession at the start of 2022; however, the jobs report for May came in at 390,000, dashing any hopes that this was the case and starting their weekend on a foul note. We did have some minor negative revisions to the prior reports, but the 10-year yield stayed firm after the announcement at 2.95%, with no real movement.

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GeekEstate

JUNE 1, 2022

There’s no denying that the COVID-19 pandemic changed the world as we know it, and while we’re certainly returning to some sense of normalcy, there are a few trends that emerged that are likely here to stay. In the property management industry, virtual property tours are one of tools that increased in popularity during the pandemic , and are likely to continue into the future.

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Keeping Current Matters

JUNE 1, 2022

In today’s housing market, many are beginning to wonder if we’re returning to the riskier lending habits and borrowing options that led to the housing crash 15 years ago.

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Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Jobs Report released on Friday. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% higher than its pre-pandemic level.

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Sotheby's International Real Estate

MAY 31, 2022

Taking its name from the Italian city known as the birthplace of the Renaissance—with iconic art and architectural landmarks serving as reminders of that illustrious history—this majestic estate on 9.85 acres in Los Angeles lives up to its namesake with its eye-catching style, abundant Old World elements, and a dedication to luxury and refinement. The compound encompasses a magnificent main palazzo, a grand motor court with manicured hedges and a classical fountain, multiple expanses of lush eme

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HomeLight

MAY 31, 2022

Of all of the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. If you’re planning to sell your home and want to understand where to invest your time, energy, and money in remodeling projects that will increase value , you need to take a hard look at your flooring. “Besides the basics like your roof and mechanical things, flooring is the next most important factor that influences how buyers feel about your home.

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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

Keeping Current Matters

JUNE 2, 2022

June is National Homeownership Month, and it’s the perfect time to reflect on how impactful owning a home can truly be.

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Housing Wire

JUNE 2, 2022

We are coming off a tumultuous two years of growth in the U.S. housing market. And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Interest rates are rising, affordability is a challenge, and geopolitical conflicts impact global supply markets.

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Maximum Exposure Real Estate

MAY 31, 2022

How Many Square Feet Are in an Acre? Two questions real estate agents often get are how many square feet are in an acre and how big is an acre. You will get in-depth answers to both questions. A lot of people don’t know how big an acre is. Potential buyers will often ask how […]. The post How Big is an Acre: Square Feet in Acres of Land Explained appeared first on Maximum Real Estate Exposure.

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Eye on Housing

JUNE 1, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000). The housing market remains underbuilt and requires additional labor, lots and lumber and.

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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

Keeping Current Matters

MAY 31, 2022

If you’re thinking of buying or selling a house, you’re at an exciting decision point.

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Marketing 252

Housing Wire

JUNE 2, 2022

Purchase mortgage rates this week averaged 5.09%, essentially flat from the prior week, according to the latest Freddie Mac PMMS. A year ago at this time, 30-year fixed rate purchase rates were at 2.99%. The government-sponsored enterprise index accounts solely for purchase mortgages reported by lenders during the past three days. “Mortgage rates continued to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater,

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HomeLight

MAY 31, 2022

In recent years, we’ve experienced a seller’s market – and many homeowners have been eager to take advantage of the situation. During the pandemic years, plunging interest rates were counter-balanced by rising home sales. That balance is shifting. According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new home sales fell 16.6% from March 2022 to April 2022, a nearly 27% drop from a year ago.

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Marco Santarelli

MAY 30, 2022

Check out the latest housing trends if you're unsure whether it is a good time to buy a house. The average 30-year fixed mortgage rate surpassed 5% in April, a few percentage points higher than the historically low levels of 2021. As a buyer, you do not want to hear this because lower interest rates make home loans more affordable. According to the Mortgage Bankers Association, mortgage credit availability was 30 percent lower in March of this year than prior to the coronavirus pandemic.

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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

Coldwell Banker

JUNE 1, 2022

We all want to spend as much time as we can outside during the summer months. There’s nothing quite like a relaxing summer day in the backyard with friends, hosting a barbeque or enjoying an evening under the stars around the firepit. Summer is made for chilling and breathing in the fresh air and just […]. The post Make the Most of Your Outdoor Space appeared first on Coldwell Banker Blue Matter.

