Housing Wire
NOVEMBER 11, 2021
You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found. In Ventura or Carlsbad, median single-family rents are $4,250, and in Santa Clara and Berkeley, median single-family rents reached $4,225 and $4,200, respectively.
Housing Wire
NOVEMBER 9, 2021
Mortgage delinquency rates hit the lowest level since the beginning of the pandemic in August, according to the most recent CoreLogic Loan Performance Report. However, some borrowers are still facing severe financial challenges. In August, 4% of mortgages were delinquent by at least 30 days, including foreclosure, a drop from the 6.6% rate in August of 2020.
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Keeping Current Matters
NOVEMBER 10, 2021
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from CoreLogic , home values have increased by 18.1% compared to this time last year.
Lighter Side of Real Estate
NOVEMBER 11, 2021
If you’ve never purchased a home before, it can be hard to know what the process will be like. But chances are, you have some ideas about what to expect—but in this real estate market, you may need to reevaluate some of those expectations. A recent article from realtor.com outlined common ideas first-time buyers have about the homebuying process that, in this market, are unrealistic at best (and delusional at worst), including: You can find a mortgage after you find your house.
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.
Sotheby's International Real Estate
NOVEMBER 6, 2021
From Manhattan to Pebble Beach, these distinctive foyers welcome visitors and introduce them to their homes’ unique character and style. Chic Cooperative. New York, New York | Louise C. Beit, Sotheby’s International Realty – East Side Manhattan Brokerage. Once the home of Hollywood luminary Joan Fontaine, this elegant four-bedroom residence enjoys an enviable location in a coveted 1928 cooperative.
Housing Wire
NOVEMBER 8, 2021
Economic cycles are like serial killers on a Netflix show: they leave clues to get caught. Interpreting these clues gives you the ability to see when the economy is in recovery and when things are about to go into recession. My job as a data analyst is to provide the map you need to follow these clues, specifically as they relate to housing. Each economic sector behaves differently in a recession; typically, the industry with the most leverage on growth gets hit the hardest.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
NOVEMBER 9, 2021
The prices of goods used in residential construction ex-energy climbed 0.8% in October (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The increase comes on the heels of two consecutive monthly declines largely driven by steep declines in lumber and plywood prices. The price index of services inputs to residential construction.
Sotheby's International Real Estate
NOVEMBER 9, 2021
Inspired by the likes of the legendary Richard Neutra, modernist architect Raúl F. Garduño employed a distinctive style characterized by a unique use of shapes, warm materials—including wood beams and rugged brick—and walls of glass. Garduño designed this low-slung 1971 home, blending hints of an Asian aesthetic with iconic midcentury modern elements.
Housing Wire
NOVEMBER 10, 2021
Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this time, the average 30-year fixed-rate loan averaged 2.84%. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” Sam Khater, Freddie Mac’s chief economist, said in a statemen
Keeping Current Matters
NOVEMBER 8, 2021
With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity.
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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.
Realty Biz
NOVEMBER 10, 2021
Is Buying a Contingent Home Possible? It can take a long time to find your perfect home, but just when you think your search is over, you might discover that it is listed as a contingent house. So can you still offer on a contingent home, or have you missed the chance to buy your perfect property? If you want to know what contingent means in real estate , we have the answers.
Brownstoner
NOVEMBER 12, 2021
If visitors strolling through the Children's Corner of Prospect Park detect the lingering scent of cedar wafting through the air and follow their nose, the pungent source can be traced not to trees, but bright new shingles adorning the roof of Lefferts Historic House. There were still a few pallets of… Read More > The post Up on the Roof of the Historic Lefferts House in Prospect Park as It Gets a New Old Look appeared first on Brownstoner.
Housing Wire
NOVEMBER 9, 2021
One of the most unloved American economic success stories has been how spectacular American households with mortgage debt look today. Let’s take a look at the New York Federal Reserve’s Household Debt and Credit Report for the third quarter, released today. The most important factor is that debt structures are vanilla. Post-2010, lending standards in America became normal again, and while I still believe they’re very liberal, they’re sane.
Keeping Current Matters
NOVEMBER 12, 2021
Some Highlights. If you’re deciding whether you should make updates before you sell your house, lean on your agent to be your guide. If the market is flooded with houses for sale, updates may be necessary for your house to stand out. In our current sellers’ market , the added expenses might not be worth it. Partner with a local real estate professional for expert advice on which updates are important in today’s market.
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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.
Realty Biz
NOVEMBER 12, 2021
Are you trying to decide if now is a good time to put in the effort and money to buy a home? There are many questions that you should answer before making that decision. The financial question is only one of several that you want to start with. What about your personal life? Do you have kids that should be in a better school district and need a backyard to romp around in?
HomeLight
NOVEMBER 10, 2021
A few months from now, or maybe sooner, you plan to sell your house. And you can think of a million things to do before listing your home that would maybe lead to a better offer: Swap out the damaged laminate for tile, repaint certain rooms to match the rest of the house, fix the landscaping — the more you think about it, the more the mental to-dos mount.
