Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently.

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Days on market Loans Mortgages Sales 538

Keeping Current Matters

JANUARY 11, 2022

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more.

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Marketing 302

RIS Media

JANUARY 13, 2022

Foreclosure filings were down 29% from 2020 and down 95% from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005, according ATTOM’s Year-End 2021 U.S. Foreclosure Market Report, released this week. The filings, which include default notices, scheduled auctions and bank repossessions, were reported on 151,153 U.S. properties in 2021, and represented 0.11% of all U.S. housing units, down from 0.16% in 2020 and down from a peak of 2.23% in 2010. 2021 Year-End His

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Equity Banks Mortgages As-is 119

Eye on Housing

JANUARY 14, 2022

The prices of goods used in residential construction ex-energy climbed 1.5% in December (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index was driven higher by large price increases for wood products. Building materials prices increased 15.9% in 2021 and have risen 18.6% since December 2020.

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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

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Keeping Current Matters

JANUARY 13, 2022

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021.

Marketing 304

Marketing 304

RIS Media

JANUARY 12, 2022

When it comes to leveraging social media to drum up business in the new year, providing content that educates your audience on real estate is a great way to promote and build trust in your brand. With access to market data and other valuable information, agents can build a winning digital marketing strategy to package and present their educational content on social media.

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Housing Wire

JANUARY 11, 2022

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

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Mortgages Loans Equity Closing 531

Keeping Current Matters

JANUARY 14, 2022

Some Highlights. If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your home won’t be on the market long.

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Agents Sales Marketing 290

Sotheby's International Real Estate

JANUARY 11, 2022

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of roll

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Land 140

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Better Dwelling

JANUARY 13, 2022

America’s largest bank is making a bold call for Canada’s central bank — it will raise rates within days. JP Morgan (JPM) economist Silvana Dimino shared their forecast for Canadian interest rates. JPM sees the Bank of Canada (BoC) hiking the overnight rate five times in 2022, sending it 500% higher. Most surprising is how […]. The post The Bank of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan appeared first on Better Dwelling.

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Banks 139

Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.

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Fixed-rate mortgage Mortgages Loans Closing 505

Keeping Current Matters

JANUARY 12, 2022

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market.

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Marketing 281

HomeLight

JANUARY 10, 2022

Sustainable interior design isn’t just about environmental impact. It’s about creating a home environment that holistically supports its residents, their communities, and indeed the larger global community. That might sound like a tall order for a set of home design choices, but experts underscore the wide-ranging impacts of the undertaking. If it all sounds daunting — and expensive — consider that sustainable interior design is scalable for all budgets and ambitions.

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Design Residential Agents As-is 139

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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

Better Dwelling

JANUARY 12, 2022

Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]. The post Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank appeared first on Better Dwelling.

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Banks Mortgages 139

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lendin

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Equity Purchase and sale agreement Loan Officer Lending 488

Keeping Current Matters

JANUARY 10, 2022

If you’re on the fence about whether or not you want to sell your house this year, there’s good news.

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Sotheby's International Real Estate

JANUARY 8, 2022

With specially chosen lighting, top-tier sound systems, and comfortable oversized seats, these home theaters make private viewing a pleasure. Classical Luxury in Los Angeles. Los Angeles, California | Tracey D. Clarke & John Giddins, Sotheby’s International Realty – Sunset Strip Brokerage. Traditional in style and filled with natural light, this wonderful 5,580-square-foot home is secluded at the end of a long gated drive on 1.14 parklike acres.

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Brokerage 138

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Better Dwelling

JANUARY 11, 2022

Canada’s central bank quietly updated its real estate affordability index. It wasn’t good news. The Housing Affordability Index (HAI) made a big jump in Q3 2021. Maintained by the Bank of Canada (BOC), the HAI shows the share of income required to service a mortgage on a home. Low rates are no longer helping affordability, […]. The post Bank of Canada Quietly Updates Real Estate Affordability Data To The Worst In 13 Years appeared first on Better Dwelling.

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Banks Mortgages 139

Housing Wire

JANUARY 13, 2022

This article is part of our Housing 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the top predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Fixed-rate mortgage Closing As-is Loans 488

Realtor.com

JANUARY 10, 2022

Getty Images Since the COVID-19 pandemic began, the American dream of homeownership has felt more and more out of reach for many first-time buyers experiencing sticker shock over the high—and still rising—prices. Many believe they have better odds at winning Mega Millions than having their umpteenth bid accepted on a move-in ready home in a desirable location.

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Construction New Construction Branding Sales 131

Eye on Housing

JANUARY 10, 2022

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. Last Friday, the Bureau of Labor Statistics (BLS) reported that the unemployment rate declined to 3.9% in December, the lowest rate since the pandemic. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector.

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Residential Construction Marketing 126

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

Sotheby's International Real Estate

JANUARY 12, 2022

Luxurious contemporary living where the sky meets the sea epitomises this 16th level single level penthouse, the only penthouse in the newly completed Main Beach boutique high-rise, Cerulean. ?. Queensland, Australia | Kim Sharpe, Queensland Sotheby’s International Realty . As the internal lift doors open to reveal magical indoor and outdoor living with vistas to the coastal landscape and seashore, it is clear the north-oriented penthouse is bespoke, well-considered and designed in harmony

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Design As-is 118

Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HousingWire: What are some unexpected things that can delay a home closing? Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing.

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Closing Loans Inspection Technology 507

Realtor.com

JANUARY 11, 2022

Getty Images If you’ve ever moved out of a home, then you know how hard it can be to leave the space you’ve grown to love. You might even have become very attached to the glass-front kitchen cabinets, that entryway built-in, or your favorite tree in the backyard over the years. But traditionally, these are items that are firmly rooted (pun intended) in the home and stay behind for the next owner to enjoy.

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Agents Sales As-is 124

Eye on Housing

JANUARY 12, 2022

Led by higher prices for shelter and used vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982. However, energy prices fell in December, ending a long series of increases. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to.

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Agents

Realty Biz

JANUARY 10, 2022

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from James in TX: Hello Brian, my brother and I inherited a 40-acre piece of property recently. It’s a flat piece of property less than a mile outside of a small town with a population of about 12,000 people.

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Housing Wire

JANUARY 12, 2022

Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index, the MBA said. Per the report, the unadjusted purchase index increased 51% compared to the previous week but was 17% lower than the same week one year ago.

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Loans Fixed-rate mortgage Mortgages VA loan 468

Realtor.com

JANUARY 13, 2022

HGTV Jenny and Dave Marrs , the hosts of “Fixer to Fabulous,” meet plenty of homeowners who do some upgrades around the house, but their latest clients want to move—to their garage. In the Season 3 episode “New Tudor Home for a Newborn,” Jenny and Dave meet Brook and Aaron Smith , who own a 1971 Tudor–style home in Rodgers, AR.

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Renovation Design Branding As-is 119

HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. How long does closing take from here? Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

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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