Housing Wire

SEPTEMBER 22, 2021

The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble boys and the forbearance crash bros have whiffed just as severely in 2021 as they did in 2020. So far this year, every existing home sales print has been higher in 2021 than the closing level of sales in 2020, which was 5,640,000.

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Sales Closing Mortgages As-is 530

Keeping Current Matters

SEPTEMBER 23, 2021

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022?

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Principal Mortgages Equity Loans 279

Eye on Housing

SEPTEMBER 20, 2021

Builder confidence inched up in September on lower lumber prices and strong housing demand, even as the housing sector continues to grapple with building material supply chain issues and labor challenges. Ending a three-month decline, builder sentiment in the market for newly built single-family homes edged up one point to 76 in September, according to the National Association of Home.

Marketing 124

Marketing 124

Sotheby's International Real Estate

SEPTEMBER 18, 2021

Nothing compares to the experience of relaxing with a good book. From light-filled and contemporary to formal and wood-clad, these five libraries are ideal for displaying and enjoying a collection of favored volumes. Luxurious Light-Filled Loft. Manhattan, New York | Roberta Golubock, Sotheby’s International Realty – East Side Manhattan Brokerage .

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Brokerage Design 143

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Housing Wire

SEPTEMBER 23, 2021

Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter of 2020. The amount of equity for a property is determined by comparting the estimated current value of the property against the mortgage debt outstanding (MDO).

Equity 545

Equity Residential Mortgages As-is 545

Keeping Current Matters

SEPTEMBER 24, 2021

Some Highlights. Due to low supply and high demand , today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values , and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market.

Marketing 269

Marketing Agents Sales 269

Sotheby's International Real Estate

SEPTEMBER 21, 2021

Records from the New York State Historical Association recount that the first American flag featuring white stars in a blue field was designed not by Betsy Ross but by members of a Third New York Regiment company led by John Hulbert, then a captain and later a colonel in the colonial armed forces. In the lush front yard of this timeless home on Captains Row—one of two built by Hulbert in Sag Harbor in the late 1700s—a plaque at the base of a flagpole proclaims that legacy, declaring that Hulbert

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Brokerage Design 140

Housing Wire

SEPTEMBER 21, 2021

American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data. Today, an estimated 21 million people rent a suburban home in one of 50 largest metros. On average, renters made up 39% of the suburbs surrounding these metros.

Marketing 466

Marketing Closing As-is 466

Keeping Current Matters

SEPTEMBER 20, 2021

If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American , homeowners are staying put much longer than historical averages ( see graph below ): As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has more than doubled to over 10 years.

Equity 250

Equity Loans As-is Industrial 250

Better Dwelling

SEPTEMBER 18, 2021

Canadians are seeing higher inflation and one of the country’s biggest banks thinks you might want to get used to it. BMO senior economist Douglas Porter wrote to capital markets customers to clarify a position in a national newspaper. The outlet had isolated his quote, and used it to downplay concerns about inflation. In reality, […]. The post Canadian Inflation Will Be High Through Next Year, The Media Got Us Wrong: BMO appeared first on Better Dwelling.

Banks 137

Banks Marketing 137

Advertiser: Trellis

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Loans

Realty Biz

SEPTEMBER 18, 2021

There are many ways to successfully invest in real estate. Hard money lending isn’t heard about as much these days but still has a valuable place in the investing world. Hard money lenders generally don’t value real estate in the same ways as most investors and other real estate professionals. Hard money loans can be easier to get, but they can be expensive.

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Hard money loan Finance Loans Investor 134

Housing Wire

SEPTEMBER 23, 2021

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S. financial markets,” said Sam Khater, Freddie Mac’s chief economist.

Mortgages 450

Mortgages Fixed-rate mortgage Construction Banks 450

Keeping Current Matters

SEPTEMBER 22, 2021

There’s a common misconception that, as a homebuyer , you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary.

VA loan 245

VA loan Lending Loans Sales 245

Better Dwelling

SEPTEMBER 21, 2021

The Canadian election is over and the country’s leadership remains largely unchanged. However, a laundry list of election promises mean big changes to real estate are coming. Most of the promised plan seeks to create more demand for housing, which softens price drops. Expect more of the same currently being done, but with a revamped […]. The post Canada Re-Elected The Same Leadership, But Real Estate Will Be Very Different appeared first on Better Dwelling.

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Sales

Maximum Exposure Real Estate

SEPTEMBER 24, 2021

Common Mortgage Questions—Information You Need to Know If you are buying a home, you probably have some mortgage questions. For first-time home buyers, the process of getting a mortgage can seem intimidating. Many factors come into play when getting a loan for a home—and if you haven’t done it all before, it can potentially be […]. The post Top 16 Mortgage Questions to Get Answered Before Buying a Home appeared first on Massachusetts Real Estate Exposure.

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Mortgages Loans 127

Housing Wire

SEPTEMBER 24, 2021

It’s no secret that housing is in short supply. According to Realtor.com , the country is a whopping 5.24 million homes short. And total active listings? Those are down 24% over the year. To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for.

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Lending Finance Loans Investor 431

Keeping Current Matters

SEPTEMBER 21, 2021

A lot has changed over the past year. For many people, the rise in remote work influenced what they’re looking for in a home and created a greater appetite for a dedicated home office. Some professionals took advantage of the situation and purchased a bigger home. Other people thought working from home would be temporary, so they chose to get creative and make the space they already had work for them.

