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. Macroeconomics being what it is — at times, I feel like it’s a mystery wrapped in voodoo — I think I need help understanding exactly how this will work.

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Marketing Investor Mortgages Construction 77

Toronto Realty Blog

NOVEMBER 27, 2023

While we have seen 4-6 month periods of cool markets, and periods of hyper-appreciation followed by periods of decline, I think it’s fair to say that those calling for the “crash” back in 2004, or 2007, or 2011, or 2016, were proven exceptionally incorrect. It was almost $1,200,000 last year.

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Title Debt-to-income ratio Banks Mortgages 69

The Close

DECEMBER 29, 2022

Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. That’s why we compiled this comprehensive list. 4 Key Interest Rate Questions That Could Save Your Clients Money.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

The Close

FEBRUARY 20, 2024

and break down the important concepts for you to explain to your clients. You can expect to see: High real estate inventory Fewer interested buyers Sellers ready to negotiate Pro Tip Need to snag more buyer leads? I’ll help you identify “ Is it a buyer’s or a seller’s market?” When supply exceeds demand, we see a buyer’s market.

Marketing 94

Marketing Debt-to-income ratio MLS Pre-approval 94

HomeLight

AUGUST 17, 2022

Though mortgage interest rates have taken a recent dip amid recession concerns, it’s no secret that these numbers have been climbing since the historic lows we saw in 2020 and 2021. But why are mortgage rates going up? a home if you’re in a position to do so. a home if you’re in a position to do so.

Mortgages 78

Mortgages Rent back Fixed-rate mortgage Banks 78

Toronto Realty Blog

MAY 26, 2022

The recent drop in Toronto home prices is solely due to the increase in interest rates. I literally just got off the phone with a client, to whom I said, “I’m having very honest, direct conversations with people these days, and I’m simply giving them the lay of the land, and letting them decide what they want to do.

Fixed-rate mortgage 91

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 91

The Close

NOVEMBER 8, 2023

When looking for a niche to optimize your marketing strategies and recession-proof your real estate business, it’s important to keep in mind those who are most likely to need your services. Here are eight real estate niches agents can start working to take advantage of today’s historic market shifts.

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Probate sale Investor Agents Branding 97

Toronto Realty Blog

JULY 12, 2021

“But David, if everybody were jumping off a bridge, would you do it too?” Governments need new revenue tools because they’re always in need of new revenue. That’s because they’re always in need of revenue in general. Never down. TorontoRealtyBlog. It reminds me of my childhood.

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Banks Lending Mortgages Loans 111

Toronto Realty Blog

SEPTEMBER 8, 2022

I read the comments section on many articles in the major Toronto newspapers and they’re just awful most of the time. But let’s leave interest rates off the list, even though the Bank of Canada increased the overnight lending rate by 0.75% on Wednesday, because we knew that was going to happen.

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Marketing Fixed-rate mortgage Banks Principal 91

The Close

JUNE 24, 2022

Here are 17 great charts that can help you understand the market as it is now and what might be lurking down the road. Due to escalating home prices and mortgage rates, buyers have postponed their homeownership dreams and stepped out of the market for now. The real estate market is, well, unpredictable. months in June.

Marketing 110

Marketing Equity Renovation Mortgages 110

Toronto Realty Blog

JULY 18, 2022

If you’re ever walking by and you see me staring at you, it’s totally cool, I’m not lurking, I’m just on the phone. Well, it appeared that within this 15-20 minute window, the Bank of Canada announced that they would raise the benchmark lending rate by 100 basis points, or a full 1.00%. What was going on?

Banks 95

Banks Lending Land As-is 95

Toronto Realty Blog

JUNE 20, 2022

Do you subscribe to the Wall Street Journal ? It reminds me of the line in American Psycho: “Do you tan? ” But seriously, for those that do subscribe, the weekend edition was rather telling. That was the headline of the article. Historically, the best way to combat inflation is to raise interest rates.

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97

Redfin

APRIL 28, 2023

Mortgage interest rates are always changing – moving up and down each day, even each hour. These quick changes can impact the amount you pay when you refinance or close on your mortgage. However, locking in your mortgage rate does come with some risk. What does it mean to lock in my interest rate?

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Mortgages Pre-approval Loans Closing 60

Housing Wire

MARCH 12, 2024

So, what should we take away from this number, seeing that market participants are still worried about 1970s inflation and some don’t want to see any rate cuts this year? Fed presidents and others have cited the fear of 1970s-style entrenched inflation as a reason they hiked rates so fast and are being careful as they consider rate cuts.

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Mortgages Investor As-is Marketing 493

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. ” They then went on to answer the query with, “No. .”

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Equity Mortgages Design As-is 84

The Close

AUGUST 23, 2023

Focus on fun content like a wrap-up of cool neighborhood pictures from Instagram. Focus on fun content like a wrap-up of cool neighborhood pictures from Instagram. Brand-new listings tend to do best here, but price reductions, waterfront properties, and vintage homes do well too. Never made a meme before?

Design 97

Design FHA loan Marketing Agents 97

Toronto Realty Blog

SEPTEMBER 6, 2022

My wife and I both agreed, back in 2013, that a mere one week Honeymoon in the Bahamas would be too short, and that’s why we decided to stay for a full two weeks. I do well when I have a schedule, a set of responsibilities, and I’m never looking around wondering what to do. To leave now would be way too soon!

Marketing 81

Marketing Banks Sales As-is 81

Housing Wire

JANUARY 12, 2022

Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently. Mortgage demand needs to slow down. Houston, we have a problem.

