Housing Wire
JULY 26, 2022
Tuesday’s report on new home sales came in as a miss of estimates and prior revisions were all negative. This data line confirms what we all know to be the case: The housing market, at least as it relates to construction, is in a recession. What I have always tried to do with my economic work is to connect the dots or show a pathway to why something could happen.
Realty Biz
JULY 26, 2022
Research shows that the U.S. housing markets are cooling, with more than 25% of sellers slashing their prices this year. Rising interest rates are the main driver behind this downturn. Despite this, some housing markets remain as hot as ever, with home buyers clamoring for real estate in these growing cities. California has vanished from most lists of places to invest in real estate, while the easterly sunbelt states continue to draw the crowds.
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Keeping Current Matters
JULY 28, 2022
If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture.
Brownstoner
JULY 25, 2022
It would be hard to imagine growing up without a public library. No matter if you are in a large city or a small town, the public library has always been a place to discover new worlds. Within the library walls can be found the world we know as well… Read More > The post A Library for All: The Story of Brooklyn’s Central Library, Decades in the Making appeared first on Brownstoner.
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Housing Wire
JULY 28, 2022
The U.S. House of Representatives passed a bill late Wednesday creating federal minimum standards, which would allow notaries nationwide to perform remote online notarizations. The legislation passed the House with a vote of 336-90. A key to advancing the universal adoption of fully electronic mortgages is the creation of remote online notarization (RON) standards across all 50 states.
GeekEstate
JULY 24, 2022
In this week’s founder interview, we’re bringing you Michael Lucarelli from RentSpree. Without further ado…. Who are you and what do you do? I am the CEO and Co-Founder of RentSpree. My goal is to deliver technology to the underserved long-tail landlord segment of the residential rental market. Though most technology has been geared toward institutional property management companies, around 50% of all rental units are owned by individual investors or ’mom & pop’ landlords.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
JULY 25, 2022
The Definition of a Buyer’s Market In real estate sales, there are essentially three types of markets. There is a buyer’s market, a seller’s market, and a balanced market. The differences between buyers’ and sellers’ markets are like night and day. Real Estate markets go through cycles. The real estate market never stays the same […].
Housing Wire
JULY 29, 2022
Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with other data indicating the nation’s housing market lost some steam this past month, according to a June housing-market report from Seattle-based Redfin.
Eye on Housing
JULY 25, 2022
The share of adults planning a home purchase within a year stood at 13% in the second quarter of 2022, unchanged from the previous quarter, but lower than a year earlier (17%). The leveled reading suggests that, after shrinking for the past three quarters, the pool of potential home buyers may have stabilized. Part of the reason housing demand has.
Keeping Current Matters
JULY 25, 2022
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year.
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GeekEstate
JULY 25, 2022
Calling all?startups?and?scale-ups?reimagining the?built world: Colliers is partnering with?CREtech to host this year’s Real Estate Tech Awards, an opportunity for innovative companies that are advancing technology across the CRE industry to be recognized. Get your applications in now and meet us on the global innovation stage October 12 – 13 at?
Housing Wire
JULY 27, 2022
The Federal Reserve hiked rates 0.75% on Wednesday, which was mostly expected by market participants before the announcement. The question is, will the Fed keep aggressively hiking rates if the economic data worsens? I say this because I’ve raised all but one of my six recession red flags. I need to wait for one more report to officially raise the last flag, but it is certain to happen in August.
Eye on Housing
JULY 27, 2022
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share since early 2008. Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8 percentage point quarter-over-quarter decline.
Keeping Current Matters
JULY 27, 2022
There are more homes for sale today than at any time last year.
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The American Genius for Real Estate
JULY 24, 2022
A Harvard study shows that 98% of conversations leave at least one person dissatisfied - here's how you can improve your conversation skills. The post How to know when to stop or start a conversation, according to Harvard appeared first on The American Genius Real Estate.
Housing Wire
JULY 29, 2022
A few months ago, the United States housing market failed Econ 101. Table 1, below, reports the 10 hottest U.S. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.
Eye on Housing
JULY 29, 2022
After falling steadily for five quarters, the popularity of new homes rebounded in the second quarter of 2022, as 21% of prospective buyers reported looking for a newly-built home – up from 19% a quarter earlier. A possible reason for this pivot is the recent growth in the inventory of new homes for-sale, while the supply of existing homes on.
Maximum Exposure Real Estate
JULY 27, 2022
How much does a Real Estate agent make? It’s a question that gets asked a lot. Not only do potential agents thinking about entering the industry ask it, but consumers as well. There is no secret that real estate is a highly lucrative industry. However, what many people don’t realize it is the upper echelon […]. The post How Much Does a Realtor Make appeared first on Maximum Real Estate Exposure.
