Keeping Current Matters

MARCH 10, 2021

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Home sales and prices were both up substantially over the year before. As the next graph shows, there were too many homes for sale in 2007, and that caused prices to tumble.

Equity 262

Equity New Construction Construction Short sale 262

RIS Media

JULY 22, 2021

Following four consecutive months of declines, existing-home sales bounced back in June, increasing 1.4% Single-family home sales decreased to a seasonally adjusted annual rate of 5.14 Single-family home sales decreased to a seasonally adjusted annual rate of 5.14 Existing-Home Sales: 1.33 Existing-Home Sales: 2.59

Sales 98

Sales Construction New Construction Equity 98

Housing Wire

DECEMBER 7, 2020

months, builders will halt the rate of growth for new construction plans as they did in 2018 and again for a brief period this year. months, the builders are ok with construction as long as new home sales grow. months, the builders are ok with construction as long as new home sales grow.

Construction 543

Construction Mortgages Sales Finance 543

Housing Wire

APRIL 26, 2023

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

Loan Officer 386

Loan Officer Mortgages Loans Closing costs 386

Housing Wire

OCTOBER 23, 2023

He was not hired to restructure loanDepot and sell it, even though “every public company is for sale,” in his general opinion. In fact, loanDepot recently showed the market that it’s considering acquisitions by appointing industry veteran Dan Hanson as executive director of enterprise partnerships and acquisitions.

Technology 388

Technology Loan Officer Loans As-is 388

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

JUNE 10, 2022

Based in New Jersey, Esser and her team have been recognized as the No. 1 agent in Tenafly, New Jersey and the No. Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Finally, the last closely watched trend in the housing market is construction activity.

Construction 380

Construction Closing New Construction Agents 380

Toronto Realty Blog

SEPTEMBER 23, 2022

Condominium cancellations were rampant in the pre-construction industry and people were starting to get pissed. Sales agents struggled to find flat surfaces on which to sign contracts, as investors and first-time home buyers clamoured to get in on the ground floor of one of the region’s most anticipated new developments.

Construction 59

Construction Purchase and sale agreement Industrial Development 59

HomeLight

APRIL 14, 2023

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

Sales 81

Sales Due diligence Agents Closing 81

Realty Biz

JUNE 24, 2022

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78

Sales Short sale Mortgages Fixed-rate mortgage 78

Broke Agent Media

MAY 25, 2023

Inventory is low, ramping up competition for well-priced homes and, consequently, driving home sale prices up even more, with many selling over the final list price. If you bought in 2000, and you had to sell in 2007/2008, it’s very likely you still had some real equity. million to possibly 5 million new homes.

Construction 98

Construction New Construction Equity Mortgages 98

Real Trends

JANUARY 20, 2023

Every January, the real estate industry is flooded with professionals waxing eloquent on predictions for the year ahead. Prediction 6: Number of sales will certainly be lower The MBA predicts 15% fewer loan applications in 2023, mainly from first-time buyers checking out of the market. Home sales are predicted to be roughly 4.5

New Construction 108

New Construction Construction Loans Mortgages 108

Broke Agent Media

MARCH 6, 2023

Experts also forecast a slide in home sales to 4.2 The results of the Zillow Home Price Expectations (ZHPE) survey are in, with economists and housing market experts weighing in with their forecasts on home prices, home sales, and mortgage rates for 2023 and beyond. from 2024 to 2027. million for 2023, down from 5 million in 2022.

New Construction 94

New Construction Mortgages Sales Development 94

Real Trends

NOVEMBER 18, 2022

The tech revolution has reshaped the real estate industry in a major way. Between artificial intelligence (AI) and machine learning, sophisticated technological advancements are pushing the real estate industry into a new era. Black Knight leads the industry when it comes to data and analytics. Black Knight. HousingWire.

Industrial 86

Industrial Equity Construction Mortgages 86

HomeLight

SEPTEMBER 9, 2021

A tidal wave of demand was met with a sorry amount of housing supply as a result of material costs, supply chain disruptions, and years of chronic underbuilding in the new construction industry. In our Summer 2021 industry survey , 60.5% Curious to know where your home equity stands? It won’t last forever.

Equity 135

Equity Mortgages Agents Sales 135

RIS Media

MARCH 18, 2022

Key findings: There are roughly 730,000 houses currently for sale in the U.S., Sales in 2022 are forecast to rise 4.8% above those in 2021, which was the best year for sales since 2006. More homes transacted last month than in either February 2019 or February 2020, though sales are 11% lower than in 2021. compared to 1.4

Residential 89

Residential New Construction Equity Construction 89

Broke Agent Media

MAY 16, 2023

Given 72% of sellers are also buyers, it’s not earth-shattering news that both sides are often willing to see things from the other side’s perspective—and make concessions to speed things along. After all, the harder it is to buy a home, the more difficult it is for buyer-sellers to move ahead with a sale. Email Subscribe

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

RIS Media

SEPTEMBER 29, 2020

Firm taps industry veteran Chris Lim to lead franchise division. Wong said its target audience is unmoved by the offerings of the “old guard” franchise networks and is struggling to compete against the aggressive tactics of some of the industry’s new, deep-pocketed players.

Purchase and sale agreement 99

Purchase and sale agreement Brokerage Branding Technology 99

The Close

JUNE 24, 2022

But, home sales have been trending downward since this time last year. That doesn’t mean sales are non-existent—it just means the bidding war season is kaput. Get in Now to Rake in That Future Equity. This graph shows how much equity you stand to gain if you get into the market, i.e., buy a house today vs waiting.

