Housing Wire

MARCH 30, 2021

Home prices continued their acceleration in January according to the S&P Corelogic Case-Shiller National Home Price Index, jumping 11.2% year over year, the highest gain in nearly 15 years. The Tuesday report also revealed an 11.1% year-over-year gain in January for the 20-city price index, up from 10.2% the previous month. Overall, prices rose month over month in 19 of the 20 cities tracked, with Cleveland being the only city to see prices drop.

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Keeping Current Matters

MARCH 29, 2021

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply a

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Marketing Sales As-is Mortgages 315

RIS Media

APRIL 1, 2021

Are you considering renting a U-Haul truck for an upcoming move? Whether you need to move you and your family across the state, or you’ve just got some building materials for an up-and-coming product you need to move, you’re probably going to need to rent a truck. Your first choice may be a U-Haul rental, but do you know all you should know about this rental company before you go ahead and trust them with your money and your goods?

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Homes.com

APRIL 2, 2021

Learn about the best U.S suburbs to move to in 2021 based on a variety of factors such as average home price, education scores, and more! The post The Best U.S. Suburbs to Move to in 2021 appeared first on Homes.com.

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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

APRIL 2, 2021

Should you or shouldn’t you downsize? If you’re a homeowner , this is a question you’ll inevitably ask yourself. While owning a home is exciting, it comes with a great deal of responsibility. If your home doesn’t fit your lifestyle anymore, you might want to consider purchasing something smaller – or even renting. Besides cutting costs, downsizing has additional benefits.

Mortgages 542

Mortgages As-is Marketing 542

Keeping Current Matters

MARCH 30, 2021

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac , shares : “ Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.

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Realtor.com

APRIL 1, 2021

Getty Images The meteoric rise in home prices isn’t slowing down. The national median home list price hit $370,000 in March—a new record high, according to a recent realtor.com® report. The increase in prices, a 15.6% increase over last year, is a direct result of the severe shortage of properties on the market just as first-time and trade-up buyers seeking larger homes have flooded the market.

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Sales Mortgages As-is Marketing 136

Housing Wire

MARCH 29, 2021

The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to 4.96%, according to a survey from the Mortgage Bankers Association. Since October, the percentage of portfolio loans in forbearance hovered between 5% and 6%, the longest a percentage range had held since the survey’s beginning as continuous extensions gave homeowners more time to postpone payments.

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Loans Investor Mortgages As-is 518

Keeping Current Matters

APRIL 2, 2021

Some Highlights. With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks.

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Marketing 296

Better Dwelling

MARCH 30, 2021

Greater Toronto new home sales cooled abruptly, as pent-up demand collapsed. BILD GTA and Altus Group data shows a sharp decline in new home sales for February. The drop hit the City the most, especially in the condo apartment segment. While the drop was sharp, total sales for the month were more in line with […]. The post Greater Toronto New Home Sales Fall 34% As Pent-Up Demand Releases appeared first on Better Dwelling.

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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.

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Brownstoner

MARCH 31, 2021

A luxury condo in Cobble Hill has radiated a shrill whistling sound for months, disrupting life in the quiet brownstone nabe with its piercing noise, according to locals. “It’s like fingernails on a blackboard,” said Dorothy Siegel, who lives a block away from the hissing tower. “It hurts your teeth,… Read More > The post Cobble Hill Residents Rattled by ‘Shrieking’ Sounds Emanating From Luxury Tower at LICH Site appeared first on Brownstoner.

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Development 135

Housing Wire

APRIL 2, 2021

After three months of mediocre gains , the U.S. unemployment situation brightened considerably in March. Total nonfarm payroll employment rose by 916,000 and pushed the unemployment rate down to 6%, according to the U.S. Labor Department. Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry.

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Construction Residential Industrial Mortgages 514

Keeping Current Matters

MARCH 31, 2021

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes : “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions, everyone else was a tenant.

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Equity Land As-is Marketing 281

Eye on Housing

APRIL 1, 2021

According to the latest What Home Buyers Really Want*, 60% of home buyers would prefer a newly-built home over an existing home. In other words, all else equal, their first preference would be to purchase a new home. Looking at historical data shows a clear shift in preferences towards new construction in 2020. The share of buyers who would have.

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New Construction Construction 133

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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

Realtor.com

APRIL 1, 2021

Getty Images Ah, the telltale signs of spring: trees in bloom, slightly warmer weather, allergies flaring—and a long list of chores to tackle around the house. Before you pause to savor the sunnier days, it’s important to make sure your home is ready for the season. Here’s what experts say you need to include on your spring home maintenance checklist. 1.