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.
Brownstoner
JULY 28, 2022
The Bed Stuy chapter of the historic secret aid society run by Black women, United Order of Tents, has pulled back the curtain to ask the community for help restoring its magnificent but dilapidated headquarters at 87 MacDonough Street. In a GoFundMe that kicked off July 21, United Order of Tents… Read More > The post Bed Stuy’s Secret Tents Society Launches Fundraiser to Restore Its Grand But Crumbling HQ appeared first on Brownstoner.
Housing Wire
JULY 29, 2022
Over the past few years, lenders have put a microscope to their processes to see where they can improve the borrower journey. But there may be one area they’re still overlooking. HousingWire sat down with Kara Shipulski, vice president of strategic partnerships at Liberty Mutual, and Sean Larney, ??vertical manager of strategic partnerships at Liberty Mutual, to discuss how partnering with a nationally recognized insurance company improve borrower engagement for lenders.
Eye on Housing
JULY 29, 2022
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.6% in June, making its ninth monthly increase in the past 12 months. Gains in personal income are largely driven by increases in compensation of employees and proprietors’ income. Real disposable income, income remaining after adjusted for taxes and inflation, decreased 0.3% in.
Maximum Exposure Real Estate
JULY 24, 2022
The Definition of a Half-Bath When you are looking to buy a home for the first time, you’re likely to see different terms that are confusing. One such term is a 1/2 bath. No, a half bath is not a full bath cut in half. The definition of a half-bath is a small room having […]. The post What is a Half Bath? Types of Bathrooms Explained! 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.
GeekEstate
JULY 27, 2022
Equity crowdfunding is one of the capital options that startup founders consider. Make sure you understand the topic. Motivo Media recently put out a documentary with experts breaking down equity crowdfunding and debating how regulators can most effectively foster innovation while preserving investor safety in the space. I thought some of the audience here might be interested… Director – Tim Hedberg.
Housing Wire
JULY 27, 2022
“Turn to automation when profit margins are tight.” It’s a message the industry is hearing loud and clear as rates stay high and lenders can no longer depend on a steady flow of refis. In light of this, HousingWire CEO Clayton Collins recently sat down with Paul Doman, CEO at Accurate Group, to discuss mortgage lender profitability, as well as the modernization of title and appraisal processes and where there is opportunity for automation. .
Eye on Housing
JULY 28, 2022
The U.S. economy definitively slowed in the first half of 2022 as the Federal Reserve tightened financial conditions. Real GDP fell for the second straight quarter, while the Fed raised interest rates by 75 basis points for the second consecutive month to reduce inflation pressure. Despite these negative elements, the job market remained solid amid inflation concerns and growing recession.
Sotheby's International Real Estate
JULY 23, 2022
Refreshing water-oriented diversions are minutes away at these homes with private docks, which offer access to ocean coves, harbors, sounds, and bays and the Intracoastal Waterway. Mediterranean Reprieve on Hypoluxo Island. Keith Vanderlaan & Michael Massraf | Sotheby’s International Realty – Palm Beach Brokerage. This majestic Mediterranean residence on Hypoluxo Island features a “grand room” with water views, a club room, a library loft, a fitness room, a chef’s kitchen, a wine
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GeekEstate
JULY 27, 2022
[Editor’s Note: Geek Estate Offers are special offers for members of the GEM ]. 360 Meet and The Lab are ready for public use and View Labs is giving Geek Estate Blog readers access with a free demo account. 360 Meet offers a seamless teleconferencing experience by preventing latency and quality degradation when streaming videos. Within The Lab, you can upload a variety of content types into your library, share such items during your conference calls, and allow for collaboration from meeting me
Housing Wire
JULY 27, 2022
The Department of Justice and the Consumer Financial Protection Bureau are taking the fight to non-bank mortgage lenders for redlining. The two agencies revealed their new strategy to rein in mortgage discrimination on Wednesday, with a $24.4 million consent order, stemming from a referral the CFPB made in November 2020. It’s the DOJ’s second- largest mortgage redlining settlement ever, and its first against a non-bank mortgage lender.
Marco Santarelli
JULY 29, 2022
Forecast: How High Will Mortgage Rates Go in 2022. Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending.
The American Genius for Real Estate
JULY 25, 2022
NAR's Spire membership program was birthed out of efforts to diversify the real estate field and a commitment to mentorship. The post How agents transition successfully from residential to commercial real estate appeared first on The American Genius Real Estate.
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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