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Housing Wire

JUNE 2, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami answers questions from our HW+ member community. One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. As a member of HW+, you get access to 30-minute Slack Q&As , where we invite the HW Media newsroom to break down the hottest topics in the industry.

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Eye on Housing

JUNE 2, 2022

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau, suggest continued improvement for the multifamily sector in the fourth quarter of 2021 due to strong demand and low vacancy rates. However, the decline in the number of apartment and condominium completions in the fourth quarter of 2021 may reflect the ongoing supply chain challenges.

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Marketing 122

GeekEstate

MAY 31, 2022

This week, we interviewed Dan Simpkins from Dwellwell Analytics. Let’s get to it! Who are you and what do you do? My name is Dan Simpkins. I’m a technologist who holds more than 20 U.S. patents, and I’m a serial entrepreneur with more than two decades of startup success. Today, I’m the CEO and Co-Founder of Dwellwell Analytics, Inc., which has developed property technology (“proptech”) that transforms residential maintenance from reactive to proactive, using data and analytics.

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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

The American Genius for Real Estate

JUNE 2, 2022

(BROKERAGE) If you’re a real estate professional looking to take a familial client under your wing, are you legally obligated to disclose your relation? The post Do agents have to disclose if they have friends and family as clients? appeared first on The American Genius Real Estate.

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Housing Wire

JUNE 1, 2022

2022 HousingWire Rising Star Morgan Salama, pictured above, is portrayed on the cover of the June HousingWire Magazine issue. Photo credit: Chris Plavidal. Strategy is the foundational element in building the future of the housing sector. And, if strategy is the foundation, we’d say that Morgan Salama is one of the key people building that foundation.

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HomeLight

MAY 31, 2022

Did you know that lighting can play a big part in how we think and feel throughout the day? When exposed to natural light, we become more creative and tend to be in a good mood. Sunlight also improves our cognitive performance and regulates our circadian rhythm , which is excellent for productivity in the office and at home. Given these benefits, you may be wondering whether a skylight increases the value of your home.

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Eye on Housing

JUNE 1, 2022

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in April after an increase of 0.7% in March 2022. Spending stood at a seasonally adjusted annual rate of $891.5 billion. Total private residential construction spending was 18.4% higher than a year ago. These monthly gains are attributed to the strong growth of spending.

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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

Sotheby's International Real Estate

JUNE 2, 2022

??. Acclaimed chef Ned Bell spent parts of his childhood on the rugged coasts of Vancouver Island in British Columbia, instilling in him a taste of the sea’s diverse delicacies—and an appreciation for its delicateness. Sourcing seafood wisely and creatively has never been more important, and is the focus of his bestselling cookbook Lure: Sustainable Seafood Recipes From the West Coast.

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Housing Wire

JUNE 3, 2022

Top-10 residential lender and servicer Mr. Cooper has cut another 420 jobs, the second major layoff it has made this year. In a disclosure made public Thursday afternoon, the company said the cuts amounted to 5% of its employee base. Most of the job losses will hit the originations side of the business. About 16% of the staff losses will affect California staffers, and will take effect in July.

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Coldwell Banker

JUNE 2, 2022

When the weather heats up, it’s the perfect time to whip up light and refreshing salads. From fruit to pasta to all those fresh, leafy varieties – there’s no limits to what you can toss and serve this summer. Here are just a few delicious and inspiring salad ideas. Keep it Fresh and Fruity There’s […]. The post Beat the Heat with Summer Salads appeared first on Coldwell Banker Blue Matter.

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The Close

JUNE 2, 2022

One of the first things new agents and buyers realize is that awful real estate pictures are everywhere. There’s just something about the combination of real estate agent + homeowner + camera that leads to an artistic disaster. That’s why we reached out to some of our favorite agents and friends to gather the worst of the worst real estate listing photos for your viewing “enjoyment.

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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