Housing Wire
DECEMBER 13, 2022
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say this because the most significant component of Core CPI is shelter inflation.
RRT Submitted Articles
OCTOBER 10, 2022
The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish.
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Housing Wire
DECEMBER 1, 2022
Over the past few years, we’ve seen an increased demand for smart home technology as consumers continue to embrace a digital lifestyle. “Smart home technology, whether it be keyless entry locks, smart thermostats or leak sensors, these are all things that, five or six years ago, were still pretty new to the marketplace,” said Andre Sanchez, COO of Rently, a smart home and self-guided touring solutions provider.
Housing Wire
DECEMBER 7, 2022
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front of us, we can say they have stabilized the market. Purchase application data came out on Wednesday and the week-to-week data was down 3%, breaking the streak of four straight weeks of growth.
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.
Maximum Exposure Real Estate
DECEMBER 19, 2022
Disclosure in Real Estate: What to Disclose When Selling a House You may not know about a seller’s disclosure when you have never sold a house before. Did you know that real estate disclosure laws vary from state to state? What a seller has to disclose in one state might be completely different than in […]. The post Understanding Sellers Disclosure When Selling Real Estate appeared first on Maximum Real Estate Exposure.
HomeLight
SEPTEMBER 26, 2022
You’ve heard the stories about people who’ve bucked the system when it comes to homebuying, striking out and building their home themselves at a huge savings. Considering the ever-rising costs of existing homes and the lack of affordable housing in many areas, building new can seem very appealing. But you also have to wonder how sustainable the idea really is.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
GeekEstate
SEPTEMBER 22, 2022
[Editor’s note: Originally published in the GEM as a Weekly Radar entry.]. SYMBiHOM is a company in the Bay area that designs prefabricated garage to ADU conversionprefab kits that take less than 4 weeks to install. Based on the garage dimensions, ADUs can be a studio, 1-bedroom, or 2-bedroom living unit with a full bathroom and kitchen. The solution increases workforce housing, homeowner income, multifamily living and aging in place with income.
Better Dwelling
DECEMBER 19, 2022
Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics‘ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn’t expect much relief either.
Brownstoner
JULY 21, 2022
Well, that was fast. After pausing for a Department of Buildings inspection this morning, workers got the go-ahead to reenter the site and resume demolition at 1 p.m. [link]. By 4 p.m., the excavator was back at work chomping on the brick. Demolition often takes two or three days. Not this… Read More > The post Bed Stuy’s Beloved Dangler Mansion Is Gone (Video) appeared first on Brownstoner.
Eye on Housing
OCTOBER 6, 2022
A majority of new homes that completed construction in 2021 included two-car garages (67%), according to NAHB analysis of 2021 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions: the 2-car garage was the most popular parking option for completed homes in all divisions.
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Lighter Side of Real Estate
JUNE 15, 2022
Most people don’t buy their “forever house” right out of the gate. It’s hard to afford a home that has the size and amenities you want on your first (or even second) purchase. So most people start out with something a little smaller, needing some work, or not in their ideal location. The plan is usually to spend a few years in it, then sell it to buy a bigger, better home in your ideal neighborhood once you’ve built up some equity.
RRT Submitted Articles
OCTOBER 10, 2022
Many believe that the property market is driven by an 18 year property cycle. This post explains what the 18 year cycle is.
Realty Biz
MAY 1, 2022
Tips For Beating Cash Offers. If you are looking to buy a home in a hot seller’s market, there is a strong likelihood you’ll be up against buyers who will be making a cash offer. If you’ve lost out already to cash buyers, you’re probably wondering what you can do to potentially level the playing field. A cash offer on a house is undoubtedly hard to beat.
Housing Wire
DECEMBER 29, 2022
As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. There are similarities and significant differences between the housing recession we’ve seen this year versus 2008, and looking at specific factors in both timeframes gives us an idea of what to expect in 2023.
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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.
Maximum Exposure Real Estate
DECEMBER 5, 2022
Tips to Get The Best Mortgage Rate Do you want to know how to get the best mortgage rate for an upcoming home purchase? Getting the best rate on your mortgage is a significant concern for any home buyer. Everyone wants to get the lowest mortgage interest rate possible! When you consider that only a […]. The post How to Get The Best Mortgage Rate appeared first on Maximum Real Estate Exposure.
