Sat.Oct 21, 2023

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New listings data unfazed by 8% mortgage rates

Housing Wire

The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when new listings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest new listings data.

Mortgages 537
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NAR might have more paths to victory in commissions cases

Real Estate News

Defendants presented opening arguments during week one of the Sitzer/Burnett trial. An industry lawyer sees two additional ways they might prevail in court.

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Glamorous Glass: 3 Homes with Eye-Catching Stained-Glass Windows

Sotheby's International Real Estate

Whether it accents a home’s façade or provides a splash of unexpected color in a tucked-away interior space, stained glass transforms light into vivid, glowing hues, creating details that are visually striking and vibrant. Timeless Elegance in Russian Hill Carol Goldberg | Sotheby’s International Realty – San Francisco Brokerage Meticulously restored, this 1915 Russian Hill residence is an ideal setting for sophisticated living and entertaining with iconic views of the Golden Gate Bridge

Brokerage 110
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Brokerage Beat: News from United, KW, Engel & Völkers, eXp

Real Estate News

United DFW merges with Insight Realty; Keller Williams expands to Curaçao; E&V adds a third shop in coastal Massachusetts; eXp gains Missouri team.

Brokerage 255
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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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Things Builders Should Know About Spec Home Loans

Realty Biz

First-time Spec house builders need to understand the nuances of financing to ensure successful projects. From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Builders must also consider budgeting, obtaining licenses, and working with lenders and intermediaries. Development financing for larger new construction projects and alternative financing approaches should also be considered.

Loans 108
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Galveston Housing Market: Prices, Sales, Forecast 2023

Marco Santarelli

The Galveston housing market is a topic of great interest for both potential homebuyers and real estate enthusiasts. In this report, we will delve into the key aspects of the Galveston housing market, including home prices, sales trends, and forecasts. The Galveston housing market is somewhat competitive, characterized by homes receiving multiple offers and selling relatively quickly.

Sales 104

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Seeing Greene: Inherited Houses, HELOC Risks, and Our Favorite 2-Star Review

Bigger Pockets

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023.

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California Exodus

BubbleInfo

The number of former Californians who became Texans dropped slightly last year, but some of that slack was picked up by Arizona and Florida, which saw their tallies of ex-Californians grow, according to new state-to-state migration figures released Thursday. The flow of Californians to Texas has marked the largest state-to-state movement in the U.S.

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An ancient Japanese home was rebuilt in L.A. Now’s your chance to look inside

Seattle Times Real Estate

The $10 million job of moving a centuries-old shoya house from Japan to the U.S. was far more complicated than just taking apart a puzzle and putting it back together.

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Rate Buydowns

BubbleInfo

People might think that 8% mortgage rates will kill the real estate market, but they are one more thing that can be fixed with money. Two popular strategies to lower the mortgage rate: 30-year fixed rate buydown: Paying one point, or 1% of the loan amount will lower the rate by 1/4%.

Loans 95
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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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Top 5 Stories on Brownstoner This Week: Construction Will Surround Gage & Tollner

Brownstoner

Gage & Tollner Will Likely Be Surrounded by Construction for Years, Then Skyscrapers Fulton Street’s iconic Gage & Tollner restaurant will likely be the last standing historic building on its Downtown Brooklyn block. Applications for demolition permits have been filed for the entire southern stretch of Fulton Street between Red Hook… Read More > The post Top 5 Stories on Brownstoner This Week: Construction Will Surround Gage & Tollner appeared first on Brownstoner.

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Fall 2023 State of the Multifamily Market – Time for Optimism

A Student of the Real Estate Game

Although it’s only been a few months since my last state of the multifamily market update , I feel like it’s time to write another one. That post is not dated by any means but needs to be expanded upon. The world is changing rapidly, pessimism has crept in, rates being higher for longer is becoming consensus, and ‘survive until 25’ is the new motto.

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Morgan Stanley Predicts That Home Prices Will Drop Up to 5% in 2024

Marco Santarelli

In a recent analysis, Morgan Stanley has revealed that home prices could experience a significant drop of up to 5% in the coming year if mortgage rates remain at their current 8% level. The bank's strategists pointed to the recent surge in mortgage rates, with the average 30-year fixed rate reaching a two-decade high. This rise in rates has led to concerns about the impact on the housing market and affordability.

Lending 52
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Clarksville Housing Market: Prices, Sales, Forecast 2023

Marco Santarelli

In recent years, the Clarksville housing market has been a subject of growing interest for both homebuyers and real estate investors. This dynamic market offers a range of opportunities, from affordable homes to potential investment properties. In this post, we'll delve into the key trends, statistics, and forecasts for the Clarksville, TN housing market as of September 2023.

Sales 98
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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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Ogden Housing Market: Prices, Sales, Forecast 2023

Marco Santarelli

The latest data shows that the Ogden housing market is showing promise with its competitive nature and steady growth in home prices. It remains an affordable option compared to the national average, attracting both local and out-of-state homebuyers. With favorable migration trends and good transportation options, Ogden's real estate market seems poised for a bright future.

Sales 98
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Waco Housing Market: Home Prices, Sales, Forecast 2023

Marco Santarelli

Waco Housing Market: Home Prices, Sales, Forecast The Waco housing market is experiencing changes in 2023, with decreases in sales volume and home prices. The increase in months of inventory suggests a shift towards a more balanced market. Job growth in Waco has been positive, but the rise in the unemployment rate is a point of concern. Waco Housing Market Report Let's dive into the latest housing data for Waco, Texas, sourced from Texas REALTOR and analyzed by the Texas Real Estate Research Ce

Sales 98