Housing Wire
FEBRUARY 12, 2021
Fannie Mae, the largest mortgage financier in the U.S., said Friday that its net income in the fourth quarter of 2020 checked in at $4.6 billion – up 8% from the third quarter. The government-sponsored entity’s total net income for the full year was $11.8 billion, and executives on Friday’s earnings call spoke enthusiastically about an eventual exit from forbearance.
Keeping Current Matters
FEBRUARY 9, 2021
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited.
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Realtor.com
FEBRUARY 11, 2021
marchmeena29/Getty Images It’s a big question with no easy answer: Should you keep renting, or is it time to think about buying a home? One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. But that doesn’t mean buying is always the best choice—as a renter, you enjoy more flexibility and avoid many of the costs that come with homeownership.
Better Dwelling
FEBRUARY 9, 2021
Greater Toronto real estate entered another cheap credit fueled buying frenzy. Toronto Regional Real Estate Board (TRREB) data shows home prices made a sharp increase in January. The market frenzy wasn’t evenly distributed though, with the suburbs outperforming the city. Detached real estate also saw most gains, making astronomical price increases.
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Housing Wire
FEBRUARY 8, 2021
Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7. Though it’s undoubtedly a positive sign, the HPSI has yet to recover to pre-pandemic levels and is still down 15.3 points year over year.
Keeping Current Matters
FEBRUARY 10, 2021
As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report , the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Realty Biz
FEBRUARY 9, 2021
How to Sell a Home Fast. Do you want to sell your home quickly? There can be many different reasons as to why you would want to sell a home fast. Perhaps you’re in the process of building your own home, and you need the extra funds to cover construction costs, or you’re just desperate to sell the house fast so you can move somewhere else you’ve always wanted to be.
Housing Wire
FEBRUARY 8, 2021
Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call. On Thursday morning, Ishbia, in his characteristic fast-talking bravado, bragged about the wholesaler’s position as the biggest purchase lender in the market, cautioned that they’ve prioritized the long ga
Keeping Current Matters
FEBRUARY 8, 2021
Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their homes their own.
Maximum Exposure Real Estate
FEBRUARY 11, 2021
What is a 55 and Older Retirement Community? Are you looking for a retirement community? A retirement community is a neighborhood built for adults who are at least 55 years of age. However, the age limit is not always set in stone and can be as young as 50 and as old as 60 for […]. The post Retirement Communities: Buying Into a 55 and Over Community appeared first on Massachusetts Real Estate Exposure.
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.
Better Dwelling
FEBRUARY 8, 2021
The majority of Toronto’s real estate investors are looking to cash in. A Toronto Regional Real Estate Board (TRREB) survey, conducted by Ipsos in Fall 2020, shows most investors are looking to sell in the next year. This is a record number considering cashing in on their gains. It’s not just the pandemic though, only […]. The post Over Two-Thirds of Toronto Real Estate Investors Plan On Listing Properties For Sale appeared first on Better Dwelling.
Housing Wire
FEBRUARY 8, 2021
In 2021, a lingering symptom of the economic sickness we suffered in 2020 is forbearance. Not the forbearance plans themselves, which allowed mortgage holders to delay their payments for many months, but the fact that 2.72 million homes remain in forbearance and can therefore be considered at risk. Forbearance will have to end at some point, and when it does, couldn’t all these homes flood the housing market at once, driving prices down and scaring would-be homeowners away from purchasing?
Keeping Current Matters
FEBRUARY 12, 2021
Some Highlights. Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, contact a local real estate professional to get you started on the path to homeownership.
Homes.com
FEBRUARY 7, 2021
If you've got tired or faded dining chair cushions, this DIY tutorial is for you! Update your chair cushions with these easy, step-by-step instructions and say hello to a brand-new space! The post DIY Expert Advice: How to Update Your Chair Cushions appeared first on Homes.com.
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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.
Realtor.com
FEBRUARY 11, 2021
Getty Images Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for their taxes this year — and in years to come. In March, as COVID-19 began to wreak havoc on the job market and caused millions of Americans to lose their jobs as businesses shuttered, federal lawmakers and regulators took the extraordinary step of extending forbearance to mortgage borrowers.
Housing Wire
FEBRUARY 9, 2021
Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 last month, still hovering near levels previously seen in 2014, though it is the third month in the past four that credit availability has picked up as supply eases out.
Keeping Current Matters
FEBRUARY 11, 2021
Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago.
Point2Homes
FEBRUARY 12, 2021
Image: Andy Dean Photography / Shutterstock.com. Do you want to sell your home fast? Most people feel this way when they put their homes on the market. Besides, who wants to go through months of getting the home prepared for a showing and then scrambling out the door with a couple of kids and the dog? Certainly, not many. In fact, the thought of selling a home isn’t something that most people look forward to.
