Housing Wire
JANUARY 5, 2022
The Federal Housing Finance Agency introduced new upfront fees on Wednesday for some high-balance and second-home loans sold to Fannie Mae and Freddie Mac. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio. For second home loans, the upfront fees will increase between 1.125% and 3.875%, also tiered by loan-to-value ratio.
Keeping Current Matters
JANUARY 5, 2022
Many homeowners who plan to sell in 2022 may think the wise thing to do is to wait for the spring buying market since historically about 40 percent of home sales occur between April and July.
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Eye on Housing
JANUARY 5, 2022
Consumer confidence continued to improve in December as inflation concerns eased after hitting a 13-year high last month. Spending intentions for homes, cars, and major appliances all increased. However, consumer spending will continue to face headwinds from higher prices, Omicron surge and reduced fiscal stimulus in 2022. The Consumer Confidence Index, reported by the Conference Board, rose 3.9 points from.
Sotheby's International Real Estate
JANUARY 1, 2022
A daily wellness routine is no sweat when a home enjoys its own top-tier fitness equipment, private lap pools, professional-caliber sports courts, and flourishing vegetable gardens. Luxurious Living in Dumbo. Brooklyn, New York | The Heyman Team, Sotheby’s International Realty – Downtown Manhattan Brokerage. Offering 4,565 square feet of sophisticated living and entertaining space along with an enviable terrace, this five-bedroom residence is a chic aerie full of light that revels in views
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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.
Housing Wire
JANUARY 6, 2022
A federal law mandates that Fannie Mae and Freddie Mac help households on moderate, low, or very low income. The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. But according to the Federal Housing Finance Agency , which has oversight power over Fannie and Freddie, the GSE’s must go back to the drawing board when it comes to their
Keeping Current Matters
JANUARY 6, 2022
When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Sotheby's International Real Estate
JANUARY 4, 2022
Familiarly known as the Queen’s Necklace, the sparkling jewel-like lights that ring the Santa Monica Bay make up much of the sweeping vistas enjoyed from this dazzling contemporary home perched above highly desirable Amarillo Beach. Malibu, California | Shen Schulz, Sotheby’s International Realty – Malibu Brokerage. Newly custom-built, the 5,085-square-foot modern masterwork boasts a breezy, effortless flow throughout.
Housing Wire
JANUARY 6, 2022
This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business.
Keeping Current Matters
JANUARY 3, 2022
As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase.
Realtor.com
JANUARY 6, 2022
Realtor.com / Getty Images Today’s highly competitive housing market looks quite different from how it did before COVID-19 struck. Over the past two years, as the pandemic raged, the number of homes for sale plunged by over 57%, leading prices to skyrocket 25% from December 2019 to December 2021, according to a recent Realtor.com® report. Last month, the number of home listings dropped 26.8% compared with the same time a year earlier.
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Better Dwelling
JANUARY 3, 2022
Over the past year, we’ve heard that younger households were behind the real estate binge. In addition to transfer data showing that’s not true, Equifax mortgage data for Q3 2021 agrees. Most demographics showed little change in their borrowing patterns, except for the extremes. Millennial-led households maintained their share of mortgages, but a larger share […].
Housing Wire
JANUARY 6, 2022
The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. The 15-year fixed rate mortgage averaged 2.43% last week, up from 2.33% the week prior. A year ago at this time, it averaged 2.16%.
Keeping Current Matters
JANUARY 4, 2022
Are you one of the many renters thinking about where you’ll live the next time your lease is up?
Eye on Housing
JANUARY 4, 2022
The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials.
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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.
Brownstoner
JANUARY 3, 2022
In 2019, the Weeksville Heritage Center was in danger of closing. Situated on land that was once part of one of the largest free black communities in the United States in the nineteenth century, the institution was in trouble due to rising operating costs and issues with fundraising. Through crowdfunding,… Read More > The post The Weeksville Heritage Center Looks to the Future With a Focus on Art and Community appeared first on Brownstoner.
Housing Wire
JANUARY 5, 2022
Some Federal Housing Administration -approved mortgage servicers have routinely flouted the agency’s loan modification program, according to Washington, D.C. Attorney General Karl Racine and 20 other state attorneys general. The attorneys general wrote in a Dec. 21 letter that a number of mortgage servicers employed by FHA-approved lenders failed to adequately implement loan modification options the FHA introduced in July.
The Mortgage Report
JANUARY 7, 2022
When you apply for a mortgage online with an all-digital lender, it will likely be faster and easier. But that doesn't always mean rates will be lower.
