Toronto Realty Blog

APRIL 29, 2024

My mortgage is up for renewal in November of 2024. I closed on my current home in August of 2018 and at the time I had a variable rate. But the funny thing about variable versus fixed rates is that they can fluctuate and the gap between them can expand or contract. Where In The World Are Those Rate Cuts?

Fixed-rate mortgage 84

Fixed-rate mortgage Banks Lending Mortgages 84

Lighter Side of Real Estate

DECEMBER 13, 2023

mortgage rates will come down. So the recent news that ING Economics predicts that The Federal Reserve will cut rates 6 times starting in the second quarter of 2024 is probably music to your ears! However, when The Federal Reserve raises or lowers rates, it doesn’t directly impact mortgages.

Mortgages 85

Mortgages Branding Banks As-is 85

Lighter Side of Real Estate

AUGUST 9, 2022

Even though mortgage rates dipped below 5% this past week , they’re still higher than they were just a few short months ago. This has priced some home buyers out of the market, and caused others to take a wait-and-see approach, hoping for rates to drop back down to historically low levels.

Mortgages 91

Mortgages As-is Marketing 91

The Close

APRIL 30, 2024

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. The table below shows some additional price reduction indicators.

Agents 78

Agents Short sale Staging Sales 78

Toronto Realty Blog

APRIL 18, 2024

But I also noted this headline: “It’s Never Been Harder To Rent In Canada – Vacancy Rates Fall To 35-Year Low” RBC Special Reports February 1st, 2024 Of course, that headline refers to Canada as opposed to Toronto , and it’s looking longer-term, but I think the point is clear: the headlines are never the same.

Marketing 67

Marketing As-is Mortgages Sales 67

Toronto Realty Blog

JANUARY 11, 2024

Well, what’s the first thing I do after I click on a new listing? Let me throw some skin in the game here: my mortgage comes due in November of 2024. It’s been at the back of my mind since the spring of 2022 when interest rates started increasing, but it’s not something that I think about every day.

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

Lighter Side of Real Estate

DECEMBER 27, 2022

If you’ve been thinking about selling soon, you’re probably leaning toward doing so when the spring market rolls around, since it’s often considered the best time of year to sell a house. However, you might want to reconsider what constitutes the “best” time for you to sell your house. Less Competition.

Banks 109

Banks Marketing Mortgages As-is 109

Realty Biz

MAY 22, 2022

Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years. The demand for homes remains robust.

Short sale 90

Short sale Loans Mortgages Equity 90

The Close

JUNE 22, 2023

Right now might seem like a frightening time to jump into real estate investing. But for value-seeking investors like myself, the scariest time to invest is actually in a good economy, when housing prices are rising at a blistering pace. But first, let’s get a handle on the basics. from this time last year.

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Broke Agent Media

MAY 18, 2023

think it’s a good time to buy a house—the lowest share since 1978. The years 2022 and 2023 are the only times fewer than 50% of Americans have seen the housing market as good for buyers. The article also revealed that only 56% of Americans think home prices are going up—down from 70% in 2022 and 71% in 2021 but up from 40% in 2020.

Agents 52

Agents Construction New Construction Marketing 52

Toronto Realty Blog

JUNE 20, 2022

That was the headline of the article. And for those of us born in August of 1980, there’s not exactly a high-calibre understanding of economics around that time. And for those of us born in August of 1980, there’s not exactly a high-calibre understanding of economics around that time. TorontoRealtyBlog.

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Realty Biz

JUNE 26, 2021

This isn’t the first time the US has seen a strong sales market. Something making it different this time is that the market is extraordinarily strong in every part of the country. Mortgage rates have been exceptionally low for a long time with the Federal Reserve continuing to support low interest rates.

Marketing 79

Marketing Construction Residential Sales 79

Toronto Realty Blog

SEPTEMBER 6, 2022

The first one is too short and the second one is too long. But by the time the eleventh day rolled around, I was a little fidgety. Let me drop my daughter off at school at 8:25am, arrive at the office at 8:40am, crack the lid on my Tim Horton’s coffee, and get to work ! About seven days!