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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.
Eye on Housing
FEBRUARY 11, 2021
An earlier post revealed that 69% of buyers who were actively engaged in the process of finding a home in the final quarter of 2020 have spent upwards of 3 months searching for a home without success. For the first time in this series history, the number one reason long-time searchers haven’t made a home purchase is not because of.
Housing Wire
FEBRUARY 9, 2021
Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to three months, the Federal Housing Finance Agency announced Tuesday. FHFA forbearance plans initially had a 12 month expiration date, however, the government entity is now allowing borrowers up to 15 months of coverage. According to the agency, eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of Feb. 28, 2021.
Maximum Exposure Real Estate
FEBRUARY 8, 2021
The Real Estate Contingency Explained The definition of a contingency is an action or condition that needs to be met for a real estate contract to become legal and binding. Real Estate contingencies become an integral part of most contracts. If you are going to be buying or selling a home, there are real estate […]. The post Real Estate Contingencies You Should Know appeared first on Massachusetts Real Estate Exposure.
Realtor.com
FEBRUARY 11, 2021
courtneyk / Getty Images If you’re hoping to buy a house with your significant other, it can be easy to get caught up in the fun stuff, like deciding the style of home you’d love (Victorian, midcentury modern, Cape Cod?) and finding the perfect neighborhood (downtown or middle of the woods?). Still, don’t be fooled: The home-buying process is riddled with pitfalls, particularly if you haven’t vetted how prepared your partner is for such a financial leap of faith.
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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
FEBRUARY 8, 2021
Founded over a century ago, Architectural Digest magazine is a perennial source of inspiration for home design and décor. To be featured in any manner by the publication signifies achievement. One of the highest accolades? Being named to the prestigious AD100 list, the magazine’s annual selection of the top 100 international designers and architects working today.
Housing Wire
FEBRUARY 10, 2021
Freddie Mac announced Wednesday the creation of new leadership roles in order to address equity in housing in single- and multifamily housing businesses. Pamela Perry. Freddie Mac appointed Pamela Perry as vice president of single-family equitable housing, and Amanda Nunnink as vice president of equity in multifamily housing. Perry will lead a newly formed team responsible for creating solutions to help minority families across the income spectrum achieve homeownership.
Lighter Side of Real Estate
FEBRUARY 12, 2021
Between low interest, fierce competition, and rising home prices, 2020 was a challenge for buyers, but offered serious advantages to sellers—and it looks like that dynamic is continuing into 2021. According to recent data from realtor.com , the number of homes for sale in the US in January 2021 dropped below 600,000—a whopping 43 percent decrease from January 2020 and the lowest number of homes for sale since realtor.com started collecting data in 2012.
Realtor.com
FEBRUARY 12, 2021
Helynn Ospina for The Wall Street Journal Stella Guan spent months searching for a home to buy, getting outbid again and again in the white-hot real-estate market of the Los Angeles suburbs. Finally, her offer on a “beautiful” Santa Clarita house was accepted in August, she said. The graphic designer, 30, paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an unfortunate realization.
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.
GeekEstate
FEBRUARY 9, 2021
This week, we interviewed Galiano Tirami from Boxabl. Without further ado… Who are you and what do you do? My name is Galiano Tirmani and I’m the Co-Founder and Business Development Manager of. Boxabl, a new construction technology company that’s positioned to disrupt the massively outdated, trillion-dollar housing construction market. The Boxabl team has engineered cutting edge, scalable technology that allows a mass scale, automobile-style factory approach to home engineering.
Housing Wire
FEBRUARY 11, 2021
“Big Four” title insurer First American Financial Corp. announced a healthy $7.1 billion in total 2020 revenue in its annual earnings report, released Thursday. That’s a 14% rise year over year, according to officials. Net income was $696.4 million last year, or $6.16 per diluted share, and a pretax impairment of $54.9 million, or 45 cents per diluted share.
The Mortgage Report
FEBRUARY 10, 2021
Is now a good time to buy a house? Low rates will help some first-time buyers, but COVID will hinder others. Here's what you should know.
Realtor.com
FEBRUARY 8, 2021
Discovery+ Joanna and Chip Gaines have seen plenty of home trends come and go, yet in the latest episode of their new show “Fixer Upper: Welcome Home,” they highlight one particular upgrade that, in the words of Chip, is downright “controversial.” In the episode “Planting Roots in Waco,” Chip and Jo are aiming to remodel the home of one of their employees, John , who moved from New York City to Waco, TX, in order to work with this famous couple.
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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