Realtor.com
JANUARY 5, 2022
Photo courtesy of Marc Angeles An outsized megamansion in Los Angeles has finally landed on the market. But how much will a buyer be willing to pay for this behemoth? Known as “The One,” the Bel-Air estate is to be listed for $295 million. As part of the sales process, it will also head to an online auction in February. In a profound understatement, the listing agent, Aaron Kirman of Aaron Kirman Group at Compass says of the home, “It’s definitely one of a kind.” Kirman is representing the
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.
Better Dwelling
JANUARY 6, 2022
Canadian real estate has been the ideal tax shelter, but that might change soon. Generation Squeeze, a Vancouver-led non-profit advocating for Millennials, released its Solutions Lab report. The CMHC-funded (but independent) study has four suggestions for improving housing affordability. Today we’re going to dive into its most controversial proposal stirring debate — a progressive tax […].
Housing Wire
JANUARY 5, 2022
The most wonderful time of the year, as the song would have us believe, comes to a close with Epiphany, the 12 th day of Christmas, Jan. 6. I do hope everyone had a joyous holiday season, spending some relaxing time with family and friends. The holiday season is winding down. So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history.
Eye on Housing
JANUARY 3, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.9% in November after a decrease of 0.2% in October 2021. It stood at a seasonally adjusted annual rate of $796.3 billion. Total private residential construction spending was 16.3% higher than a year ago. These monthly gains are attributed to the strong growth of spending.
Realtor.com
JANUARY 7, 2022
Photos via Instagram by piloproject / myplantlover / brabbu After the holiday rush, it’s easy to fall into a January slump. The days are short and cold, and you’ve packed away the merry rush of festivities until next December. But although the Yuletide buzz may be gone, the new year spark can infuse your home as this magical winter month offers its own tonic: rest.
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.
BubbleInfo
JANUARY 2, 2022
Taking a cash offer is a sexy option but no guarantee to get past the home inspection. The best buyers work with the best agents, and another variable worth considering when selecting the winner. Almost 27 percent of San Diego County home sales were in cash in the third quarter — the highest in seven […].
Housing Wire
JANUARY 7, 2022
This video is part of our HousingWire 2022 forecast series. After the series wraps in January, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Eye on Housing
JANUARY 6, 2022
The failure of domestic sawmills to sufficiently boost output in the face of ongoing strong home buyer demand was a primary factor that contributed to record-high lumber prices and price volatility in 2021. Soaring lumber prices, combined with delays and higher costs for other building materials, continued to be a significant limiting factor for home building throughout 2021 despite a.
Realtor.com
JANUARY 3, 2022
Realtor.com Something about this time of year makes most of us dream of cozying up by the fire in a woodsy cabin away from the madding world. And after the last 21 months (and counting) that we’ve had, that fantasy isn’t limited to wintertime. How do we know? Well, in 2021, throngs of you perused all the log cabins to hit the market. We counted up the clicks and found the 10 most popular retreats on Realtor.com®.
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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.
Better Dwelling
JANUARY 5, 2022
Canadian bond yields are soaring, but the central bank isn’t expected to raise rates. At least not yet, according to an analysis from BMO Capital Markets. Government of Canada (GoC) bond yields showed a multi-year high for annual growth in 2021. This means rising market expectations of the overnight rate climbing in the near-term. Despite […].
Housing Wire
JANUARY 4, 2022
For well over a decade, the industry has made steady progress in digitizing mortgage closings. As a result, closings today fall on a spectrum of digitization, with benefits that increase with each component that is digitized and each document that is electronically signed (eSigned). On one end are traditional wet-ink signed closings, where all documents are signed in ink.
Sotheby's International Real Estate
JANUARY 5, 2022
Graceland is a delightfully crafted villa nestled on the shore of Crawl Bay, Antigua and just a ten-minute drive from the historic English Harbour Town. ?. Antigua & Barbuda | Elijah Mcdonald, Antigua & Barbuda Sotheby’s International Realty. The main house boasts a ultra-modern kitchen with high end appliance brands such as German manufacturer Schulle, Miele and Siemens with Corian worktops and comprises the primary bedroom en-suite which opens directly to the pool lounge areas, a
Realtor.com
JANUARY 7, 2022
Realtor.com A Mediterranean-style waterfront estate in an exclusive community in New Rochelle, NY, is now on the market for $4.9 million. “Finding a house in Premium Point is nearly impossible,” says the listing agent, Margaret Grasso of Berkshire Hathaway HomeServices, who says she and her family recently scooped up a home there earlier this year.
Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group
Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.
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