Housing Wire

MAY 23, 2023

A look back: The early 2023 housing slowdown Bidding behavior on the Auction.com platform provides one of the best barometers of the retail housing market because the success and livelihood of these bidders depends heavily on them accurately anticipating what the retail market will look like in the next six months.

Marketing 408

Marketing Sales Mortgages As-is 408

Housing Wire

MARCH 26, 2023

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. In a regular market, they would be closer to 5.25%.

Mortgages 439

Mortgages Marketing Banks Closing 439

Housing Wire

MAY 2, 2023

In the housing market, the seller and the buyer are, in many cases, the same economic actor. And, unfortunately, sellers are not selling in today’s higher mortgage rate environment. years in March 2023, according to recent data. years in March 2023, according to recent data.

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Sales Marketing Equity Mortgages 352

Housing Wire

APRIL 7, 2023

Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. And even with sub-4% unemployment rates for some time, the annualized three-month wage growth average is 3.2%. percent, the U.S.

Mortgages 472

Mortgages Banks Marketing As-is 472

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. Pivoting doesn’t mean they’ll cut rates, it just means they’ll change their language describing the economy.

Mortgages 370

Mortgages Marketing As-is 370

Housing Wire

OCTOBER 31, 2022

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

Bankruptcy 513

Bankruptcy Lending Equity Mortgages 513

Toronto Realty Blog

JANUARY 11, 2024

Forget about the fact that most of these “new” listings are re-lists from last fall, but the fact that my gut instinct is not to scroll down and look at the specs, but rather to see if this property is truly new or a re-list, tells you all you need to know about the quality of inventory out there. What do I mean by that?

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Fixed-rate mortgage Banks Mortgages Construction 73

The Close

AUGUST 22, 2023

But when you look at these July 2023 housing market numbers in a broader context of year-over-year data, you can see the true impact of high interest rates and low inventory. ” Dr. Lawrence Yun , Chief Economist, NAR July 2023 Data: Is the Housing Market Crashing? There are no wild slides, plunges, or skyrockets.

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Purchase and sale agreement Sales Agents As-is 97

Realty Biz

AUGUST 3, 2023

Vacancy Rates Are Soaring According to a recent article in Forbes , the vacancy rate for office space in the United States is now at 18.4%, the highest it has been since the Great Recession. In some cases, rents have fallen by as much as 30%. This is making it difficult for landlords to make their mortgage payments.

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Commercial Marketing As-is Industrial 78

Toronto Realty Blog

DECEMBER 12, 2023

Some of you have absolutely no idea what the “Canadian Mortgage Charter” is, and others know, and don’t care. This basically tells us all we need to know, right at the start: Is The Canadian Mortgage Charter a law? But today, I broke that rule. Do you think I can do that? So then why all the fuss? In theory, yes.

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Mortgages Banks Finance Principal 83

Housing Wire

JANUARY 5, 2023

The 2022 housing market was savagely unhealthy , with all-time lows in inventory leading to massive bidding wars and price spikes until the Fed put a screeching halt to all of it with rate hikes that resulted in the most significant one-year spike in mortgage rate history. So where does all that drama leave us for 2023?

Marketing 530

Marketing Mortgages Sales As-is 530

Marco Santarelli

OCTOBER 18, 2022

Projected Interest Rates in 5 Years. Unless you have a crystal ball that can predict the future, it's impossible to know how much interest rates will rise in the coming five years. by the end of 2023. by the end of 2023. The agency anticipates 2022 short-term interest rates to rise substantially.

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Mortgages Loans Investor As-is 52

Toronto Realty Blog

SEPTEMBER 6, 2022

What’s the difference between a 7-day vacation and a 14-day vacation? About seven days! But seriously, what’s the difference? The first one is too short and the second one is too long. On the seventh day, when everybody around us was looking sad, preparing to head home, we were absolutely elated to be staying!

