Eye on Housing
AUGUST 3, 2022
The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.
The American Genius for Real Estate
AUGUST 2, 2022
When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate.
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Keeping Current Matters
AUGUST 2, 2022
With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble.
Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
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Maximum Exposure Real Estate
AUGUST 2, 2022
Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale? It only […]. The post Appraisal Myths Too Many Sellers Believe appeared first on Maximum Real Estate Exposure.
Real Trends
AUGUST 2, 2022
Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 3, 2022
To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.
Brownstoner
AUGUST 1, 2022
It is months away, but perhaps thinking about an illuminated cold-season walk through the crisp air at Brooklyn Botanic Garden will get you through the rest of the summer heat. The glimmering spectacle, which debuted in 2021, will light up the garden from November 16 through January 8, 2023, with some… Read More > The post Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden appeared first on Brownstoner.
Eye on Housing
AUGUST 1, 2022
For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.
Keeping Current Matters
AUGUST 3, 2022
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this.
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Housing Wire
AUGUST 4, 2022
Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. The government-sponsored enterprise will start accepting such loans immediately. According to Fannie Mae’s guidance , “The lender must have a documented program that provides grants for low- to moderate-income borrowers, community development, equitable housing initiative
The American Genius for Real Estate
AUGUST 2, 2022
Opendoor has been fined millions for their claims of "more accurate offers and lower costs." The FTC says the opposite is true. The post FTC nails Opendoor with $62M fine for misleading consumers appeared first on The American Genius Real Estate.
Eye on Housing
AUGUST 2, 2022
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%. Both rental and homeowner vacancy rates are hovering near historical lows, reflecting tight housing.
Keeping Current Matters
AUGUST 1, 2022
Buying a home is a major life decision.
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Housing Wire
AUGUST 3, 2022
Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months, although the foreclosure rate is still expected to remain below the pre-pandemic historical average, a new report from Auction.com contends. The prediction by one of the nation’s leading marketplaces for distressed assets, is based on a survey of some 50 Auction.com clients, including private-sector mortgage servicers and government-sponsored enterprises (GS
GeekEstate
JULY 31, 2022
In this week’s founder interview, we’re bringing you Will Dunn from Gravy. Without further ado…. Who are you and what do you do? I am the co-founder and Chief Growth Officer at Gravy, a mobile app that helps renters save money and buy their first home sooner. I focus on our strategic roadmap and identifying new ways that we can help aspiring homeowners succeed.
Eye on Housing
AUGUST 1, 2022
As mortgage rates reached 3-year high, private residential construction spending decreased 1.6% to a seasonally adjusted annual rate (SAAR) of $923.7 billion in June, according to NAHB’s analysis of the Census Construction Spending data. It was the first decline since May 2020. On a year-over-year basis, total private construction spending was 15.6% higher.
Sotheby's International Real Estate
AUGUST 5, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Rye, New York | Christy Murphy, Julia B. Fee Sotheby’s International Realty . The historic home where Audrey Hepburn’s Sabrina lived most of her life dreaming up a whole new world with the Larrabees’ is now on sale for $11 million. Mansion where iconic Audrey Hepburn played ‘Sabrina’ lists for $11M – New York Post.
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.
Housing Wire
AUGUST 5, 2022
Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level.
GeekEstate
AUGUST 4, 2022
Members of the GEM (“Geek Estate Mastermind”) have access to original strategic analysis, a weekly digest to stay in the proptech know, private highly curated events, and a private forum complete with over 220 long-form essays in the archives. Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM.
Eye on Housing
AUGUST 5, 2022
Job growth accelerated in July amid higher inflation and growing economic pressures. Total nonfarm payroll employment increased by 528,000, and the unemployment rate edged down to 3.5% in July. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In July, residential construction gained 14,100 jobs, and non-residential construction added 18,300 jobs.
Maximum Exposure Real Estate
AUGUST 1, 2022
Buying a home isn’t the same as many other purchases you might make. Ownership is legally changed from the seller to the buyer, and there’s a lot of documentation and contracts involved with that. Because buying a house is more complicated it is often better to use an attorney for real estate purchases. Whether you […]. The post Why You Need a Real Estate Attorney When Buying or Selling a House appeared first on Maximum Real Estate Exposure.
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.
Housing Wire
AUGUST 5, 2022
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation.
Sotheby's International Real Estate
AUGUST 2, 2022
Although known primarily for her Emmy-winning turn on American television, Colombian-born superstar Sofia Vergara has also brought her natural beauty and grace to her work as a producer, spokesperson, and philanthropist. This seven-bedroom Beverly Hills estate, which Vergara shares with her husband and fellow Hollywood luminary, Joe Manganiello, was built in 2006.
Eye on Housing
AUGUST 5, 2022
Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building. The latest Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) data show that the pandemic housing boom brought this trend to a halt, with adults ages 35-64 now registering higher headship rates than they.
The American Genius for Real Estate
AUGUST 3, 2022
This app allows users to upload photos, videos, music and create a snappy-looking product in minutes - and they have templates for real estate. The post Stuck trying to create videos for social media? Try these templates appeared first on The American Genius Real Estate.
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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.
Housing Wire
AUGUST 5, 2022
In recent months, interest rates have risen to their highest level in years as the Federal Reserve has embarked on an aggressive tightening campaign in an effort to fight inflation. Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens.
HomeLight
JULY 31, 2022
A bathroom remodel in 2022 can increase a home’s value by as much as 53%-58% of what is spent on the renovation. Some remodels might even recoup up to 71% of your costs upon resale. Bathrooms are deal breakers (or makers) in a home sale , and buyers will place a hard minimum on their number of desired baths. But how does a bathroom remodel increase home value?
Eye on Housing
AUGUST 4, 2022
An earlier post revealed that 63% of buyers who were actively engaged in the process of finding a home in the 2nd quarter of 2022 have spent 3+ months searching for a home without success. The most common reason these long-term searchers cite for not having bought by now is their inability to find an affordable home (43%). In second.
Realty Biz
AUGUST 5, 2022
Congratulations on moving into your newly built home and I hope you enjoy many happy years living there. Everything is sparkling clean from the floors, to the walls, to the ceilings, and the brand-new appliances. However, enjoying life there brings wear-and-tear and that requires maintenance to keep everything in the most attractive shape and to prevent small problems from becoming big headaches.
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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