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Housing Wire

MARCH 31, 2021

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Tightened supply was largely responsible for a 10.6% drop in the number of homes in contract from the prior month, according to new data from the National Association of Realtors. The NAR’s pending home sale index managed to fall below 100 in the Northeast (92.3) and West (96.9) in February, while the South and Midwest also experienced declines but managed to st

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Sales Days on market Marketing Mortgages 511

Keeping Current Matters

APRIL 1, 2021

Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago.

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Better Dwelling

MARCH 30, 2021

The Canadian government will not be taxing home equity — at least not under the current administration. Minister Ahmed Hussen, who oversees the country’s housing portfolio, said they will not entertain a tax on home equity, today. This comes after increasing calls from academics, and even banks, to consider doing so. It also comes just […].

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Equity Industrial Banks 126

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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

Realtor.com

APRIL 2, 2021

Getty Images Have a junk drawer that’s starting to overflow into other places? We know the feeling. Fortunately, your home life doesn’t need to be controlled by junk anymore. This installment of “ Decluttering for Dummies ” is all about getting your junk drawer in check, and transforming it from a burial ground for crap into a storage space that’s actually functional.

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Housing Wire

APRIL 1, 2021

The Consumer Financial Protection Bureau (CFPB) is warning servicers that it is ramping up enforcement and will be specifically watching how servicers manage borrowers coming out of forbearance. In a Thursday compliance bulletin, the CFPB said it will monitor how servicers work to prevent a wave of foreclosures from occurring this fall. “Unprepared is unacceptable,” the Bureau said.

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Mortgages Loans Closing As-is 476

Sotheby's International Real Estate

MARCH 27, 2021

Equipped with lighting, entertainment, and climate control systems manageable from anywhere in the world, these compelling homes set high—and high-tech—standards for luxurious 21st-century living. Modern Luxury in the Heart of the Hamptons. Southampton, New York | Sharon Stern, Sotheby’s International Realty – Bridgehampton Brokerage. This home’s charming façade belies its impressively modern interiors, which are flooded with light from abundant oversized windows and glass doors.

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Brokerage Technology 125

HomeLight

MARCH 31, 2021

Maybe you’re moving into your first apartment and building a furniture collection from scratch. Or perhaps you’ve just moved and realized your existing furniture clashes with your new place. You want your rooms to feel complete and stylish, but the cost of couches, loveseats, bed frames, rugs, coffee tables, and endless other furnishings that make a space homey add up quick.

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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

Realtor.com

MARCH 31, 2021

Getty Images We’ve come a long way since last spring, when COVID-19 forced open houses to shut down and home tours to be canceled in favor of video viewings. Still, the pandemic does rage on. And some of us are still uncomfortable touring homes right now. Or maybe we just want to get a first peek over video before stepping foot in a stranger’s house.

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Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score.

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The Mortgage Report

MARCH 27, 2021

Today’s mortgage and refinance rates Average mortgage rates rose yesterday. It was the first increase in more than a week. And it barely made a dent in those recent falls. […].

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Mortgages 121

HomeLight

MARCH 31, 2021

Those of us of a certain age know that tropical interior design is not a new notion (remember when The Golden Girls’ Miami Beach home was everything? ). However, like all trends that come and go, today’s iteration of tropical modernism has a fresh spin. Derived from modernism , the modern tropical decor movement takes cues from homes in humid tropical climates designed for indoor-outdoor living.

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Design Staging Land As-is 122

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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

Realtor.com

APRIL 1, 2021

Matt Perry It’s neither the acreage nor the seemingly reasonable price of $139,990 that stand out at this Florida listing. It’s the spirits. “I’d have to say this is one of the more unique ones that I’ve ever seen,” says the listing agent, Matt Perry. “It doesn’t get much weirder than this one.”. He’s tasked to sell the spooky property at 313 N.W.

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Housing Wire

MARCH 31, 2021

Mortgage applications decreased for the fourth straight week – this time down 2.2%, according to the latest report from the Mortgage Bankers Association. The 30-year fixed rate also dropped, reported at 3.33% after seven weeks of increases – but it’s still almost half a percentage point higher than the beginning of 2021. Purchase activity is up 6% year-over-year, with the unadjusted purchase index 39% higher than the same week one year ago.

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Realty Biz

MARCH 29, 2021

In 2020, ATTOM Data Solutions identified that flipping houses consisted of over 7% of home sales in the United States housing market. House flipping indicates that buyers strongly believe they can earn without prior information in the real estate sector. Though the media has been at the forefront to spread real estate information, the bottom line is you need the right personality and resources to make money without engaging in long-term rental property.

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Eye on Housing

APRIL 2, 2021

Total payroll employment rose by 916,000 and the unemployment rate declined to 6.0% in March. The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs. Currently, employment in residential construction surpassed the level in February 2020, while only 64% of.

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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