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Marketing Banks Sales As-is 82

Toronto Realty Blog

DECEMBER 4, 2023

But then last week, I saw this article in the Toronto Star: “Investors Now Own More Than 50% Of Toronto’s New Condos – And Experts Say They’re Driving Up Housing Prices For Everyone” The Toronto Star December 2nd, 2023 (sigh) I couldn’t leave this topic unexplored. What fun would that be?

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Investor Construction Equity Finance 68

Marco Santarelli

MARCH 17, 2023

The crash was primarily caused by a combination of factors, including the subprime mortgage crisis, high levels of debt, and a lack of regulation in the financial sector. The crash was primarily caused by a combination of factors, including the subprime mortgage crisis, high levels of debt, and a lack of regulation in the financial sector.

Marketing 59

Marketing Lending Banks Mortgages 59

Kyle Handy

MAY 8, 2023

This handy resource (no pun intended) will break down commission rates and even offer some practical tips and strategies to help you maximize your earnings. This handy resource (no pun intended) will break down commission rates and even offer some practical tips and strategies to help you maximize your earnings.

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Purchase and sale agreement Closing costs Commercial Due diligence 87

Housing Wire

JUNE 18, 2023

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. I explain how this happened in this recent podcast.

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Marketing Mortgages Banks Sales 456

Toronto Realty Blog

JULY 4, 2022

Did you just stumble upon this blog for the first time? You were Googling “The Road Ahead,” looking for the 1995 book by Bill Gates , of the same title? Well, now you found this blog! But not to worry, I have a story to tell about that book anyways… I actually read this book, if you can believe it or not. That will never happen.”

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Sales As-is Banks Marketing 83

Housing Wire

JUNE 27, 2023

This means they will cut prices, buy down rates, and do whatever it takes because they’re in business to make money. This means they will cut prices, buy down rates, and do whatever it takes because they’re in business to make money. Case in point: Today we have 69,000 new homes completed and ready to sell, as shown below.

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Sales Construction As-is Mortgages 484

HomeLight

JUNE 14, 2023

Whether you’re considering using an escalation clause, need advice on bidding strategies, or just want help finding the perfect home, connect with a top-rated HomeLight agent today for their guidance. If you plan to buy or sell a house anytime soon, you’ll appreciate having some familiarity with escalation clauses in real estate.

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Finance Agents Proof of funds As-is 69

Housing Wire

JANUARY 12, 2022

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. Houston, we have a problem.

Days on market 536

Days on market Loans Mortgages Sales 536

Marco Santarelli

MARCH 30, 2023

With interest rates on the rise, it's important to understand how this shift can impact your investments and financial planning. Whether you're a seasoned investor or just starting, learning how to navigate the changing interest rate environment can help you achieve your financial goals. Where to Invest When Interest Rates Rise?

Investor 40

Investor Loans Banks Mortgages 40

Housing Wire

MARCH 16, 2023

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation. Like most recessions, when demand falls, so does production.

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Mortgages Construction Banks Sales 495

Toronto Realty Blog

JANUARY 9, 2023

Looking back on it, I suppose I didn’t “need” to write a thousand words or more about my holiday break in Thursday’s blog post, thereby extending the length of the blog and only allowing us to examine two of the ten discussion points for 2023. Canada-wide mortgage delinquencies rates were at 0.14% in Q3 of 2022.

Land 84

Land Development Pre-approval Banks 84

Kyle Handy

JANUARY 2, 2023

Consult with your CPA before filing your taxes and using any advice in this article. Consult with your CPA before filing your taxes and using any advice in this article. In today’s post, I will share 115 tax deductions for real estate agents I’ve discovered in the 15 years I’ve been in the business. Alright, so taxes.

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Agents As-is Finance Inspection 105

Toronto Realty Blog

DECEMBER 14, 2022

There’s always some variation of the real estate market being “broken,” and as was the case in 2021, this year will be no different. I hope you enjoyed that “trip down memory lane,” as Marina so eloquently put it, with the Top Five Blog Posts of 2022 in Monday’s post. That was a year in which Ms.

