Housing Wire
NOVEMBER 17, 2021
Today, the U.S. Census Bureau reported that housing starts came in as a miss of estimates at 1.52 million for October and housing permits came in at a beat at 1.65 million. Revisions came in negative, but the real story here is that housing is back to its slow construction phase, which isn’t shocking considering where monthly supply is at and the delays in construction that we are all aware of.
Keeping Current Matters
NOVEMBER 18, 2021
Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of the year. Real estate is very similar.
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Eye on Housing
NOVEMBER 17, 2021
The number of single-family built-for-rent (SFBFR) construction starts reached its highest quarterly volume on record during the third quarter of 2021. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure.
Sotheby's International Real Estate
NOVEMBER 18, 2021
Barcelona, Spain | Barcelona & Costa Brava Sotheby’s International Realty. Looking to manifest a little more joy at home? Just add a pop of color. While a neutral palette and soft hues continue to lead the way in contemporary design, maximalist desires are proving to be in demand once again, and that includes the use of bright and bold shades. Whether fully committing to transforming a room with an unexpected tone, or opting to incorporate accents for a little panache, the spaces in these f
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.
Housing Wire
NOVEMBER 18, 2021
Mortgage rates strongly increased above 3% in the week ending November 18, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage hit 3.10%, up 12 basis points from 2.98% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.72%. Sam Khater, Freddie Mac’s chief economist, said the combination of rising inflation and consumer spending is driving mortgage rates higher.
Keeping Current Matters
NOVEMBER 15, 2021
As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle on renting for another year. 1.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Sotheby's International Real Estate
NOVEMBER 13, 2021
Whether in California’s wine country or on the rolling plains outside historic Santa Fe, these welcoming guesthouses allow visiting family and friends to unwind in seclusion and style. Houston Hacienda. Houston, Texas | Ann Singleton, Martha Turner Sotheby’s International Realty . Beneath mature shady trees on 1.29 acres in the coveted Broadacres area of Houston, this Spanish-style hacienda is filled with elegant Old World character, from cypress ceiling beams to vintage terra cotta tile.
Housing Wire
NOVEMBER 15, 2021
Real estate investors spent a record $63.6 billion to purchase homes in the third quarter, up 78% from a year earlier, with an intense housing shortage fueling their returns, according to a Redfin report published on Monday. In total, investors acquired 90,215 homes in the third quarter, an 80.2% increase year-over-year. Redfin defines an investor as any institution or business that purchases residential real estate.
Keeping Current Matters
NOVEMBER 16, 2021
Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you. Today’s buyers are still dealing with a limited number of homes for sale.
Maximum Exposure Real Estate
NOVEMBER 15, 2021
What Does Escrow Mean? You could encounter the word “escrow” quite often when you are buying a home. It can mean different things during the buying process and once you own the property. Knowing what it means and how it will affect you, is something you should know before buying a home. It is extremely […]. The post The Meaning of Escrow and How it Works in a Real Estate Transaction appeared first on Massachusetts Real Estate Exposure.
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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.
Sotheby's International Real Estate
NOVEMBER 16, 2021
Tucked among the towering grandfather trees of Houston’s Stablewood—a luxurious gated community established in the 1990s—this three-bedroom, 20,122-square-foot residence is a veritable palazzo replete with eye-catching bespoke design elements and details. Contributing to its unique ambience are hand-distressed walnut floors, plaster walls, hand-applied gold leaf accents, Renaissance-inspired painted ceiling beams, chic wall treatments, elaborate ironwork, antique chandeliers, stained and jeweled
Housing Wire
NOVEMBER 16, 2021
Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. However, on a month-to-month basis, activity was actually 6% higher in October than in the month prior. The strong monthly gain puts MBA’s estimate of new home sales at its strongest pace since January 2021, the report said.
Keeping Current Matters
NOVEMBER 17, 2021
The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis , 2021 saw a retirement boom : “At least 1.7 million more older workers than expected retired due to the pandemic recession.”.
Eye on Housing
NOVEMBER 15, 2021
Friday’s post described how, in the construction industry, job layoffs have plunged while unfilled job positions remain elevated (according to the government’s latest Job Openings and Labor Turnover report). If more evidence of a severe supply chain challenge is needed, the record percentages of NAHB members reporting labor shortages in recent surveys can provide it.
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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.
Coldwell Banker
NOVEMBER 17, 2021
Latest Coldwell Banker survey reveals Americans are prioritizing homeownership. The post Americans are Prioritizing Homeownership Over Other Luxuries appeared first on Coldwell Banker Blue Matter.
Housing Wire
NOVEMBER 19, 2021
The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The cabinet-level federal agency, which backs mortgage loans for veterans, said the move was in response to “unprecedented demand for appraisal services” in some markets.
