Housing Wire

JANUARY 12, 2022

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020. Unfortunately, that didn’t happen and recent data shows that we are at fresh new all-time lows in housing inventory, with mortgage rates and the unemployment rate both under 4% currently.

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Keeping Current Matters

JANUARY 11, 2022

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more.

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Marketing 262

RIS Media

JANUARY 13, 2022

Foreclosure filings were down 29% from 2020 and down 95% from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005, according ATTOM’s Year-End 2021 U.S. Foreclosure Market Report, released this week. The filings, which include default notices, scheduled auctions and bank repossessions, were reported on 151,153 U.S. properties in 2021, and represented 0.11% of all U.S. housing units, down from 0.16% in 2020 and down from a peak of 2.23% in 2010. 2021 Year-End His

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Equity Banks Mortgages Industrial 114

Better Dwelling

JANUARY 14, 2022

Canadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have accelerated. Cities have seen up to 90% of recently completed homes go to investors, […].

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Housing Wire

JANUARY 11, 2022

Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to decline during 2022. In October, 3.8% of mortgages were delinquent by at least 30 days, including foreclosure, close to the 3.7% rate registered in the same period of 2019.

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Mortgages Loans Equity Closing 528

Keeping Current Matters

JANUARY 13, 2022

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021.

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Marketing 264

Better Dwelling

JANUARY 12, 2022

The kings of Bay Street aren’t happy with Canada’s central bank, and they’re no longer holding back criticism. Four of the “Big Six” banks have recently urged the Bank of Canada (BoC) to raise the overnight rate. Another bank hasn’t urged action, yet. However, they’ve warned consumers of the risk of buying a home at […]. The post Four Canadian Banks Urge The BoC To Raise Rates, Another Is Warning Home Buyers appeared first on Better Dwelling.

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Housing Wire

JANUARY 13, 2022

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. The 15-year fixed rate mortgage averaged 2.62% last week, up from 2.43% the week prior. A year ago at this time, it averaged 2.23%.

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Fixed-rate mortgage Mortgages Loans Closing 491

Keeping Current Matters

JANUARY 12, 2022

If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market.

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Marketing 243

Sotheby's International Real Estate

JANUARY 11, 2022

Known for its sandy coves, rocky bluffs, and the eponymous semiprecious stones that often wash up on its shore, Moonstone Beach is one of Southern California’s most beloved stretches of coastline. On an emerald perch high above, this consummately private 78-acre estate is an elegant, self-sufficient sanctuary encompassing a 12,000-square-foot residence, an inviting guesthouse, staff quarters, garaging to showcase up to 50 cars, two event halls, a helipad, equestrian facilities, six acres of roll

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Land 140

Advertiser: Trellis

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.

Loans

Better Dwelling

JANUARY 8, 2022

Canadian real estate might have a lot more foreign owners than previously thought. Diving through Statistics Canada (Stat Can) data, we found non-resident participation in homeownership soared in 2020. Non-resident buyers have a small share in property transfer records, but foreign capital is pouring in. In the four provinces tracked, about 1 in 10 recently […].

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Housing Wire

JANUARY 10, 2022

HousingWire recently spoke with Tom Kriby, Vice President of Client Development and Partnerships at Westwood Insurance, about how insurance issues can hold up a home closing and how lenders can integrate insurance into their process to help their homebuyers avoid delays. HousingWire: What are some unexpected things that can delay a home closing? Tom Kriby: Everyone knows home inspections and appraisals can hold up a closing, but insurance is another possible roadblock for an on-time closing.

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Closing Loans Inspection Technology 491

Eye on Housing

JANUARY 10, 2022

Average hourly earnings for residential building workers have been growing fast recently, driven by the tightening construction labor market. Last Friday, the Bureau of Labor Statistics (BLS) reported that the unemployment rate declined to 3.9% in December, the lowest rate since the pandemic. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector.

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Sotheby's International Real Estate

JANUARY 8, 2022

With specially chosen lighting, top-tier sound systems, and comfortable oversized seats, these home theaters make private viewing a pleasure. Classical Luxury in Los Angeles. Los Angeles, California | Tracey D. Clarke & John Giddins, Sotheby’s International Realty – Sunset Strip Brokerage. Traditional in style and filled with natural light, this wonderful 5,580-square-foot home is secluded at the end of a long gated drive on 1.14 parklike acres.

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Brokerage 138

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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.

Sales

Better Dwelling

JANUARY 8, 2022

Canada’s most expensive province is finally giving hard-hit millionaire homeowners some help. The Government of British Columbia (GBC) raised the threshold for its Home Owner Grant. A primary residence worth up to nearly $2 million is eligible for the property tax rebate. Programs like this are usually for low-income households, not millionaire homeowners.

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Housing Wire

JANUARY 11, 2022

Since its launch in August 2020, FinLedger has kept its pulse on the explosive and expansive sector of financial technology for thousands of readers. And now we’re ready for the next stage of FinLedger’s growth. As part of HW Media’s vision to cover All Things Housing, FinLedger will narrow its focus to proptech coverage, doubling down on a category of fintech that attracted $32 billion in investment in 2021 and yet is oft-overlooked by newsrooms.