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Development Purchase and sale agreement As-is Marketing 81

Toronto Realty Blog

AUGUST 10, 2023

This might be a case of, “I’ll lay it out for ya’ll to play it out,” but do any of us really know what caused the housing crisis, who is to blame, or how to fix it? ” Would “powder keg” be more appropriate to describe the situation? Or may we use “recipe for disaster?” What did he say?

As-is 75

As-is Construction Mortgages Title 75

Toronto Realty Blog

DECEMBER 19, 2023

3) The Market Shift 2) “Fixing” The Housing Market 1) Inflation & Interest Rates I can’t imagine that we won’t overlap with at least one of those themes this year. TorontoRealtyBlog Do I bother starting with the obligatory, “I’ll try to make this post shorter this time around?” ” Nah.

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Pre-approval Construction Development Agents 83

Toronto Realty Blog

JANUARY 6, 2022

To start the fall market? Am I really that predictable? I mean, “Burning Questions” again? We did this after Labour Day, right? And we did this to start off January 2021, not just as a stand-alone blog, or even a two-part series, but rather a three-part series that spanned the entire first week back! Well, what can I say?

Fixed-rate mortgage 99

Fixed-rate mortgage Banks Mortgages As-is 99

Realtor.com

DECEMBER 8, 2022

Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Median national list prices rose to a historic $450,000 , and then they, too, began to fall. Luckily there’s no need for you to wear out your search bar looking for our past articles on Realtor.com®. So, Happy New Year! The result?

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Pre-approval New Construction Inspection Construction 126

HomeLight

JANUARY 18, 2023

In this article, we look at some of the most pressing home equity questions homeowners have about the current housing market and lay out answers from the experts. In this article, we look at some of the most pressing home equity questions homeowners have about the current housing market and lay out answers from the experts.

Equity 85

Equity Marketing Loans Principal 85

Marco Santarelli

SEPTEMBER 8, 2023

Historical Averages From 1968 to 2023, existing home sales in the United States have averaged approximately 4,065.91 Historical Averages From 1968 to 2023, existing home sales in the United States have averaged approximately 4,065.91 The trend continued into the first five months of 2023. thousand transactions annually.

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Sales Land Development Marketing 98

Real Trends

DECEMBER 16, 2022

When we started 2022, everything was crazy — bidding wars, immediate sales, overbidding on homes, mortgage rates under 3% — what a year it’s been. This article will focus on what we can see for 2023. Today, we’re going to look at what we can see for 2023. We’re going to start with mortgages.

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Marketing Mortgages Sales As-is 86

HomeLight

MARCH 10, 2023

DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice. That is especially true in the New York market, where house flipping margins have gotten thinner as home prices and repair costs have escalated, and buyers have been shut out of the market by higher interest rates.

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House Flipping Renovation Investor Finance 88

Toronto Realty Blog

DECEMBER 15, 2021

Somebody told me once that when you have children, the years go faster because you start to view your life in terms of your children’s milestones. Growing from age one to age two represents a fifty percent increase in their time on earth, but it’s merely another twelve months for you. My daughter was pulling at my shirt.

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As-is Marketing Title Agents 96

Toronto Realty Blog

JANUARY 18, 2023

I was blown away. Not only by the sheer amount of content, which was twelve pages in a PDF, but also because of the research involved. Thirty-seven footnotes, for one thing. But sourcing a variety of newspapers, interviews, staff reports, legal journals, and more. At the start of 2022 Toronto introduced new municipal taxes on vacant homes (i.e.

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

Marco Santarelli

APRIL 2, 2023

In this article, we'll explain the basics of the US tax system. To do that, you subtract any expenses you can deduct, like mortgage interest or charitable donations, from your total income. The more money you make, the higher your tax rate is. There are two main types of taxes in the US: federal taxes and state taxes.

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As-is Sales Banks Mortgages 40