Thu.Jun 17, 2021

article thumbnail

More than half of homes sold above asking price in May

Housing Wire

Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April.

Sales 532
article thumbnail

Housing Wealth: The Missing Piece of the Affordability Equation

Keeping Current Matters

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year.

Equity 232
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lennar execs confident building boom will not end soon

Housing Wire

“These are the best of times,” declared Stuart Miller, chairman of the board for Lennar Thursday. And the homebuilder’s quarterly financial performance backs up what Miller is talking about. Lennar, best known for producing homes for the middle class, reported $831 million in net income for the months of March, April and May, a 61% increase from the same three months in 2020, which coincided with the pandemic’s onset.

article thumbnail

Planning To Buy a Home This Summer? Here’s What You Need To Know

Lighter Side of Real Estate

Summer is always one of the most popular seasons for real estate. But if you’re planning on buying a home this summer, there are a few things you’ll want to keep in mind. A recent video from realtor.com outlined tips buyers need to know if they’re planning to buy a home this summer—one of the most competitive real estate seasons in recent history—including: There are fewer choices—and higher competition.

Closing 145
article thumbnail

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.

article thumbnail

Mortgage rates continue their fall, to 2.93%

Housing Wire

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%. “Mortgage rates continued to drift down as markets concur with the view that inflation increases are temporary,” said Sam Khater, Freddie Mac’s Chief Economist.

Mortgages 442

More Trending

article thumbnail

Home prices still rising in Phoenix, Austin, Sacramento

Housing Wire

Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, according to a recent report from Redfin. Home prices in Austin were up 42.4% year over year in May to $470,000, the biggest increase of the 88 largest U.S. metros. Phoenix, with a 33.3% gain to $400,000, had the second-biggest annual price increase in the U.S., and Sacramento had the fifth-biggest increase.

Marketing 442
article thumbnail

7 Pet-Friendly Features to Look for in Your Next Home

Sotheby's International Real Estate

Houston, Texas | Monica Brashear, Martha Turner Sotheby’s International Realty . One luxury that has skyrocketed in popularity over the last year and a half is pet ownership. Many people have expanded their families with four-legged companions during the pandemic. And while a gourmet kitchen, landscaped grounds, or a swimming pool may top the list of personal must-haves when considering the purchase of a new home, it’s important to accommodate dogs and cats as well.

As-is 133
article thumbnail

Stewart Title merges Nevada offices

Housing Wire

Stewart Title continues to tinker with its national footprint. The title giant recently combined its two Northern Nevada divisions – Legacy Division and Western Division. Legacy was previously Capital Title , and Western was formerly Western Title Company — the latter Nevada’s sixth-oldest company, which was acquired in a purchase of 57 title offices from ET Investments in September 2020.

Title 393
article thumbnail

The No. 1 Reason Homebuyers Are Moving Farther Away From the Big Cities

Realtor.com

Getty Images “I want a longer commute,” said just about nobody ever. However, today’s record-high home prices have led more homebuyers to sacrifice shorter commutes for larger homes at lower prices farther outside of the big cities, according to a recent Realtor.com® survey. That’s likely because many professionals worked remotely during the COVID-19 pandemic and expect to continue doing so a few days a week going forward.

article thumbnail

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.

article thumbnail

Creating clients for life in a hot purchase market

Housing Wire

Despite rising home prices and a supply crunch , the purchase market is still wildly hot. In light of that, HousingWire sat down with Peter Paglia, Chief Strategy Officer at HomeBinder, to discuss how to create a “Client for Life” in this environment. HousingWire: As the refi boom simmers down, why should lenders focus on creating clients for life?

Marketing 393
article thumbnail

NAHB Study Finds Double Sinks & Pantries the Most Popular Kitchen Features

Eye on Housing

In the recent NAHB study, What Home Buyers Really Want, 2021 Edition, side-by-side double sinks and walk-in pantries ranked as the most popular of 30 listed kitchen features. This result is based on a comprehensive, nationwide survey of 3,247 recent and prospective home buyers conducted in the summer of 2020. Among other things, the survey asked recent and prospective buyers.

As-is 122
article thumbnail

FHA mortgage insurance removal: Get rid of PMI or MIP

The Mortgage Report

How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer.

