Mon.Jun 07, 2021

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Why we can’t build our way out of this hot housing market

Housing Wire

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Building more homes, it was said, would solve all sorts of social problems, from making homeownership more affordable to ending homelessness. Today we are perhaps less prone to believing that a glut of new homes is the panacea society is waiting for, but the siren call to build more homes continues to be broadcast by a host of housing pundits and social do-gooders

Marketing 545
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Why You May Want To Cash in on Your Second Home

Keeping Current Matters

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020.

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UWM goes on the offensive with price-match guarantee

Housing Wire

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season. UWM said on Monday that they’ll price-match any conventional loan on primary residences up to 35 basis points with that of 15 different competitors: Caliber Home Loans , Cardinal Financial , Citizens Bank , Financ

Loans 545
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Timberrr! Lumber Prices Are Crashing At 30% Below Peak, And Forecast To Fall Further

Better Dwelling

The recent surge in lumber prices helped to push home prices higher, but now they’re crashing. Lumber prices closed today nearly 30% below the all-time high reached in May. The recent surge in prices pushed builder costs up by tens of thousands of dollars. This sent new home prices much higher, leading to an interesting […]. The post Timberrr!

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Homebuyers are growing weary of the housing market

Housing Wire

Homebuyers are feeling pretty discouraged by the housing market these days. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April. And those who believe it is a bad time to be a homebuyer increased to 56% from 48%. “Consumers appear to be acutely aware of higher home prices and the low supply of homes , the two reasons cited most frequently for that particular sentiment,” said Doug Duncan,

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How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. There is a lot that goes on between the time you find your dream home vs. when you sit at the closing table.

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Canada Funnels The Largest Share of Investment Into Housing In The OECD

Better Dwelling

Canadian housing mania is consuming more and more of the country’s capital. The country is now devoting a record share of gross fixed capital to build homes. It’s really hard to appreciate this number without looking at the rest of the world. The share of investment devoted to homebuilding makes the US bubble look like […]. The post Canada Funnels The Largest Share of Investment Into Housing In The OECD appeared first on Better Dwelling.

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Servicers’ forbearance volume steadily falling

Housing Wire

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association. Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

Loans 181
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Construction Begins at Future Amazon Warehouse on the Red Hook Waterfront

Brownstoner

Construction has started at the future Red Hook warehouse that will soon be home to an Amazon distribution center. Located at the former site of the Revere Sugar Factory at 280 Richards Street, on a pier sandwiched between IKEA and the former location of Fairway, it was long planned to be… Read More > The post Construction Begins at Future Amazon Warehouse on the Red Hook Waterfront appeared first on Brownstoner.

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Paint Maintenance and Touch-Up Tips That’ll Keep Your Home Looking Like New

Realtor.com

Getty Images You did the work, painted your home (or had it painted for you), and the results are fantastic. Congratulations! Now the question is: How do you keep it looking that way? Behold, our Bible on how to maintain a paint job, so that it remains looking fabulous for years to come. Which paint lasts the longest? The key to a long-lasting paint job starts with the paint job itself, including proper prepping and priming, according to Hunter MacFarlane , an expert for Lowe’s.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Inventory Watch

BubbleInfo

It is extremely unusual to have more pending listings than actives – I can’t remember a time when it has ever happened before, and certainly not at these record prices. You can tell your grandkids that you remember when! This week, we did have the lowest number of new pendings since January, and if these […].

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Rustic but Refined: 10 Luxurious Log Cabins Priced Over $2M

Realtor.com

realtor.com If a trip into the great outdoors sounds awesome, but the reality of rusticity gives you pause, let us present 10 luxurious log cabins you can buy right now. Forget canvas yurts and retro Airstreams festooned with twinkle lights. In these luxe getaways, you’ll never even come close to roughing it. While log cabins have earned their reputation as humble homes, a few of these hand-hewn abodes saw through the mold.

Lending 113
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28 million Americans plan to buy a home in 2021 – but should they manage their expectations?

Realty Biz

To say that 2020 was a chaotic year for the US real estate market would be an understatement. Set against the context of a global pandemic, property prices rose, mortgage rates reached an all-time low, and many potential buyers had to put their plans on hold, either because of financial uncertainty or because choices were scarce. But, with a new year ahead, Americans are once again ready to pursue their dream.

Banks 113
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Seller’s Concessions: What is a Seller Concession and How Do They Work

Maximum Exposure Real Estate

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant? Buying a home can stretch your finances to the limit, with closing costs that could be as much as 5% of the purchase price. This can make purchasing the home […]. The post Seller’s Concessions: What is a Seller Concession and How Do They Work appeared first on Massachusetts Real Estate Exposure.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

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Climax Approaching for Rent Assistance and Evictions

Realty Biz

The current national COVID-19 rent moratorium for evictions is scheduled to end on June 30, 2021. Late in May, it’s estimated that as many as 11 million Americans are behind with their rent in an amount totaling as much as $70 billion. Between the last two major stimulus packages, Congress has allocated more than $45 billion in rental assistance. However, as of May 18, the Treasury Department numbers show that only a little over $6 billion has been disbursed to states to help struggling renters

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Apply for the 8th Annual Real Estate Tech Awards (RETAS)

GeekEstate

Apply now for CREtech’s 8th Annual Real Estate Tech Awards (RETAS) , honoring excellence in real estate tech. The deadline to apply is July 30, 2021. Apply Now. The post Apply for the 8th Annual Real Estate Tech Awards (RETAS) appeared first on GeekEstate Blog.

