Wed.Feb 02, 2022

article thumbnail

Mortgage apps climb 12% on spike in refi demand

Housing Wire

Mortgage applications increased 12% from the previous week due to a surprising uptick in demand for “refis” as borrowers try to secure a lower rate , according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 28. The seasonally adjusted Refinance Index rose 18.4% in the same period. Meanwhile, the Purchase Index increased 4%.

Mortgages 404
article thumbnail

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Keeping Current Matters

Mortgage rates have increased significantly since the beginning of the year.

Mortgages 230
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Old Republic produces third consecutive record-setting year

Housing Wire

A year of low mortgage rates and high demand for housing was certainly good for Old Republic International Corporation. During the firm’s fourth quarter earnings call on Thursday, Craig Smiddy, Old Republic’s president and CEO, announced that the firm’s pre-tax income, excluding investment gains, was $335.1 million for the fourth quarter and $1.16 billion for all of 2021, representing 20.7% and 40.2% year-over-year increases, respectively.

Title 370
article thumbnail

National Price Forecast

BubbleInfo

Casual observers might think this graph is saying that home prices will drop, but instead it is just the YoY change that is moderating. The MoM changes will become more interesting than the YoY changes over the next 12 months. Home prices averaged year-over-year gains of 15 percent over the 12 months of 2021 compared to an […].

Sales 105
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Pulte Group thrived in 2021, but it’s not celebrating

Housing Wire

Nothing much will change in 2022. That seemed the general prediction of Ryan Marshall, president and CEO of Pulte Group , one of the country’s most prolific homebuilders, during an earnings call Tuesday. On the one hand, homebuilders will continue to reap the fruits of record demand. On the other hand, they will not have the materials, labor, or efficient supply chain processes to meet that demand.

Investor 370

More Trending

article thumbnail

ConsumerDirect Mortgage rebrands as Real Genius, introduces new tech platform

Housing Wire

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgages 370
article thumbnail

Video of the Week: Inside a Mid-Century Masterpiece in San Diego, California

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s V ideo of the Week. ?. San Diego, California | Linda Sansone & Deborah Greenspan, Pacific Sotheby’s International Realty. This mid-century modern masterpiece features jaw-dropping coastline views from every room, perched high atop Mount Soledad.

Design 102
article thumbnail

6 Homebuying and Mortgage Tips for Retirees

Realtor.com

Getty Images Sure, your grandma and grandpa may have stayed put once they left the workforce, but you likely have other plans. Now more than ever, it seems retirees are on the move—and buying new homes. About 18% of homebuyers were younger baby boomers (aged 56 to 65) in 2021. And older boomers (aged 66 to 74) scooped up an additional 14% of the market during the same period, according to a recent report from the National Association of Realtors®.

article thumbnail

21st Annual Hobe Sound Festival of the Arts

Waterfront Properties

The Hobe Sound Festival of the Arts is an outdoior arts festival which returns with the countrys premiere artisans and skilled craft artists. This weekends 21st Annual Hobe Sound Festival of the Arts features more than 200 talented fine artists and craft artisans. One thing is for sure, if you come to this event, you will not want to leave empty-handed There is something for everyone.

Design 98
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

Warren House From ‘Home Town’ Season 1 Now Available for $390K

Realtor.com

Realtor.com A historic home memorably remodeled on the HGTV hit “ Home Town ” has landed on the market. If you’re in love with the idea of a home in Laurel, MS, it’s available for $390,000. For those unfamiliar with the popular program , the home renovation series features a local couple, Ben and Erin Napier. They are now in the middle of their fifth season rehabbing historic homes in the quaint small town.

article thumbnail

Century 21 System Raised $3.2 Million for Easterseals in 2021

RIS Media

The CENTURY 21 System raised more than $3.2 million for Easterseals in 2021, the company has announced. Since the inception of this philanthropic partnership in 1979, the CENTURY 21 network’s independent franchisees and affiliated sales professionals have collaborated to raise a total of $132.2 million, the company stated. As the brand looks ahead in 2022, the team is excited to continue building on its partnership with Easterseals and find new ways for its global network of professionals to sup

article thumbnail

Just How High Will Mortgage Interest Rates Rise—and How Fast? A Reality Check for Homebuyers Today

Realtor.com

Getty Images If you’re shopping for a new home now or are hoping to this spring, you probably feel your heart racing a little. The word is out: Mortgage interest rates are on the rise. This means for the same size loan (and house), borrowers will have to pay a higher monthly mortgage bill every month. And that’s prompting many homebuyers to feel as if they need to hurry up and find a house, ASAP.

article thumbnail

Corcoran Global Living Wins 2021 Best Website Award From Who’s Who in Luxury Real Estate

RIS Media

Corcoran Global Living has announced the company recently received the Best Website award from Who’s Who in Luxury Real Estate during its 2021 LRE® Virtual Awards Celebration. Now in its 14th year, the LRE® awards are a prestigious acknowledgement of excellence and distinction in the industry, and this year’s virtual format opened the celebration to everyone.