HomeLight
MARCH 2, 2022
You’ve done the work to get your home ready to sell — repainted rooms a neutral color and taken care of minor repairs, hired a great real estate agent , staged it to perfection , kept it clean for open houses and home tours — and now you’ve accepted an offer. Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat.
Real Trends
SEPTEMBER 1, 2022
It looks like inventory is about to get a boost. An analysis of Google search data reveals that searches for ‘sell my house’ exploded 147% in the United States as of July 2022 — the highest level in internet history for America, according to luxury real estate platform RubyHome. This comes as Americans face rising property and rent costs, with fears of a recession looming.
GeekEstate
SEPTEMBER 21, 2022
They say time is money, which means time is our most valuable resource as landlords. In addition to being a real estate investor and landlord myself, I’m a CEO, an entrepreneur, a husband and a father. I am always, always, always looking for tools and technology that can help me streamline my workflow and give me more time to focus on the bigger picture. .
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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.
Better Dwelling
NOVEMBER 7, 2022
Many Canadian real estate buyers and investors are struggling with higher interest rates. They got some bad advice, not from a Realtor or mortgage agent, but the Bank of Canada (BoC). In a now infamous address in October 2020, Governor Tiff Macklem assured households that rates would be low for long. Households and businesses are […]. The post Was The Bank of Canada Reckless For Saying Rates Will Be Low Until 2023?
RIS Media
APRIL 8, 2022
Yes! Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers.
Eye on Housing
JUNE 13, 2022
NAHB analysis of Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, spending four times as much as non-moving owners and twice as.
Lighter Side of Real Estate
MARCH 22, 2022
When you’re on the hunt for a house, you’re glued to the Internet, scrolling every listing site you can to make sure you aren’t missing anything. The Internet has certainly made it easier than it used to be to make sure you weren’t missing out on the house of your dreams. But you probably also keep your eyes peeled and ears perked for any word of a listing that may not have been listed on the MLS or any real estate site you browse.
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.
RRT Submitted Articles
OCTOBER 10, 2022
Are interest rates going up or down? This post covers recent mortgage rate trends and the future forecasts of industry leading experts.
Sotheby's International Real Estate
JANUARY 15, 2022
With their effortless floor plans, superior appliances, and refined surfaces, these kitchens blend functionality, comfort, and style. El Molino. Montecito, California | Maureen McDermut & Maureen Martinez, Sotheby’s International Realty – Montecito – Coast Village Road Brokerage. Originally an olive-crushing mill, this elegant estate in the desirable Golden Quadrangle is one of Montecito’s oldest homes.
Housing Wire
NOVEMBER 16, 2022
Homebuilder confidence continued to drop in November, hitting its lowest level since June 2012, with the exception of the onset of the COVID-19 pandemic in the spring of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report, released Wednesday. In November, builder sentiment in the market for newly built single-family homes fell five points from October , ending at 33 points — less than half the level it was six months ago.
Maximum Exposure Real Estate
NOVEMBER 30, 2022
Signs Roofing Replacement is Necessary One of the questions that any homeowner should be asking themselves if they have a roof that is getting up in age is, “how do I know if replacement roofing is necessary? For obvious reasons, your roof is one of the most essential parts of your home. Without it, you […]. The post Replacement Roofing: Warning Signs You Need a New Roof appeared first on Maximum Real Estate Exposure.
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.
HomeLight
MARCH 31, 2022
Amna Shamim contributed research and writing to the most recent version of this story. In certain scenarios, it could be less costly to build than to buy. So how much does it cost to build a house? According to HomeAdvisor, the national average cost to build a new home in 2022 is $283,900. The U.S. Census Bureau puts the sales price of a new home higher, at an average of $496,900 in January 2022.
Real Trends
SEPTEMBER 14, 2022
It is general knowledge that spring time is home selling season , but the best time to buy a house can change from year to year. According to a report from Realtor.com published Wednesday, in 2022, the best week to buy a house is from September 25 to October 1. Many in the industry view fall as “off season” for the housing market, which offers opportunistic buyers many favorable factors including more listing, less competition, and lower prices.
GeekEstate
JUNE 1, 2022
There’s no denying that the COVID-19 pandemic changed the world as we know it, and while we’re certainly returning to some sense of normalcy, there are a few trends that emerged that are likely here to stay. In the property management industry, virtual property tours are one of tools that increased in popularity during the pandemic , and are likely to continue into the future.
Better Dwelling
JANUARY 8, 2022
Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently […].
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