Marketing 81

Marketing Banks Sales As-is 81

Toronto Realty Blog

JULY 4, 2022

Did you just stumble upon this blog for the first time? The same can be said as we meet here on TRB today with the first-half of 2022 in the rear-view mirror, trying to look at the road ahead in our Toronto real estate market. Well, now you found this blog! But I wanted the disc anyways. I had several hundred of them.

Sales 83

Sales As-is Banks Marketing 83

The Close

AUGUST 17, 2022

After the emails, we’ll give you eight expert tips for boosting your email and response rates. After the emails, we’ll give you eight expert tips for boosting your email and response rates. When would be a good time to set up a quick call so I can tailor this list to your needs? Download All 9 Open House Follow-Up Emails.

Title 98

Title Marketing Agents As-is 98

The Close

SEPTEMBER 2, 2020

After coaching agents for the past 11 years, I’ve noticed two common beliefs that agents have that cause ineffective marketing: The first is they want to provide value to their entire database, and second is they don’t want to come across too “salesy.”. 3 What fees do I have to pay to sell my home? 52 Common Real Estate Questions.

Purchase and sale agreement 124

Purchase and sale agreement Renovation VA loan Pre-approval 124

The Close

AUGUST 18, 2022

And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more. Related Article.

Purchase and sale agreement 98

Purchase and sale agreement Title Closing Short sale 98

Point2Homes

NOVEMBER 22, 2020

The average savings rate in the last decade was 8%. And, although personal savings went through the roof in April (reaching 33.7%) one month of extraordinary budgeting may not move the needle. And, although personal savings went through the roof in April (reaching 33.7%) one month of extraordinary budgeting may not move the needle.

Finance 96

Finance Loans As-is Marketing 96

Marco Santarelli

MARCH 4, 2021

The pandemic has supercharged Utah’s housing market driven by historically low interest rates and low unemployment rate. The economy is strong and the city has on of the lowest unemployment rates in the nation. Months Supply of Inventory has dropped to 0.7, Housing data by Salt Lake Board of Realtors®.

Marketing 124

Marketing Investor Development As-is 124

Marco Santarelli

SEPTEMBER 6, 2020

You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income. Good passive income streams take time to build up. But we can filter these down to some easy passive income ideas and strategies that work.

Lending 135

Lending Loans Investor Branding 135

The Close

MAY 15, 2023

Are your first-time homebuyers slowly unraveling in the choppy headwinds of our current market? Not even the wild ’70s inflation, the astronomical interest rates of the ’80s, or the housing crash of the aughts have prepared us for the current market. This makes it incredibly frustrating for first-time buyers (and their agents).

Marketing 105

Marketing Agents Mortgages Loans 105

Notorious ROB

JULY 7, 2022

Over the past few weeks, there has been a flurry of posts, articles, tweets, and other expressions of… what to call them… predictions? Raise rates on fiat dollars, and that raises rates on fiat dollar mortgages, which makes housing more expensive in nominal terms. Because the Fed, you know? GeorgeRatiu [link].

Sales 98

Sales Marketing As-is Mortgages 98

The Close

SEPTEMBER 8, 2022

If you want to understand the trends, you’ll first need to know the numbers. Statistics in this article: Real Estate Agent Statistics. There are currently more than 3 million active real estate licensees in the United States. Those numbers may be leveling off, marking a return to a normal expansion rate. Related Article.

Equity 139

Equity Agents Brokerage Closing 139

Toronto Realty Blog

JULY 18, 2022

Then, I felt guilty for feeling sad, because this could not possibly be a better example of “first world problems.” I was actually on a call at the time, and I often take calls from my home office while looking out the window. Ah, now the first message was in context. TorontoRealtyBlog. What was going on?

