Housing Wire

OCTOBER 13, 2020

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. “The luxury housing market normally takes a hit during recessions as wealthy Americans tighten their purse strings, but this isn’t a normal recession,” Redfin Chief Economist Daryl Fairweather said in

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Keeping Current Matters

OCTOBER 14, 2020

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American , just reported : “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market.

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Eye on Housing

OCTOBER 16, 2020

According to NAHB estimates, the total count of second homes was 7.5 million, accounting for 5.5% of the total housing stock in 2018, the most recent data available. As of 2018, the state with the largest stock of second homes was Florida (1.1 million), accounting for 14.5% of all second homes. South Dakota had the smallest stock, approximately 20,000 second.

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Realty Biz

OCTOBER 13, 2020

What to Know About House Appraisals. A house appraisal can be concerning whether you are buying or selling a home. The licensed appraiser will check the property to work out the fair market value. This can make both buyers and sellers very nervous. Will the appraiser assess the home to be worth what is expected? Will the appraisal come in low? What happens then?

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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

OCTOBER 12, 2020

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. One might think that with all the bad juju circulating the planet lately, people would be extra careful not to bring more misery upon themselves.

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Keeping Current Matters

OCTOBER 12, 2020

There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale by Owner (FSBO) , it’s critical to consider the following: 1.

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Eye on Housing

OCTOBER 15, 2020

After a sharp decline in the spring, home building has staged a dramatic rebound. In fact, supported by low mortgage rates, an evolving geography of housing preferences, and favorable demographic tailwinds, housing demand has improved so quickly that the current difference between the pace of newly-built single-family home sales and for-sale single-family construction starts has reached a historic level.

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Housing Wire

OCTOBER 16, 2020

Our job as mortgage professionals is to help consumers when and how they need us. This is especially important in the current crisis as the behaviors of both consumers and those in the housing industry are changing. Join Jornaya ’s Head of Consumer Finance Mike Eshelman and Chief Marketing Officer Rich Smith as they discuss consumer shopping trends and the impacts on the housing industry.

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Keeping Current Matters

OCTOBER 16, 2020

Some Highlights. With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers. From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you find the perfect home. Reach out to a trusted real estate professional today to be sure you have the guidance you need as the competition for homes heats up this season.

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Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. Everything is pristine and, presumably, will last for a very long time. However, just because a house is new doesn’t mean it’s free of flaws. There are a lot of factors that could make a brand-new home a less than ideal purchase. So, before closing on a new-construction home, here are some things you need to consider. 1.

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Brokerage

Maximum Exposure Real Estate

OCTOBER 12, 2020

What to Know About Renting an Apartment vs. A Home Are you trying to decide between renting a home or an apartment? The choice to either rent an apartment or house can be difficult. On the one hand, renting a house might seem like the ideal type of home, with more rooms and space. But […]. The post Renting a House vs. Renting an Apartment: Which is Best appeared first on Massachusetts Real Estate Exposure.

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Housing Wire

OCTOBER 15, 2020

The average U.S. mortgage rate for a 30-year fixed loan fell to 2.81% this week, the lowest in Freddie Mac’s survey history, the mortgage giant said in a report on Thursday. The rate fell six basis points from the week prior and is now five basis points lower than the original all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.35%, falling from last week’s 2.37% — matching the record set three weeks ago.

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Keeping Current Matters

OCTOBER 13, 2020

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested in purchasing a home over the next 12 months.

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Realtor.com

OCTOBER 15, 2020

Kritchanut/Getty Images As much as we all wish we could go back to a time when social distancing was a foreign concept and masks were just something you wore with a Halloween costume, it’s clear by now that COVID-19 isn’t going anywhere. At least, not anytime soon. One consequence of the pandemic is that our collective concern over cleanliness remains at an all-time high.

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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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Jason Fox

OCTOBER 14, 2020

How to Use Social Data to Launch a Successful Video Marketing Campaign. Companies from every industry are crazy about video marketing. For them, it’s a fun way to engage their audiences and also an effective strategy to boost brand exposure. It’s not just empty rhetoric, it’s a proven fact. Just take a look at these stats by Biteable: video content attracts 300% more traffic and effectively nurtures.

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Housing Wire

OCTOBER 13, 2020

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S. , originated $54.2 billion in closed loans during the third quarter, an 81% increase from the $29.9 billion it originated in Q3 2019 (loan volume was up 31.8% from Q2 2020).

