Sat.Sep 25, 2021 - Fri.Oct 01, 2021

article thumbnail

Mortgage rates finally eclipse the 3% mark

Housing Wire

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30, according to Freddie Mac’s latest PMMS survey. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types, in conjunction with the 10-year U.S.

article thumbnail

Don’t Tackle Selling Your Home on Your Own – an Agent Can Help

Keeping Current Matters

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. In a sellers’ market like today’s, it can be tempting to list your house on your own – known as For Sale By Owner (FSBO). But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations.

Agents 273
Insiders

Sign Up for our Newsletter

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

article thumbnail

Share of New Homes With 4 or More Bedrooms Jumped in 2020

Eye on Housing

The U.S. Census Bureau Survey of Construction’s (SOC) 2020 estimates of the shares of the number of bedrooms in new single-family homes showed a sharp upswing in the percentage of new homes started with 4 or more bedrooms, unlike in prior recent years. The most recent SOC data show the shares in the varying number of bedrooms in new homes.

article thumbnail

Buying a Home With Your Partner? Watch Out for These Common Disagreements

Lighter Side of Real Estate

Buying a home together is a major step for any couple. And while it’s an exciting step, it can also be a stressful one—particularly if there are things you and your partner just don’t agree on. But what, exactly, might you disagree on as you search for your dream home? A recent survey from LendingHome asked American couples about what they disagreed on while looking for a home—and a few key disagreements emerged, including: The price of the home (53 percent).

As-is 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

Pending home sales data crushes housing bears

Housing Wire

Today’s pending home sales came in at a big beat of estimates, running at 8.1% for this report. More importantly, this data line looks just right. One of my main goals for sharing housing sales data in 2021 is to give people a sales trend range to work off this year to know if home sales are doing well. Last year we had an abnormal burst of housing demand that was just make-up demand from the COVID-19 pause in the second half of 2020.

Sales 525

More Trending

article thumbnail

Canadian Households Now Have $2.5 Trillion In Debt, Over 102% of GDP

Better Dwelling

Canadian households are now so indebted, it exceeds the annual output of the economy. Statistics Canada (Stat Can) data shows the gross domestic product (GDP) printed modest quarterly growth in Q2 2021. The growth was dwarfed by household debt, which now exceeds the size of the country’s GDP. Economies with such large household debt loads […].

145
145
article thumbnail

6 Things People Say About Buying a Home Today That Actually Aren’t True

Realtor.com

It's a seller's market, but not everything you hear about buying a home today is true. We asked real estate agents to weigh in on some homebuying myths. The post 6 Things People Say About Buying a Home Today That Actually Aren’t True appeared first on Real Estate News & Insights | realtor.com®.

Agents 144
article thumbnail

US home prices hit record level (again)

Housing Wire

July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for the year ending in July 2021, up from 18.7% a month prior. This is the highest annual rate of price growth since the index began in 1987 and the fourteenth consecutive month of accelerating prices.

Finance 477
article thumbnail

Early October is the Sweet Spot for Buyers

Keeping Current Matters

Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home.

Closing 258
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

Canada And The United States Have The Highest Inflation In The G7

Better Dwelling

High inflation might seem like a global phenomenon these days, but that appears to be a media bias. The August Consumer Price Index (CPI) for G7 countries shows not all have elevated levels of inflation. Canada and the US are showing significantly higher headline inflation than their peers. Initially it was sold as transitory, but […]. The post Canada And The United States Have The Highest Inflation In The G7 appeared first on Better Dwelling.

142
142
article thumbnail

What’s Old Is New Again: 5 Homes Built in the 1800s

Sotheby's International Real Estate

In sought-after locations from Southampton to San Francisco, these irreplaceable homes afford the opportunity to own a personal piece of history. Serene Southampton Compound. Dawn Petrillo & Pat Petrillo, Sotheby’s International Realty – Southampton Brokerage. Dating to 1893 and conscientiously renovated in 2014, this estate is nestled an idyllic gated setting.

article thumbnail

PennyMac, UWM raise conforming loan limit ceiling

Housing Wire

PennyMac announced this week that it is upping conforming loan limits by almost 14% through broker and correspondent channels. According to PennyMac, for a one-unit property a borrower could receive $625,000, an increase of almost $75,000 from the maximum loan limit dictated by the Federal Housing Finance Agency (FHFA). The 2021 baseline national conforming loan limit for a one-unit property is currently capped at $548,250, though this number is expected to increase sometime in November.

Loans 450
article thumbnail

If You’re a Buyer, Is Offering Asking Price Enough?

Keeping Current Matters

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate and agree on a revised price somewhere in the middle.

Sales 252
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

A Canadian Bank Hiked Its Mortgage Rates, and Others Are Expected To Follow Soon

Better Dwelling

Global bond yields are rising and it’s going to push the cost of financing a mortgage a lot higher. The Government of Canada (GoC) 5-year bond yields pushed higher again yesterday. Earlier this week, we mentioned lenders are considering reversing recent mortgage rate cuts. Now we have our first to actually execute — TD. More […]. The post A Canadian Bank Hiked Its Mortgage Rates, and Others Are Expected To Follow Soon appeared first on Better Dwelling.