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Days on market Loans Mortgages Sales 537

Redfin

JUNE 23, 2022

That’s why we’ve teamed up with Money.com to discuss how cryptocurrency may influence your next home purchase or sale. . From comparing the advantages and disadvantages of blockchain real estate loans to expert opinions from Redfin Chief Economist Daryl Fairweather, this article will answer your top questions about crypto real estate. .

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Loans Mortgages Banks Fixed-rate mortgage 57

Housing Wire

APRIL 13, 2022

In this HW+ Slack Q&A , HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry.

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Mortgages Marketing Construction As-is 422

Toronto Realty Blog

DECEMBER 14, 2022

I hope you enjoyed that “trip down memory lane,” as Marina so eloquently put it, with the Top Five Blog Posts of 2022 in Monday’s post. Do any of those sound familiar? TorontoRealtyBlog. Picking my top five posts is always a difficult task, given I’m the author. 4) Prices Outside The City Of Toronto.

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Development Purchase and sale agreement As-is Marketing 81

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.

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Investor Banks Bankruptcy Equity 86

Realty Biz

AUGUST 19, 2022

In this guide, we’ll break down everything that’s happening in the housing market right now and whether this new law affects it. . Why Are Housing Costs Rising? Before we dive into whether or not the Inflation Reduction Act affects housing costs it’s important first to understand why they’re rising.

Investor 84

Investor Commercial As-is Renovation 84

Notorious ROB

JUNE 13, 2022

From the Fortune article, we get an answer of sorts. The real productivity killer isn’t the fact that Joe from Accounting is not two floors up, or that Sally in Marketing is not down the hall. In order, Zandi points to these “juiced-up” regional housing markets: Boise; Colorado Springs, Colo.; Greeley, Colo.; Albany, N.Y.;

Marketing 96

Marketing As-is Title Closing 96

Housing Wire

DECEMBER 20, 2021

COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down! Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The forecast. The forecast.

Mortgages 542

Mortgages Sales As-is Construction 542

Toronto Realty Blog

APRIL 22, 2022

Then again, it seems that a large portion of the general public is really only interested in articles that talk about house prices declining, regardless of the authenticity and accuracy of the stated facts. Perhaps a second and more appropriate question is: Why is real estate so expensive ? It’s low interest rates.

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Land Development Construction Investor 86

Toronto Realty Blog

APRIL 16, 2021

” Cool? They need a 120-day closing so they can have their money in a Canadian bank account long enough to satisfy whatever rules are in place. They are likely buying in cash, but who knows, they might take a small mortgage because money is cheap. They have a 20% down payment on a $600,000 purchase.

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Pre-qualification Development As-is Fixed-rate mortgage 65

Toronto Realty Blog

JANUARY 1, 2022

It’s the topics that we need to put at the forefront of all real estate discussions if we want to be informed and ahead of the curve. There are two reasons why we care about rental prices: 1) Because renting is a component of the real estate market, even if most of us only concern ourselves with sales. But can you blame me?

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Construction Investor Equity Land 100

Marco Santarelli

JANUARY 3, 2021

In this article, we'll give you an overview of how rental property can easily be bought as a turnkey investment. Why did investing in turnkey rental property become so popular? How much time do you have to devote to rental property investing ? Turnkey Rental Property Definition. Can you solve the problems on your own?

Investor 105

Investor Property Management As-is Equity 105

Redfin

MAY 5, 2023

Check out this article to learn more about the pros and cons of living in Texas. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5% to $341,300 and competition slowing down. Welcome to the exciting world of homeownership in Texas.

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Purchase and sale agreement Pre-approval Seller disclosure Earnest money deposit 62

Housing Wire

APRIL 8, 2022

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. That isn’t a good thing, so I want to see a cool down in prices. Can this last? No, it can’t.

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Marketing Lending Short sale Equity 397

Notorious ROB

JULY 11, 2022

One of their most recent posts on crypto shows why the green chicken is so on-point. This is what needed to have happened to global finance back in 2008, and we will hopefully see what creative destruction looks like. So please, please, please do not try to help me and other crypto investors. Wen Bazooka?

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Investor Banks Finance Title 80

Toronto Realty Blog

DECEMBER 12, 2022

But I had a lot of fun here on Toronto Realty Blog as I always do, and I had even more fun sitting down to go through the year’s blog posts. Nobody does what I do. And that’s why I can never stop doing it. TorontoRealtyBlog. Have you had your company holiday party yet? It was a long, long year!

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Pre-approval Construction Development As-is 80

CT Homes

OCTOBER 19, 2021

In this article, we’ll analyze some of the real estate market trends of 2021, discuss the importance of being able to anticipate these changes, and identify some potential real estate trends we can anticipate on the horizon. Interest rates also play a substantial part in the real estate industry’s sensitivity to change.

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Marketing Construction Investor Mortgages 79

The Close

SEPTEMBER 22, 2022

The problem for busy Realtors is that they need to come up with new content ideas to engage their email list every week. Fun content like a wrap-up of cool neighborhood pictures from Instagram are going to be much more interesting than another market update. That’s harder than it sounds! Download the Best Real Estate Email Templates.

Design 91

Design FHA loan Marketing Agents 91

Marco Santarelli

AUGUST 5, 2020

In fact, in just the second quarter alone, the housing demand went from being down 41% to up 40% year-over-year. Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Given the current fundamentals, real estate sales should remain strong in most U.S.

Marketing 145

Marketing Fixed-rate mortgage Sales Mortgages 145

Marco Santarelli

AUGUST 2, 2020

Residential sales in NYC were reported to be down by 25% as compared to last year. There were a total of 3422 transactions, down 62% compared to the same month last year. Conversely, median condo prices in New York City trended down 20% year-over-year to $930K. The median home sale price in Manhattan was $1M.

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Marketing Sales Pre-approval Investor 142