Banks 95

Banks Lending Land As-is 95

Broke Agent Media

JUNE 2, 2023

from the previous month (February). from Q1 2022 to Q1 2023, raising the House Price Index to an all-time high. from Q1 2022 to Q1 2023, raising the House Price Index to an all-time high. house prices generally increased modestly in the first quarter. house prices generally increased modestly in the first quarter.

Bankruptcy 52

Bankruptcy Principal Finance Mortgages 52

The Close

APRIL 25, 2022

Question 1 of 3. -->. Question 2 of 3. -->. Question 3. -->. -->. Question 3 of 3. -->. A free real estate CRM or customer relationship management tool is essential for any new agent looking to close more than one or two transactions a year. But most real estate-specific CRMs come with a price tag. 1 minute approx.

Agents 119

Agents As-is Design Marketing 119

Notorious ROB

JULY 14, 2022

I spent the last month or so trying to understand the view that higher interest rates, leading to higher mortgage rates, will tame the crazy housing market. And this article from yesterday titled “ With home sales down, why are home prices still up? ” Well, inventory has been at all-time lows.

Marketing 77

Marketing Investor Mortgages Construction 77

Marco Santarelli

OCTOBER 2, 2020

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Month Supply of properties has reduced to 1.9. After five months, sellers are back in the housing market with new listings being gradually added to solve the low inventory issues which have been keeping many buyers at bay.

Marketing 138

Marketing Residential Sales Investor 138

Marco Santarelli

SEPTEMBER 17, 2020

percent from the same month in 2019. The sale price of homes in the metro also continues to rise and sellers are still getting more for their houses than they did this time last year. The sale price of homes in the metro also continues to rise and sellers are still getting more for their houses than they did this time last year.

Marketing 122

Marketing Sales Investor Days on market 122

Marco Santarelli

AUGUST 10, 2020

After two months of sharp declines, home sales in the Austin-Round Rock MSA rebounded this June with a 9.3% decline during the first half of 2020. In the first half of 2020, homes sales in the Austin-Round Rock MSA declined 5.2% to 22,744 new listings; active listings dropped 19.2% year over year to 17,043 home sales.

Marketing 141

Marketing Residential Investor Sales 141

Notorious ROB

JUNE 12, 2022

But, thanks to rising inflation that no amount of book-cooking can cover up, the Fed has been forced to “take action” by which we mean raise rates a tiny bit, then jawbone a whole lot about how tough they’re going to be on inflation. In part 1 , we covered legal and regulatory challenges to the real estate industry.

Investor 86

Investor Banks Bankruptcy Equity 86

Toronto Realty Blog

JUNE 8, 2022

This past week, the Canadian Mortgage & Housing Corporation announced that it was placing a ceiling of 8% on any gain or profit on a property purchased through the “First Time Home Buyer Incentive Program,” but also an 8% cap on any losses. It was, at the time, ludicrous.

Equity 84

Equity Mortgages Design As-is 84

Marco Santarelli

MARCH 24, 2021

Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. of new listings and closes sales which dropped in the month of April. In April, the year-over-year sales in the Charlotte MSA dropped by a whopping 22.2% year-over-year change.

Marketing 119

Marketing Purchase and sale agreement Investor Sales 119

Marco Santarelli

AUGUST 5, 2020

If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you. month supply at the current sales pace. In July, the national median home price gain marked 101 straight months of year-over-year gains. percent in July.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Real Trends

DECEMBER 16, 2022

When we started 2022, everything was crazy — bidding wars, immediate sales, overbidding on homes, mortgage rates under 3% — what a year it’s been. This article will focus on what we can see for 2023. We’re going to start with mortgages. Mortgage rates are key. on the 30-year mortgage rate.

Marketing 86

Marketing Mortgages Sales As-is 86

The Close

SEPTEMBER 1, 2020

So you’re considering a switch to the real estate field, but you’re not ready to dive in full time. Many agents successfully pursue real estate part time. If you’re looking to get started right away, the first step is getting your real estate license, and for that, you’ll need a real estate school. We totally get it.

Agents 124

Agents MLS Brokerage Branding 124