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Staging Technology Mortgages As-is 490

Eye on Housing

JANUARY 12, 2022

Led by higher prices for shelter and used vehicles, consumer prices soared by 7.0% in December from a year ago. It was the largest year-over-year gain since June 1982. However, energy prices fell in December, ending a long series of increases. Supply-chain constraints and strong consumer demand related to the pandemic and the reopening of the economy have contributed to.

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Realtor.com

JANUARY 11, 2022

Getty Images If you’ve ever moved out of a home, then you know how hard it can be to leave the space you’ve grown to love. You might even have become very attached to the glass-front kitchen cabinets, that entryway built-in, or your favorite tree in the backyard over the years. But traditionally, these are items that are firmly rooted (pun intended) in the home and stay behind for the next owner to enjoy.

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Agents Sales As-is 124

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

Better Dwelling

JANUARY 10, 2022

Canadian real estate is amongst the most expensive in the world, but it’s not due to materials or labor. RLB, a global consultancy for builders, released its annual North American construction guide for 2022. Major cities in Canada topped the list when it came to building cost growth. It’s not unexpected when Toronto is the […]. The post Canadian Real Estate Construction Costs Are Amongst North America’s Lowest: RLB appeared first on Better Dwelling.

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Construction New Construction 143

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lendin

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Equity Purchase and sale agreement Loan Officer Lending 466

Realty Biz

JANUARY 10, 2022

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from James in TX: Hello Brian, my brother and I inherited a 40-acre piece of property recently. It’s a flat piece of property less than a mile outside of a small town with a population of about 12,000 people.

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Development Land Due diligence Investor 118

Realtor.com

JANUARY 13, 2022

HGTV Jenny and Dave Marrs , the hosts of “Fixer to Fabulous,” meet plenty of homeowners who do some upgrades around the house, but their latest clients want to move—to their garage. In the Season 3 episode “New Tudor Home for a Newborn,” Jenny and Dave meet Brook and Aaron Smith , who own a 1971 Tudor–style home in Rodgers, AR.

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Renovation Design Branding As-is 119

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

Better Dwelling

JANUARY 13, 2022

America’s largest bank is making a bold call for Canada’s central bank — it will raise rates within days. JP Morgan (JPM) economist Silvana Dimino shared their forecast for Canadian interest rates. JPM sees the Bank of Canada (BoC) hiking the overnight rate five times in 2022, sending it 500% higher. Most surprising is how […]. The post The Bank of Canada Will Raise Rates In Two Weeks, End Year 500% Higher: JP Morgan appeared first on Better Dwelling.

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Banks 139

Housing Wire

JANUARY 11, 2022

RE/MAX Holdings CEO Adam Contos is stepping down effective March 31, 2022. While the company plans to form a CEO search committee, Board Member Stephen Joyce will be appointed Interim CEO. Contos and Joyce will serve as co-CEOs beginning March 1. Nick Bailey will continue to lead RE/MAX LLC as president and CEO. Ward Morrison company’s Motto Mortgage operations.

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Realty Biz

JANUARY 8, 2022

HVAC systems keep people cool during the summer season, and warm during the winters while improving indoor air quality. Because of extreme climate fluctuations in most parts of the world nowadays, HVAC systems are increasingly becoming an essential component in both commercial and residential spaces. The Heating, Ventilation, and Air Conditioning (HVAC) system, among all property-related appliances, is one of the most critical devices to maintain and monitor, especially in climates like Australi

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Realtor.com

JANUARY 14, 2022

Photos via Instagram by sharonrembaumdesign / lawsonfenning / thewelldressedhouse. If you’ve been bit by the dreamy hibernation bug recently—well, you’re not alone. There’s just something about this time of year that makes many of us want to stay inside and luxuriate in the comforts of home. That craving for snugness makes January the ideal time to tackle some fun interior design projects that will add loads of charm to your kitchen, the hygge heart of every home.

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Design Branding As-is 119

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Agents

Better Dwelling

JANUARY 12, 2022

Canada’s central bank is about to take away the punch bowl real estate has been binging on for the past few years. The National Bank of Canada (National Bank) has forecast interest rates will rise over the next few weeks to combat inflation. Canada’s freshly lowered neutral rate means this will top out fairly fast, […]. The post Bank of Canada Will Raise Rates 500% This Year, To Start Within Weeks: National Bank appeared first on Better Dwelling.

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Banks Mortgages 139

Housing Wire

JANUARY 12, 2022

Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase index, the MBA said. Per the report, the unadjusted purchase index increased 51% compared to the previous week but was 17% lower than the same week one year ago.

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Loans Fixed-rate mortgage Mortgages VA loan 441

Fancy Pants Homes

JANUARY 11, 2022

Bob Saget’s untimely death has left fans around the world in shock. The 65-year old actor/comedian was found in his hotel room at the Ritz Carlton in Orlando. The former Full House star and host of America’s Funniest Videos had been on a standup comedy tour and performed a show in Jacksonville, Fla. the night before his passing. After news broke about Saget’s death, millions of fans have taken to Twitter, Facebook, Instagram and Tik Tok to share moments when the actor inspired

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Realtor.com

JANUARY 11, 2022

Getty Images When you buy a home, there is usually a flurry of things you look forward to experiencing in winter. Watching that first snowfall through the living room window. Snuggling up by the crackling fireplace. Building a snowman or watching your kids make snow angels in the yard. All of that creates wonderful memories. But some of the things that you discover during your first winter of homeownership can bring you crashing back to reality.

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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