Keeping Current Matters
NOVEMBER 19, 2021
Some Highlights. When it comes to buying a home , there are a number of key milestones along the way. The process includes everything from building your team and understanding your finances to going house hunting , making an offer , and more. When you’re ready to start your journey , partner with a professional so you have trusted guidance at every milestone in the process.
Eye on Housing
NOVEMBER 18, 2021
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2 to 4 unit properties) has shown weakness. For the third quarter of 2021, there were only 2,000 starts of such residences.
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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.
Lighter Side of Real Estate
NOVEMBER 17, 2021
Building good credit is a key element in preparing to buy a home. But there are a lot of misconceptions out there around credit scores, how they work, and how to build and maintain a good one—misconceptions that could actually hurt your credit and make it harder to buy a home. So what, exactly, are those misconceptions? A recent article from realtor.com outlined some of the most common myths around building credit, including: Myth #1: You should close your credit cards once you pay them off.
Housing Wire
NOVEMBER 15, 2021
Vishal Garg, founder and CEO, Better.com. Better.com is struggling to deal with the waning influence of refis in the mortgage market, with preliminary results published by their SPAC partner revealing that the digital lender expects a net loss between $85 million and $100 million in the third quarter. And the forecast looks even worse for the fourth quarter, documents show.
Keeping Current Matters
NOVEMBER 13, 2021
The post The 3 Keys to Better Email Marketing [LIVE WEBINAR] appeared first on Keeping Current Matters.
Eye on Housing
NOVEMBER 19, 2021
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building matched the best quarter for construction starts since the spring of 2008 during the third quarter of 2021. There were 56,000 total custom building starts during the third quarter of the year. This marks a 5.7% gain from the third quarter of.
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.
Realty Biz
NOVEMBER 16, 2021
Investors have been throwing record-breaking amounts of cash into real estate, spending $63.6 billion on U.S. homes in the third quarter – up 78% from a year ago, according to a new Redfin study published this week. The report found investors bought a combined 90,215 homes in Q3, up 80.2% from the same period one year ago. Under Redfin’s definition, an investor is any institution or business that purchases residential homes.
Housing Wire
NOVEMBER 16, 2021
Alessandro P. DiNello, president and CEO of president at F lagstar Bancorp. Flagstar Bancorp. has been on a tear in 2021 when it comes to pursuing private-label securitizations, with 13 deals backed by some 22,000 home loans valued at $8 billion now under its belt through mid-November of this year. A pending merger with a New York bank boasting $58 billion in assets, once finalized, promises to further bolster Flagstar’s activity in the private-label space in the year ahead.
Better Dwelling
NOVEMBER 16, 2021
Canadian real estate prices are soaring due to demand, but how much of it is excess? That’s a question BMO tackled in its latest research note, looking at home sale dollar volumes. The bank estimates excess demand driven by the central bank is now the size of 6 points of gross domestic product (GDP). Remember, […]. The post Canada Goes All-In On Real Estate With “Excess” Home Sales Hitting 6% of GDP: BMO appeared first on Better Dwelling.
Eye on Housing
NOVEMBER 19, 2021
In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C). This result reverses a general downward trend that had prevailed since the third quarter of last year. In the third quarter of 2021, the average effective rate (based on rate of return to the.
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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.
Fancy Pants Homes
NOVEMBER 19, 2021
A sprawling mansion — with a touch of magic — located in Golden Oak, the upscale residential community in Walt Disney World, has recently hit the market. Listed for sale by Pittsburgh Steelers Co-Owner Robert Citrone, the $8.5 million property is looking for a new owner to enjoy both its spectacular features and its prime location in the Most Magical Place on Earth.
Housing Wire
NOVEMBER 17, 2021
Refinance mortgage loan applications dipped 31% year-to-year on the week ending Nov. 12, according to a survey published by the Mortgage Bankers Association (MBA) on Wednesday. The refi volume decreased 5% compared to the previous week. Meanwhile, applications to purchase a new home declined 6% in one year. However, they were up 2% in comparison to the previous week.
Realty Biz
NOVEMBER 18, 2021
You may think that, when you buy a house, the only important thing is the house itself. While the house will play the biggest role, a good estate agent can help you find the perfect house. If you want to sell your house, a good estate agent can also be the difference between your house selling quickly or staying on the market for months. You can probably see that a good real estate agent is important for anyone wanting to buy, rent, or sell a house, but the problem is that you may not know what
Sotheby's International Real Estate
NOVEMBER 17, 2021
Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ??. Curacao | Ray Seijs, Curacao Sotheby’s International Realty. Located on the tip of the Bottelier, offering scenic views over the Jan Thiel salt pans, suburb and hills, is this modern villa. The 275-square-meter, three-story property of four bedrooms, three-and-one-half bathrooms is built on a 970-square-meter inclined lot.
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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