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‘Home Town Takeover’ Finale Says Modern Farmhouse Is Out—and Here’s What’s In

Realtor.com

HGTV After four months and some seriously beautiful renovations, Erin and Ben Napier are finally wrapping up this season of “Home Town Takeover” by putting the finishing touches on Wetumpka, AL. In the finale episode, “Blooming on the Coosa,” the Napiers renovate an old 1850 house. Then they create a stunning space for a farmers market that’s sure to become a new go-to destination for locals.

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John L Scott Ballard Celebrates 1 Year In Business

Mandrona Group

Jason Fox and Joe Kiser formed The Madrona Group real estate team and were incorporated as a business in 2015.… Continue Reading John L Scott Ballard Celebrates 1 Year In Business. Content provided by: John L. Scott Ballard | Madrona Group.

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

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Cool Listings: ‘Criminal Minds’ Composers Selling Venice Home on the Canal for $4.85M

Fancy Pants Homes

Award-winning composers Marc and Steffan Fantini are selling their Venice, California home — a beautiful villa-style duplex that sits right on the canal. The two prolific composers, known as the Fantini Brothers, have several music credits to their name, including the scores of popular TV shows like Criminal Minds and Army Wives. They’ve enlisted the help of Emil Hartoonian and Michael Bloom with The Agency to sell their Venice residence, and brought it to market with a $4.85 million

Design 98
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Guided Turtle Walks: Juno Beach

Waterfront Properties

The Loggerhead Marinelife Center has recently added their popular Guided Turtle Walks back to their events calendar this June. On Tuesday, Wednesday, Thursday, and Saturday nights join the Loggerhead Marinelife Center to visit with the sea turtles and get a chance to witness the sea turtle nesting process on the beach. The Guided Turtle Walks is a unique program that allows guest to witness and observe the egg laying process of sea turtles and learn all about it.

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How rookie agent JP Sandhu did $12-million in deals in one month

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: How rookie agent JP Sandhu did $12-million in deals in one month. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. JP Sandhu of Century 21 Showtime Realty in Windsor, Ont. set the new milestone in April but selling multi-millions of dollars worth of real estate monthly is nothi

Agents 98
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Busch Wildlife Sanctuary Moving West In 2022

Waterfront Properties

The Busch Wildlife Sanctuary is beginning a new chapter. The sanctuary located in Jupiter has helped to save almost 6,000 injured, sick, or orphaned wildlife patients in 2020 and the sanctuary is about to embark on an even bigger journey. The Busch Wildlife Sanctuary was founded in 1983 and has been responsible for recusing, rehabilitation, and releasing thousands of animals back into the wild since opening.

Land 98
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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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Texas First-Time Home Buyer: 2021 Programs & Grants

The Mortgage Report

If you're a first-time home buyer in Texas, you could be in line for assistance. Find out how to qualify for TX first-time home buyer programs and grants.

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Sotheby’s Teams up with Accidentally Wes Anderson to Celebrate Luxury Week

Sotheby's International Real Estate

Handbags, jewels, watches, wine, sneakers and more – Sotheby’s Luxury Week is here again. Joining us to celebrate the New York auction series is Wally Koval, founder and creative force behind Accidentally Wes Anderson (AWA) (@accidentallywesanderson). ?. On Instagram and in print (Accidentally Wes Anderson, the book, published in October 2020 with a forward from the director himself), Koval and the AWA team discover the architecture and design reminiscent of the American director’s one-of-a-kind

Design 95
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Mortgage and refinance rates today, June 7, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady last Friday, in spite of the jobs report that some found disappointing. A fall had looked more likely first thing. […].

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Mayo Clinic Minute: How Staring at Screens Can Affect Your Vision

RIS Media

(TNS)—More people working from home these days often means more hours looking at computer screens and mobile devices. And eye experts at Mayo Clinic say that could create some temporary vision problems. Reporter Jason Howland explains this in this Mayo Clinic Minute. If you stare at a computer monitor or cellphone too long and then experience temporary blurry vision, it’s likely because the moisture layer on the front surface of your eye is getting dry. “If that tear film is not smoo

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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‘Star Wars’ Fans Flock To See Houston’s Darth Vader House

Realtor.com

TK Images for Martha Turner Sotheby’s International Realty This Houston home is popularly known as the Darth Vader House because of its resemblance to the Dark Lord of the Sith’s helmet. But that wasn’t the inspiration behind this one-of-a-kind residence on the market for for $4.3 million. The exterior of the contemporary home features narrow openings and sharp angles reminiscent of Darth Vader’s face-shielding helmet.

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What Will Happen to Virtual Real Estate Practices Now?

RIS Media

As the pandemic slows down and we start to see agents back in the field working with clients face to face, what will happen to the precautions we became so accustomed to during the pandemic? Some brokerages and real estate teams are limiting the extra steps they have been using while conducting transactions during the last year. But what precautions or steps are here to stay?

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Florida First-Time Home Buyer: 2021 Programs & Grants

The Mortgage Report

If you're a first-time home buyer in Florida, you stand to get plenty of help — from advice and education to down payment grants and loans. Learn more here.

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How to Customize Training for Top-Performing Teams

RIS Media

Recruit, train and elevate agents with a team-branded training program and platform. Whether your agent team operates as a standalone brokerage or is a high-achieving group within a larger brokerage, defining and differentiating your value is an important part of attracting and keeping productive team members. Doing so, however, presents multiple challenges.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.