Mortgages 137
article thumbnail

Prices of Residential Construction Inputs Up 23% Year-Over-Year

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 3.6% in May (not seasonally adjusted) and have increased 16.5% over the past 12 months, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

article thumbnail

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.

article thumbnail

Value privacy? DuckDuckGo is the answer to breaking up with Google

The American Genius for Real Estate

(TECHNOLOGY) DuckDuckGo is a search engine that doesn't listen to home recordings, sell you stuff, or track your every movement. They just provide search results. The post Value privacy? DuckDuckGo is the answer to breaking up with Google appeared first on The American Genius Real Estate.

article thumbnail

Frank Sinatra’s Swinging Mountain Retreat Returns to the Market at $4.25M

Realtor.com

Silver Screen Collection/Getty Images Buyers are now eager to get away from it all in Frank Sinatra style. They’re flying in on helicopters and private jets to take a look at the legendary entertainer’s custom-built mountain retreat , perched above the Coachella Valley. It’s now back on the market for $4,250,000. Although the 7.5-acre estate in Palm Desert, CA, has been on and off the market for years, “The property and the market are now in alignment,” says the lis

Marketing 108
article thumbnail

Surviving Soaring Summer Temperatures

RIS Media

TNS)—When the weather is blistering hot, Dr. David Claypool, a Mayo Clinic emergency medicine physician, says you need to listen to your body. “What starts out as heat cramps can quickly move to heat exhaustion and then heatstroke when the body loses the ability to regulate and cool itself down,” says Dr. Claypool. He adds a reminder that people should begin the day hydrated and keep hydrating.

article thumbnail

Closing cost assistance: Where to get it and how it works

The Mortgage Report

Closing costs can take a big bite out of your savings. But there are closing cost assistance programs to help you cover the fees. Learn more here.

article thumbnail

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.

article thumbnail

Strategies to Kick Procrastination to the Curb

RIS Media

While procrastination is common for most people, it can also be the silent killer to an agent’s brand and bottom line. Putting off important tasks—especially in the current red-hot housing market—can set an agent back with missed opportunities to gain a new client or listing. But, as the old saying goes, time is money, and agents shouldn’t be wasting either.

Branding 106
article thumbnail

Bathroom Design Ideas: What’s Hot Right Now?

Point2Homes

Image: LEKSTOCK 3D / Shutterstock.com. When it comes to home updates that offer a good return on your investment, bathrooms are at the top of the list. But you definitely don’t want to put your money into improvements that are already past their prime. So, we’ve done the legwork and found the top bathroom trends that are making waves right now. Here are six hot bathroom design ideas to give you inspiration for your next bathroom update.

Design 98
article thumbnail

7 Time Management Tips Investors Need

RIS Media

Investors know that they need to do a great deal of diligent research if they hope to avoid buying a money pit. But who has time for all the things that go into properly vetting a potential property? It’s not just about doing your due diligence, but rather, providing your prospective REALTOR® the opportunity to give you their best pitch. And then, once you find the perfect property, there are more mountains of work for you to climb.

Investor 102
article thumbnail

Would You Rent This Windsor Terrace Two-Bedroom With Tin Ceilings, Laundry for $3,200?

Brownstoner

This floor-through in an early 20th century Windsor Terrace row house has some fetching details on display, including built-ins, wood floors and tin ceilings. It also boasts in-unit laundry and Prospect Park at the end of the block, which might make the monthly nut more palatable. It is on the top… Read More > The post Would You Rent This Windsor Terrace Two-Bedroom With Tin Ceilings, Laundry for $3,200?

article thumbnail

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.

article thumbnail

Canadian Bank Regulator Tightens Credit, As The Household Debt Risk Emerges Again

Better Dwelling

Despite rainbows and unicorns, Canadian household debt problems didn’t just disappear. In fact, they got worse in many cases, and the economy is finally strong enough to start thinking about them. The Office of the Superintendent of Financial Institutions (OSFI), the country’s bank regulator, announced the domestic stability buffer (DSB) will rise in October.

Banks 93
article thumbnail

Know a Building You Think Should Be Preserved? This Class Will Show You How to Landmark It

Brownstoner

If you have a historic building or neighborhood that you think is worthy of local designation but aren't sure how to start the process, the Historic Districts Council is offering some tips and tools as part of their Summer 2021 Preservation School. Preservationist Sara Bean Apmann will lead participants through… Read More > The post Know a Building You Think Should Be Preserved?

Design 102
article thumbnail

Mortgage and refinance rates today, June 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates moved appreciably higher yesterday, as we repeatedly warned was possible. Indeed, over the last three working days, they’ve risen from their lowest […].

article thumbnail

Daily Links: Homeless and Hotels Say They’re Not Ready for Switch to Shelters

Brownstoner

In the News NYC: 8,000 Homeless People to Be Moved From Hotels to Shelters [NYT] New York City Gets Another Major Marathon, in Brooklyn [NYT] One Willoughby Square Opens Its Doors in Downtown Brooklyn [BP] Eric Adams Failed to Disclose Co-Ownership of Prospect Heights Co-op [The City] Local NYC Bike Shops Are Out of Stock… Read More > The post Daily Links: Homeless and Hotels Say They’re Not Ready for Switch to Shelters appeared first on Brownstoner.

97
article thumbnail

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.