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Keeping Current Matters

OCTOBER 15, 2020

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a pause placed on initiating foreclosures for government-backed loans.

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Realtor.com

OCTOBER 13, 2020

Jirsak / Getty Images If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house? In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance , which will help walk you through what you need to know from beginning to end.

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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

RIS Media

OCTOBER 16, 2020

The Urban Land Institute (ULI) and PwC US recently released its “ Emerging Trends in Real Estate ® 2021 report,” which highlights proprietary data and insights from more than 1,600 leading real estate industry experts, explores how COVID-19 accelerated many existing trends like retail footprint reductions—while it spawned new ones such as an increased focus on social justice and health and wellness—and stopped others in their tracks like the appeal of big cities.

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Housing Wire

OCTOBER 16, 2020

The LGBTQ+ Real Estate Alliance organization announced that it is partnering with the National Fair Housing Alliance (NFHA) and has landed its first corporate sponsor, Engel & V?lkers. The LGBTQ+ Real Estate Alliance, which officially launched on Oct. 1, is an inclusive member-based organization dedicated to enhancing the professional lives of its members while providing consumers with the proper resources to assist in buying and selling their home.

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Eye on Housing

OCTOBER 15, 2020

The National Association of Home Builders’ Remodeling Market Index (RMI) posted a reading of 82 in the third quarter, indicating remodelers’ strong confidence in their markets, for projects of all sizes (Table 1). The strong RMI reading is a reflection of more Americans investing in home remodeling projects as they adapt to the impacts of the coronavirus pandemic.

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Realtor.com

OCTOBER 16, 2020

realtor.com, Kevin C. Cox/Getty Image After buying a Florida mansion a few months ago, the Washington Nationals ace Max Scherzer is now ready to part with his gorgeous Virginia home. His modern mansion with Potomac River views in McLean, VA, is now on the market for $15 million. Scherzer purchased the home in August 2015 for $5.2 million, shortly after signing a seven-year, $210 million contract with the Nationals.

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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

Homes.com

OCTOBER 12, 2020

Homeownership makes many positive social contributions, but the most important may be that it is the predominant way families build wealth. And now, numbers are soaring. The post Why is the Homeownership Rate Soaring? appeared first on Homes.com.

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Housing Wire

OCTOBER 15, 2020

This content is password protected. To view it please enter your password below: Password: The post Protected: Now is a Great Time to Refinance Your Home! Here are 5 Reasons Why appeared first on HousingWire.

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Mortgages 497

Eye on Housing

OCTOBER 14, 2020

Prices paid for goods used in residential construction climbed 1.8% in September (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy (i.e. the “core”)—a less volatile price measure—increased 2.2% over the month.

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Realtor.com

OCTOBER 13, 2020

tbradford/iStock Despite the fake cobwebs and fun, sparkly spiders people love to put up every Halloween, no one seems to like the real thing. Plastic arachnids might bring a smile, but barely glimpsed, eight-legged critters scurrying across your bedsheets evoke entirely different emotions—from annoyance to existential terror. We get it! But while many people are afraid of spiders, the creepy critters are usually a benign presence in your home, and one of the easier pests to get rid of.

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Agents

The American Genius for Real Estate

OCTOBER 13, 2020

(BROKERAGE) It sounds dreamy to open your own brokerage and be your own boss, but when is it TRULY time become a broker? The post How do you know it’s time to become a broker? appeared first on The American Genius Real Estate.

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Brokerage 119

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9 billion valuation.

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Eye on Housing

OCTOBER 16, 2020

About 3 out of every 10 American adults are currently working from home, on a full- or part-time basis. The finding comes from a recent poll of a representative sample of over 17,000 adults conducted for NAHB by Morning Consult. Gen Z’s made up 12% of respondents, Millennials and Gen X’ers were each 26%, and Boomers another 33%. In terms. Read More › The post Most Teleworkers Expect to Continue At Home, Even After COVID Vaccine first appeared on Eye On Housing.

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Realtor.com

OCTOBER 16, 2020

DenisTangneyJr/Getty Images While millennials are seeking out starter homes and baby boomers are hoping to downsize, Generation Z is trying to elbow its way into the frenzied housing market marked by record-low mortgage rates and all-time-high home prices. These predominantly first-time buyers are purchasing property mostly in the nation’s more affordable metropolitan areas that boast much more reasonable home prices than the high-priced coasts, according to a recent LendingTree study.

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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