Banks 142
article thumbnail

21 Questions to Ask a Home Builder When Buying New Construction

Maximum Exposure Real Estate

What to Ask a Home Builder Are you wondering what questions to ask a home builder? The possibility of owning a brand new home has obvious appeal. Many new home buyers can get the home customized, making the property even more desirable. Additionally, with a new home, you don’t have to worry about all the […]. The post 21 Questions to Ask a Home Builder When Buying New Construction appeared first on Massachusetts Real Estate Exposure.

article thumbnail

LoanDepot sued 7 LOs after they left for a rival

Housing Wire

LoanDepot CEO Anthony Hsieh. After an origination team departed loanDepot in April of this year, loanDepot slammed the seven ex-employees and their new employer, CrossCountry Mortgage , with a lawsuit alleging they “hatched and implemented a scheme to loot loanDepot’s business.”. The Orange County, California-based retail lender , led by CEO Anthony Hsieh, in a lawsuit filed in San Diego Superior Court in June, alleged that the seven employees — the Meredith-Rogers team¸— stole client lists and

Loans 433
article thumbnail

Reasons Renters Buy [INFOGRAPHIC]

Keeping Current Matters

. Some Highlights. When deciding whether you should rent or buy , make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, talk to a trusted real estate professional to explore your options.

232
232
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

Inside a Striking Cow Hollow Aerie

Sotheby's International Real Estate

On the top floor of this striking modern four-bedroom home in San Francisco’s Cow Hollow neighborhood, walls, doors, and a ceiling of glass blur the lines between its stylish interiors and the iconic views of the city and the bay, which sweep past the Marin Headlands and the Palace of Fine Arts to the Golden Gate Bridge. The soigné living and entertaining spaces here—which include dining space with richly hued hardwood floors, an open gourmet kitchen, and a family room with a wood-burning firepl

132
132
article thumbnail

Canadians May Want To Prepare For Higher Mortgage Rates Soon: BMO

Better Dwelling

Canadian bond yields are on the rise, and a big bank has forecast it will take mortgages along for the ride as well. The latest research note from BMO focuses on climbing longer term bond yields. The bank sees this as just the beginning, and sees modest growth for the next two years. They also […]. The post Canadians May Want To Prepare For Higher Mortgage Rates Soon: BMO appeared first on Better Dwelling.

Mortgages 132
article thumbnail

Zillow’s purchase of ShowingTime closes

Housing Wire

Zillow on Thursday completed its $500 million acquisition of ShowingTime , which real estate agents use to schedule home viewings, as federal regulators did not extend their window to review the deal. The Seattle-based home listings platform had announced buying the Chicago-headquartered schedule making app in February during the company’s annual earnings call.

Closing 424
article thumbnail

Understanding the CMA – Comparative Market Analysis

Realty Biz

Whether you are a seller, buyer, or investor, the Comparative Market Analysis (CMA) is an essential real estate pricing tool to understand. The basic purpose is to determine the current value of the property that constantly varies based on local market activity. Many factors are taken into consideration with local market values having the greatest effect, but other influences do strongly impact the current value of a property.

Marketing 131
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

Significant Sales: August 2021

Sotheby's International Real Estate

From a US$60M sale in New York to a CAD$58M sale in Canada, discover five sales represented by Sotheby’s International Realty. New York. New York, New York | Nikki Field, Sotheby’s International Realty – East Side Manhattan Brokerage, Sold for $60,000,000. Hong Kong. Hong Kong | Carman Szeto & Alan Wong, List Sotheby’s International Realty, Sold for $428,000,000 HKD.

Sales 127
article thumbnail

Berlin Residents Just Voted In Favor of Nationalizing 240,000 Apartments From Landlords

Better Dwelling

Germany is one of the world’s biggest real estate bubbles, and it might pop in a spectacular way. Yesterday the majority of Berlin residents voted to nationalize 240,000 rental units. The move was driven by Deutsche Wohnen & Co. enteignen (DW enteignen), a housing activist group looking to cut large corporate landlords. The referendum isn’t […].

131
131
article thumbnail

Competing in the sizzling housing market of Provo, Utah

Housing Wire

Nestled between Utah Lake and the towering peaks of the Wasatch Mountain Range, it is hard to imagine that anything in the Provo-Orem metropolitan area could be anything other than serene. But for the past 12 months, the metro’s housing market has been in complete chaos. “It is hot, hot, hot here,” Clay Winder, a real estate agent for Keller Williams Westfield , said.

Marketing 414
article thumbnail

#340: How to Make $1 Million in Business with No Employees, with Elaine Pofeldt

Afford Anything

Imagine this: You start a side hustle. Maybe you sell planners or lead workouts in the park. You make a few thousand dollars during your first year. It’s fun beer money, but not enough to quit your day job. But you keep growing. You run this as a one-person operation, though you bring on freelancers or independent contractors. Your revenue grows into the five figures.

Investor 113
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.