Marketing 109

Marketing Equity Renovation Mortgages 109

RIS Media

JANUARY 12, 2022

. “That program is ending, which means that homeowners in that situation have two options: find a job and start making payments or list the property for sale,” Yun said, and went on to suggest that a portion of homeowners will opt for the latter, which will add to the pool of new homes for sale.

Marketing 102

Marketing Construction New Construction Mortgages 102

HomeLight

SEPTEMBER 26, 2022

Las Vegas real estate agent Daryl Hanna , a 17-year veteran of the industry, says that the savings can be big for an owner-builder. “In New construction might seem less expensive — but if, for example, it doesn’t include landscaping, and that’s something you have to do yourself after closing, that can be expensive. Get started.

Construction 143

Construction New Construction Land Inspection 143

Real Trends

FEBRUARY 27, 2023

According to Altos Research , last week’s inventory fell again by 6,858 listings, which is more than we saw last year, but still not enough homes for sale. New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. For sale by owners (FSBOs).

Marketing 94

Marketing MLS Pre-approval Home sale contingency 94

HomeLight

AUGUST 17, 2022

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. When just raw materials cost more, that makes building a home, doing a renovation or any type of new construction cost more as well.”. Get Estimate.

Marketing 103

Marketing New Construction Construction Renovation 103

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. New York, NY $684,500 +0.4%

Marketing 65

Marketing Mortgages Investor New Construction 65

Redfin

JULY 27, 2023

Known for its thriving tech industry, beautiful green spaces, and rich cultural scene, Raleigh, NC offers a dynamic and inviting environment for residents and visitors alike. Advantages of buying a home in Raleigh Building equity Homeownership presents a unique opportunity to build equity over time.

Equity 51

Equity Due diligence New Construction Closing costs 51

RIS Media

JULY 8, 2021

According to a recent report from Redfin, in April, the median home sale price in the U.S. It’s a fast way to rack up negative equity. It doesn’t matter if it’s brand-new construction or a third-floor condominium.” increased 17% year-over-year to $341,250.

Inspection 98

Inspection New Construction Closing Equity 98

HomeLight

AUGUST 16, 2022

Not surprisingly, the answer depends on your household income, where you work and live, and your goals and priorities including whether you’re looking for a quick sale or considering a home as a long-term investment, etc. In addition, according to Cox Automotive , the sales of electric vehicles rose 66% over the previous year.

Marketing 89

Marketing Equity Agents As-is 89

RIS Media

MARCH 1, 2022

This significant increase in wealth, as well as the population of the wealthy and affluent individuals, combined with new and changing lifestyle patterns and dwelling preferences, led to a historic luxury real estate market expansion. In 2021, sales of single-family luxury homes, defined as the top 10% of any given market, rose 14.5%

Marketing 98

Marketing Construction New Construction Agents 98

HomeLight

SEPTEMBER 25, 2020

Las Vegas real estate agent Michael Marino , who has more than 15 years of experience in the industry, says that although buyers seldom think about resale value when they purchase their home, they probably should. You need to be able to estimate your cost and sweat equity versus actual cost and time,” she says. Fixer to fabulous?

New Construction 75

New Construction Equity Construction As-is 75

Realtor.com

NOVEMBER 9, 2022

.” As home prices hit new heights over the past few years, down payments in the tightest markets went up and up—a combination of sellers’ demands and buyers’ tactics to beat out the competition. For single-family home sales, the average down payment jumped to a high of more than 14% of the purchase price this year.

VA loan 111

VA loan FHA loan Loans Sales 111

The Close

AUGUST 4, 2023

Zillow Leads Love it or hate it, Zillow dominates our industry. This is why one of the most repeated terms in the real estate industry, “speed to lead,” is so profoundly important for prospecting on Zillow. The rule I train my inside sales agents (ISAs) to follow is a minimum of six to eight call attempts within two weeks.

Agents 111

Agents As-is Industrial New Construction 111

GeekEstate

JANUARY 3, 2022

Bye Bye Zillow Offers: The shockwaves of Zillow’s iBuying shutdown were large and long lasting…the industry topic de jour for weeks. It’s a crazy time to be alive, but it’s definitely an even crazier time to be making a living in the MLS industry. In our industry, the first CREtech Climate Virtual Summit has come and gone.

Industrial 116

Industrial Bankruptcy Development MLS 116

The Close

DECEMBER 27, 2022

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Some areas may not recover in our lifetimes.

Investor 94

Investor Staging Marketing Banks 94

RIS Media

APRIL 9, 2021

Last year also brought to light the work we must do as a country in addressing social inequalities and racial equity, in addition to highlighting how international crises like the pandemic affect different communities in different ways. This new dynamic has created a clarion call for us as business leaders.

Brokerage 105

Brokerage Technology Agents Residential 105

RIS Media

MARCH 25, 2022

Real estate professionals are highly adaptable and the last two years of the COVID-19 pandemic have proven that our industry is resilient in the face of change,” said Sherry Chris, president & CEO, BHGRE. “As New Construction: . According to the brokers interviewed, the timing of the spring selling season varies.

Pre-approval 92

Pre-approval Inspection As-is Principal 92

Broke Agent Media

MAY 18, 2023

median home sale price was $479,500. The median sale price dropped to $436,800 in quarter one of 2023, as fewer U.S. Homeowners who are in it for the long haul (7-10 years), built equity every decade since 1990. For industry news, edutainment, and humor, sign up for the best newsletter on the planet for real estate agents.

Agents 52

Agents Construction New Construction Marketing 52

Marco Santarelli

AUGUST 4, 2020

This housing market has been impacted by the pandemic and slumping oil prices which led to a decline in home sales down. However, the market conditions are showing some signs of improvement due to growing consumer interest and pent up demand after two months of continuous decline in sales. The median sale price rose 4.7%

Marketing 141

Marketing Investor Sales As-is 141