Marketing 232

Marketing 232

Better Dwelling

SEPTEMBER 20, 2021

Canadian real estate is expected to be slow for the rest of this year, but it won’t last very long. The Canadian Real Estate Association (CREA) shared their 2021 forecast. In the forecast for this year, they see minimal movement from the current average sale price. Next year they see huge gains returning, especially in […]. The post The Canadian Real Estate Industry Has Forecast Face Ripping Price Gains Next Year appeared first on Better Dwelling.

Industrial 129

Industrial Sales Mortgages 129

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.

Agents

Coldwell Banker

SEPTEMBER 23, 2021

Shorter days and cooler temperatures can only mean one thing: fall is on its way and winter won’t be far behind. So today, we’re dishing up some seasonal interior design tips to help you give your home a cozy, warm vibe just in time for fall (without having to spend big). The post 3 Affordable and Cozy Home Revamp Ideas to Try this Fall appeared first on Coldwell Banker Blue Matter.

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Design 127

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. Fannie Mae dropped its projected origination volume for 2021 to $4.33 trillion from the $4.36 trillion it projected in August. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion.

Mortgages 421

Mortgages Construction Sales Marketing 421

Lighter Side of Real Estate

SEPTEMBER 23, 2021

The road to homeownership is paved with plenty of opportunities for mistakes—many of which could cost you your mortgage and tank your home purchase. But if you’ve never bought a home before, you may not be aware of those potential mistakes. So, the question is, what are the most important mistakes to avoid during the homebuying process? A recent article from The Mortgage Reports outlined major (and costly!

Debt-to-income ratio 117

Debt-to-income ratio Pre-approval Mortgages Finance 117

Better Dwelling

SEPTEMBER 22, 2021

Canadian home prices are moving faster than wages, leaving a lot of cash-poor, house-rich Boomers. The Ontario Teachers’ Pension Plan Board (OTPPB) must see opportunity, because they are buying a large reverse mortgage lender. The pension announced its acquisition of HomeEquity bank today. It might not be a familiar name, but their flagship product might […].

Mortgages 127

Mortgages Banks 127

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.

Agents

Realty Biz

SEPTEMBER 19, 2021

If you are lucky enough to have a garage, you should do everything you can do to take advantage of the space. Most garages aren’t even used as safe storage for your vehicle but end up being a storage unit for any unused items and junk. Vintage rummage junk pile storage area mess. If you have kids in your home , you know how much space they and their toys and activities can take up in the house.

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Inspection Construction As-is 120

Housing Wire

SEPTEMBER 22, 2021

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front foot again. The increase in application activity is quite different from the MBA’s survey published in early September , which saw application volume decline by 1.9%, dragged down in part by low refi activity and unexpectedly low purchase volume.

Mortgages 410

Mortgages Construction Loans Industrial 410

RIS Media

SEPTEMBER 23, 2021

Freddie Mac’s Primary Mortgage Market Survey (PMMS) was recently released, reporting that the 30-year fixed mortgage rate (FRM) averaged 2.88®. Mortgage details: – 30-year fixed-rate mortgage averaged 2.88% with an average 0.7 point for the week ending Sept. 23, 2021, up slightly from last week when it averaged 2.86%. Last year, the 30-year FRM averaged 2.90%. – 15-year fixed-rate mortgage averaged 2.15% with an average 0.6 point, up from last week when it averaged 2.12%.

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Fixed-rate mortgage Mortgages Investor Loans 117

Better Dwelling

SEPTEMBER 20, 2021

A few months ago, central banks were worried Canadians wouldn’t borrow debt. Now Canadians are borrowing at one of the fastest rates in history, and have an astronomical pile of it. Bank of Canada (BoC) data shows outstanding mortgage credit reached a record high in July. There are some signs mortgage credit is slowing, but […]. The post Canadian Mortgage Debt Sees Fastest Growth Since 2008, Balance Hits 89% of GDP appeared first on Better Dwelling.

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Mortgages Banks 118

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Agents

Point2Homes

SEPTEMBER 21, 2021

Image: Krakenimages.com / Shutterstock.com. Buying a home is a tremendous investment, both financially and emotionally. All going well, your efforts should reward you with the keys to your dream home, and you’ll live happily ever after. Sadly, that’s not always the case. The good news is that most major homebuying catastrophes can be avoided by keeping an eye out for the following 13 warning signs.

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Inspection House Flipping Renovation Closing 116

Housing Wire

SEPTEMBER 20, 2021

From having to manage high volumes to finding innovative ways to appraise homes while maintaining distance, it’s no secret appraisers faced challenges during the beginning of the coronavirus pandemic. To ensure appraisers are able to effectively manage their portfolio, they need a remote solution that leverages technology without compromising the appraisal process. .

Technology 409

Technology Industrial 409

Fancy Pants Homes

SEPTEMBER 24, 2021

Rock and roll icon and three-time bestselling author Nikki Sixx has just unloaded his Westlake Village home. Sixx — best known as the co-founder, bassist, and primary songwriter of the band Mötley Crüe, which he started alongside drummer Tommy Lee — listed his home for sale in October 2020, asking $5,699,000 for the 5-bedroom spread. Now, we got word that his gorgeous home in Westlake Village, CA has found a new owner, closing for $5.180 million.

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Title Sales As-is Closing 111

The American Genius for Real Estate

SEPTEMBER 23, 2021

(EDITORIAL) We can tell women to "lean in," or we can address what researchers point to as the real challenge - leadership is still seen as a masculine trait. The post The real reason women are overlooked? Leadership is seen as masculine appeared first on The American Genius Real Estate.

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As-is 111

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.

Sales