Housing Wire
NOVEMBER 8, 2021
Forbearance predictably declined across the board last week as exits accelerated, but more borrowers are going into plan modifications because they are still struggling to recover their pre-pandemic income. The total number of loans in forbearance decreased by nine basis points to 2.06% as of Oct. 31, according to the latest report from the Mortgage Bankers Association (MBA).
Keeping Current Matters
NOVEMBER 9, 2021
In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices. With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase.
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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.
Realty Biz
NOVEMBER 10, 2021
The U.S. housing market is on the verge of being flooded with foreign buyers, and real estate brokers across the nation are bracing themselves for their return. The U.S. has lifted travel restrictions on 33 countries that were put in place due to the COVID-19 pandemic, meaning vaccinated visitors from those territories can now visit freely. Analysts say that many of those people are likely to want to invest in U.S. real estate, and that their return could generate tens of billions of dollars in
Better Dwelling
NOVEMBER 10, 2021
Australian lawmakers are learning how home prices have been inflated by money laundering. The Senate committee investigating the adequacy of anti-money laundering laws continues this week. A piece tabled is a study showing how high-profile individuals with questionable cash should have set off alarms. Instead, they were able to move millions of dollars of unknown […].
Housing Wire
NOVEMBER 11, 2021
Manufactured housing is a topic that has gained some steam on Capital Hill as of late, with the White House announcing earlier in the year that it intends to address the lack of affordable housing in the nation by upping the available supply of MH. In September, Biden’s administration also called on state and local governments to “reduce zoning and financing barriers to these kinds of housing – housing that allows families to achieve homeownership and build wealth.”.
Eye on Housing
NOVEMBER 10, 2021
Compared to a year ago, on a not seasonally adjusted basis, consumer prices increased by 6.2% in October, the largest year-over-year gain since December 1990. Supply-chain constraints and strong consumer demand as the economy reopened have contributed to recent price increases. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.9% in October on.
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
NOVEMBER 10, 2021
Disclaimer: Information in this blog post is meant to be used for educational purposes only and provide a high level overview of some of the top iBuyer programs. However, program details can frequently change. Please visit the iBuyer’s website for the most up-to-date information on each individual program’s fees, market coverage, business model, and more.
Better Dwelling
NOVEMBER 8, 2021
The Canadian real estate market is forecast to be busy next Spring, but a hurdle just appeared. RBC Economics updated its forecast for the Bank of Canada (BoC) overnight rate in 2022. Canada’s largest bank sees inflation forcing the BoC to hike rates in April. In just five months, this would increase mortgage rates at […]. The post RBC Sees The Bank of Canada Hiking Rates During The Busy Spring Real Estate Market appeared first on Better Dwelling.
Housing Wire
NOVEMBER 10, 2021
The federal government’s top regulators announced Wednesday that they are collectively resuming mortgage servicing supervisory and enforcement practices in full, ending certain flexibilities it offered mortgage servicers at the onset of the Covid-19 pandemic. The announcement comes as servicers negotiate with over one million borrowers exiting forbearance plans.
Realty Biz
NOVEMBER 8, 2021
Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. Amid huge demand for new homes, at least 740,000 new construction workers will be needed each year for the next three years, according to a new report by the Home Builders Institute. Another way of expressing that is that the construction industry requires 61,000 new hires every single month, according to HBI Chief Executive Ed Brady.
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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.
Eye on Housing
NOVEMBER 12, 2021
The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4 million) was up 34% year-over-year as worker churn accelerates. Total national job openings stands at 10.4 million. What had been, in prior years, a challenge in certain sectors, like construction, continues as.
HomeLight
NOVEMBER 10, 2021
Whether you’re hoping to find a condo in Miami to be close to the nightlife, or are aiming for a single-family home close to your favorite golf course where you can retire in comfort, buying a house in Florida is a dream for many — it’s intimidating, but also exciting. Due to its popularity and coastlines, the cost of housing in Florida can be exceptionally high, but that also depends on where you’re searching.
Housing Wire
NOVEMBER 10, 2021
Mortgage applications revved up for the week ending Nov. 5, rising 5.5%, according to the Mortgage Bankers Association weekly survey published on Wednesday. The increase was mainly driven by the refi index growing by 7% from the previous week, though it was 28% lower than the same week one year ago, the report said. Concurrently, the purchase index grew by 3% from the week prior.
Easy Agent Pro
NOVEMBER 9, 2021
1. FALL CONTENT TO ATTRACT BUYERS. “What you Need to Know About Buying a Home in [Your Town] This Fall”. As we mentioned in our summer topic e-book, this one can (and should) be used at the beginning of each season. So, what do your readers need to know about buying a home (in your town) during fall? There’s lots to talk about right now: Explain what’s happening in the real estate market nationwide and then narrow the focus to how your local market compares (less competition, moderating prices,
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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