Design 98
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Once Again, High Home Prices Are to Blame

Eye on Housing

An earlier post revealed that 67% of buyers who were actively engaged in the process of finding a home in the final quarter of 2021 have spent 3+ months searching for a home without success. The inability to find a home they could afford once again became the most common reason (41%) these long-time searchers could not buy a home. .

107
107
article thumbnail

New condo builds fall to lowest level in decades

Realty Biz

While new home construction has soared over the past 12 months, condos are being left behind, says a new report from the Urban Institute. It found that the share of condo units being built for sale in the last year declined to less than 5.4% of the overall construction market, its lowest level in almost 50 years. Urban Institute researchers Michael Neal and Laurie Goodman said the trend persisted even though demographic patterns suggest a greater need for condos.

article thumbnail

Hanna Family of Companies Expands to Connecticut

RIS Media

Howard Hanna | Rand Realty has announced its expansion into Connecticut with the acquisition of the Madison and Post Real Estate Agency. This acquisition will expand Howard Hanna | Rand Realty’s New York and New Jersey regional footprint into three new locations in Connecticut including Ridgefield, Stamford and Westport. “Fairfield County is one of the most popular areas surrounding New York City,” said Matt Rand, Chief Executive Officer of Howard Hanna | Rand Realty, in a statement.

Staging 98
article thumbnail

Mortgage and refinance rates today, Feb. 2, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But, since last Wednesday evening, all movements in these rates have been small or tiny. Despite disappointing unofficial jobs […].

article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

UPDATED: NAR Files Lawsuit of Its Own Against REX

RIS Media

Who says you can’t sue the same folks that are suing you? The National Association of Realtors® (NAR) filed a counterclaim on Jan. 28 against REX-Real Estate Exchange Inc., alleging that the Texas-based real estate startup has been deceiving consumers with false advertisements and misleading statements about its services. “NAR will oppose attempts to mislead consumers, including attempts to mislead consumers about buying or selling a home generally or about the services or cost of using REALTORS

MLS 98
article thumbnail

JPAR® – South Florida Living Expands with Acquisition of ?Silver Star Realty in Boca Raton

Realty Biz

South Florida Living is pleased to announce the expansion of its Florida operations with the recent acquisition of Silver Star Realty in Boca Raton. Owners, Chris, Lisa, and Michael Schlitz and Jeremy Constantino acquired Silver Star Realty of Boca Raton. “We’re thrilled to welcome Peter Marcucilli and Silver Star Realty to our growing organization,” said Chris Schlitz, CEO, JPAR – South Florida Living.

article thumbnail

Berkshire Hathaway HomeServices Announces New Office in Memphis, Tennessee

RIS Media

Berkshire Hathaway HomeServices has announced its expansion in the South with the addition of Berkshire Hathaway HomeServices McLemore & Co., Realty in Memphis, Tennessee. This marks the brand’s 10th location in the state, adding 32 network agents to the global brokerage. The brokerage is led by industry veteran David McLemore who began his real estate career with Collins-Maury REALTORS® over two decades ago.

article thumbnail

Agents Reveal Their Genius Green Secrets to Staging a Home for Sale

Realtor.com

Getty Images Kevin Kurland , an agent with Home by Choice, faced a challenge when helping a bachelor prepare his two-bedroom, two-bath New York City apartment for sale. “His decor color palette was very singular: tan,” says Kurland. “There was no life to it.” But Kurland had a secret ingredient for enlivening the space: adding colorful and sculptural plants.

Staging 94
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

Where Are Millennials Buying Homes?

RIS Media

Millennials are now the largest group of homebuyers in the U.S., ahead of older Gen Xers and baby boomers. Despite the pandemic delaying some millennials’ homebuying, they are still eagerly buying homes in the hot housing market. LendingTree analyzed mortgage its own mortgage offers to millennials across the nation’s 50 largest metros in 2021 to learn where they were buying homes.

article thumbnail

Help Wanted: Brownstoner News and Feature Writer

Brownstoner

Brownstoner is growing. We are looking to hire a news and feature writer who shares our passions to help us cover Brooklyn inside and out. This person will cover controversies and issues related to housing, the physical environment and land use in Brooklyn, among other topics. The ideal candidate will be… Read More > The post Help Wanted: Brownstoner News and Feature Writer appeared first on Brownstoner.

Land 100
article thumbnail

AREAA Elevates Executive Director Hope Atuel to Chief Executive Officer

RIS Media

The Asian Real Estate Association of America (AREAA), has announced that Hope Atuel’s has been promoted to Chief Executive Officer of the organization. She previously held the position of executive director. AREAA president Tim Hur and the executive committee voted unanimously to elevate Atuel’s role in recognition of her many important accomplishments to the organization as well as her growing responsibilities leading the largest Asian-American trade association in the country.

article thumbnail

Listed for $9.8M, Vermont’s Most Expensive Home Quickly Goes Into Contract

Realtor.com

Realtor.com A contemporary, 8,372-square-foot retreat in Shelburne, VT , with views of Vermont’s Green Mountains and New York’s Adirondacks Mountains won over quite a few potential buyers. Four offers were submitted for the property known as Land’s End within the first three weeks, says the listing agent, Wade Weathers of LandVest. On the market for $9.8 million, it’s the state’s most expensive home, and it’s already under contract.

Land 92
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

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.