Housing Wire
JULY 26, 2022
Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic work is to connect the dots or show a pathway to why something could happen.
Realty Biz
JULY 26, 2022
Research shows that the U.S. housing markets are cooling, with more than 25% of sellers slashing their prices this year. Rising interest rates are the main driver behind this downturn. Despite this, some housing markets remain as hot as ever, with home buyers clamoring for real estate in these growing cities. California has vanished from most lists of places to invest in real estate, while the easterly sunbelt states continue to draw the crowds.
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Keeping Current Matters
JULY 28, 2022
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture.
Maximum Exposure Real Estate
JULY 25, 2022
The Definition of a Buyer’s Market In real estate sales, there are essentially three types of markets. There is a buyer’s market, a seller’s market, and a balanced market. The differences between buyers’ and sellers’ markets are like night and day. Real Estate markets go through cycles. The real estate market never stays the same […].
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
JULY 28, 2022
The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.
Brownstoner
JULY 25, 2022
It would be hard to imagine growing up without a public library. No matter if you are in a large city or a small town, the public library has always been a place to discover new worlds. Within the library walls can be found the world we know as well… Read More > The post A Library for All: The Story of Brooklyn’s Central Library, Decades in the Making appeared first on Brownstoner.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
JULY 27, 2022
How much does a Real Estate agent make? It’s a question that gets asked a lot. Not only do potential agents thinking about entering the industry ask it, but consumers as well. There is no secret that real estate is a highly lucrative industry. However, what many people don’t realize it is the upper echelon […]. The post How Much Does a Realtor Make appeared first on Maximum Real Estate Exposure.
Housing Wire
JULY 29, 2022
Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.
GeekEstate
JULY 24, 2022
In this week’s founder interview, we’re bringing you Michael Lucarelli from RentSpree. Without further ado…. Who are you and what do you do? I am the CEO and Co-Founder of RentSpree. My goal is to deliver technology to the underserved long-tail landlord segment of the residential rental market. Though most technology has been geared toward institutional property management companies, around 50% of all rental units are owned by individual investors or ’mom & pop’ landlords.
Keeping Current Matters
JULY 26, 2022
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market.
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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.
Maximum Exposure Real Estate
JULY 24, 2022
The Definition of a Half-Bath When you are looking to buy a home for the first time, you’re likely to see different terms that are confusing. One such term is a 1/2 bath. No, a half bath is not a full bath cut in half. The definition of a half-bath is a small room having […]. The post What is a Half Bath? Types of Bathrooms Explained! appeared first on Maximum Real Estate Exposure.
Housing Wire
JULY 27, 2022
The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this because I’ve raised all but one of my six recession red flags. I need to wait for one more report to officially raise the last flag, but it is certain to happen in August.
Eye on Housing
JULY 25, 2022
The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). The leveled reading suggests that, after shrinking for the past three quarters, the pool of potential home buyers may have stabilized. Part of the reason housing demand has.
Keeping Current Matters
JULY 25, 2022
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year.
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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.
GeekEstate
JULY 25, 2022
Calling all?startups?and?scale-ups?reimagining the?built world: Colliers is partnering with?CREtech to host this year’s Real Estate Tech Awards, an opportunity for innovative companies that are advancing technology across the CRE industry to be recognized. Get your applications in now and meet us on the global innovation stage October 12 – 13 at?
Housing Wire
JULY 29, 2022
A few months ago, the United States housing market failed Econ 101. Table 1, below, reports the 10 hottest U.S. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.
Eye on Housing
JULY 27, 2022
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since early 2008. Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline.
Keeping Current Matters
JULY 27, 2022
There are more homes for sale today than at any time last year.
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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.
HomeLight
JULY 29, 2022
Outdoor spaces, such as patios, have become increasingly attractive to buyers, thanks in part to the rise of more flexible and remote work. In fact, in a Fall 2021 HomeLight survey , agents reported that outdoor space was the third-most-prioritized feature for homebuyers. Moreover, in HomeLight’s Top Agents Insights Report in late 2020 , only 2% of agents interviewed said that patios would see fleeting popularity, showing that in most cases, the answer to the question “Does a patio increase home
Housing Wire
JULY 27, 2022
The Department of Justice and the Consumer Financial Protection Bureau are taking the fight to non-bank mortgage lenders for redlining. The two agencies revealed their new strategy to rein in mortgage discrimination on Wednesday, with a $24.4 million consent order, stemming from a referral the CFPB made in November 2020. It’s the DOJ’s second- largest mortgage redlining settlement ever, and its first against a non-bank mortgage lender.
Eye on Housing
JULY 29, 2022
After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. A possible reason for this pivot is the recent growth in the inventory of new homes for-sale, while the supply of existing homes on.
The American Genius for Real Estate
JULY 24, 2022
A Harvard study shows that 98% of conversations leave at least one person dissatisfied - here's how you can improve your conversation skills. The post How to know when to stop or start a conversation, according to Harvard appeared first on The American Genius Real Estate.
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.
HomeLight
JULY 27, 2022
You’ve decluttered , reorganized, and maybe even rearranged some furniture, but there’s no getting around the fact that you’ve outgrown your single-story home. Maybe your family has expanded, or perhaps you’re now working permanently from home. Whatever the situation, you need more space — and you’d rather not go through the hassle or sacrifice of selling a house you otherwise love.
Housing Wire
JULY 25, 2022
Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets
Brownstoner
JULY 28, 2022
The Bed Stuy chapter of the historic secret aid society run by Black women, United Order of Tents, has pulled back the curtain to ask the community for help restoring its magnificent but dilapidated headquarters at 87 MacDonough Street. In a GoFundMe that kicked off July 21, United Order of Tents… Read More > The post Bed Stuy’s Secret Tents Society Launches Fundraiser to Restore Its Grand But Crumbling HQ appeared first on Brownstoner.
Eye on Housing
JULY 29, 2022
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.6% in June, making its ninth monthly increase in the past 12 months. Gains in personal income are largely driven by increases in compensation of employees and proprietors’ income. Real disposable income, income remaining after adjusted for taxes and inflation, decreased 0.3% in.
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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.
HomeLight
JULY 25, 2022
If you’re still using window units or fans to keep your home comfortable, you might feel left out in the cold. While at least 90% of homes nationwide use some type of air-conditioning , government statistics show that 66% o f them use central air. Researchers predict this market will grow more than 5% by 2026 , thanks to higher temperatures and humidity worldwide and the changing view of AC as a utility rather than a luxury.
Housing Wire
JULY 28, 2022
Purchase mortgage rates dropped after climbing for two consecutive weeks, reflecting declining consumer confidence and an emerging “technical recession,” amid a higher interest rate environment. Purchase mortgage rates declined this week to average 5.30%, down from last week’s 5.54%, according to the latest PMMS survey from Freddie Mac.
GeekEstate
JULY 27, 2022
Equity crowdfunding is one of the capital options that startup founders consider. Make sure you understand the topic. Motivo Media recently put out a documentary with experts breaking down equity crowdfunding and debating how regulators can most effectively foster innovation while preserving investor safety in the space. I thought some of the audience here might be interested… Director – Tim Hedberg.
Eye on Housing
JULY 26, 2022
New single-family home sales declined in June due to rising mortgage rates and worsening affordability conditions. Per Freddie Mac, the 30-year fixed rate mortgage was 5.10% at the end of May and climbed to 5.70% by the end of June. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes.
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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