Mon.Jun 07, 2021

UWM goes on the offensive with price-match guarantee

Housing Wire

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. It appears they’ve just thrown gas on the fire in the hopes of boosting their second quarter numbers, while hitting their rivals ahead of earnings call season.

Why You May Want To Cash in on Your Second Home

Keeping Current Matters

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs.

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Homebuyers are growing weary of the housing market

Housing Wire

Homebuyers are feeling pretty discouraged by the housing market these days. The latest Fannie Mae Home Purchase Sentiment Index shows that just 35% of consumers believe now is a good time to buy a home, down from 47% in April.

Residential Construction Loan Volume Moves Higher

Eyes on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021.

Why we can’t build our way out of this hot housing market

Housing Wire

During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. Building more homes, it was said, would solve all sorts of social problems, from making homeownership more affordable to ending homelessness.

Inventory shortage sends home prices soaring at record rate

Inman

Black Knight's latest Mortgage Monitor Report recorded "the highest annual home price growth rate we’ve ever seen" in records going back nearly 30 years. Markets & Economy Mortgage ben graboske black knight home price growth home prices listings

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How Refinancing Can Benefit You Right Now

American Lifestyle

The post How Refinancing Can Benefit You Right Now appeared first on American Lifestyle Magazine. Buying & Selling

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Is the appraisal process color-blind?

Housing Wire

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry.

How rookie agent JP Sandhu did $12-million in deals in one month

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: How rookie agent JP Sandhu did $12-million in deals in one month.

Behind the executive exodus at Fannie Mae

Housing Wire

FHFA Director Mark Calabria and Fannie Mae CEO Hugh Frater (left to right). High-level departures from Fannie Mae show no signs of abating. Celeste Mellet Brown, Fannie Mae’s chief financial officer, is the latest executive to depart the government sponsored entity.

How Long it Takes to Close on a House

Realty Biz

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you.

AmTrust Title adds executive counsel

Housing Wire

AmTrust Title Insurance Company has added two executives to its team, naming James Bozzomo as chief underwriting counsel for direct operations and Jefferson Howeth as senior corporate counsel.

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Timberrr! Lumber Prices Are Crashing At 30% Below Peak, And Forecast To Fall Further

Better Dwelling

The recent surge in lumber prices helped to push home prices higher, but now they’re crashing. Lumber prices closed today nearly 30% below the all-time high reached in May. The recent surge in prices pushed builder costs up by tens of thousands of dollars.

Servicers’ forbearance volume steadily falling

Housing Wire

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association. Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

Rustic but Refined: 10 Luxurious Log Cabins Priced Over $2M

Realtor.com

realtor.com If a trip into the great outdoors sounds awesome, but the reality of rusticity gives you pause, let us present 10 luxurious log cabins you can buy right now. Forget canvas yurts and retro Airstreams festooned with twinkle lights.

How to ensure your buyers find what they want in the city

Inman

How can luxury agents make their clients’ lives easier? We asked top-producing agents from two of the world’s busiest financial capitals to share how they help their buyers tick all the boxes on a purchase.

Pride Progresses in Unlikely Places: 10 Best Cities for LGBTQ Home Buyers

Realtor.com

Getty Images It’s officially Pride Month, and after more than a year in lockdown, it’s time to celebrate!

10 steps to 6-figures in real estate

Inman

Follow this no-nonsense action plan to increase your income, plus the bonus step you didn’t see coming. Agent Sponsored 10 steps to 6-figures in real estate Fathom Realty Josh Harley

Paint Maintenance and Touch-Up Tips That’ll Keep Your Home Looking Like New

Realtor.com

Getty Images You did the work, painted your home (or had it painted for you), and the results are fantastic. Congratulations! Now the question is: How do you keep it looking that way? Behold, our Bible on how to maintain a paint job, so that it remains looking fabulous for years to come.

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Answered: Your top questions about the Knock Home Swap

Inman

Everything you need to know to help your buyers become sellers when inventory remains at record lows. Agent Sponsored Answered: Your top questions about the Knock Home Swap Knock Home Swap

Seller’s Concessions: What is a Seller Concession and How Do They Work

Maximum Exposure Real Estate

Everything You Need to Know About Seller’s Concessions Have you heard a real estate agent using the term “seller’s concessions” and wondered what it meant?

Inventory Watch

BubbleInfo

It is extremely unusual to have more pending listings than actives – I can’t remember a time when it has ever happened before, and certainly not at these record prices. You can tell your grandkids that you remember when!

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May TRREB Stats: Surprise, Surprise!

Toronto Realty Blog

TorontoRealtyBlog. What would you do if you knew absolutely nothing about real estate but really, really wanted to learn? Where would go turn to? Would you ask your parents for insights? Would you read the Toronto Real Estate Board’s press releases?

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Facing backlash, Pacaso implements changes in NorCal

Inman

The second home co-ownership startup announced it will only buy homes valued at $2 million or more in Napa and Sonoma, and pledged a $20,000 donation to an affordable housing-related nonprofit for each Pacaso home sold.

28 million Americans plan to buy a home in 2021 – but should they manage their expectations?

Realty Biz

To say that 2020 was a chaotic year for the US real estate market would be an understatement.

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Manhattan condo board gives vaccine ultimatum to 2 workers

Inman

The building's board told the workers to get a dose of the COVID-19 vaccine or face termination, the New York Post reports. Luxury Luxury Lens MLS & Associations Select Christodora House Coronavirus COVID-19 curbed luxury lens manhattan new york city The New York Post vaccine

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Climax Approaching for Rent Assistance and Evictions

Realty Biz

The current national COVID-19 rent moratorium for evictions is scheduled to end on June 30, 2021. Late in May, it’s estimated that as many as 11 million Americans are behind with their rent in an amount totaling as much as $70 billion.

Construction startup Katerra files for bankruptcy

Inman

The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.”.

Bring a new level of interaction to your website with Multiple Polygon Maps

Easy Agent Pro

If you’ve spent much time on a real estate website lately, you’ve definitely seen a Polygon Map. These tools are great for allowing visitors to scope out exactly which areas they want to explore more of.

Insight Partners, Stone Point finalize CoreLogic acquisition

Inman

Stone Point Capital and Insight Partners completed their acquisition of CoreLogic for $5.9 billion Friday. The company received offers from several other firms including CoStar Group.

How Interactive Maps Simplify The Search Process & Get You More Leads

Easy Agent Pro

When it comes to finding their next home, many of your future clients will rely on your website’s built-in map tool to help them visualize the location before they see it in person.

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The New Normal: What if buyers no longer needed hand-holding?

Inman

Heated demand and short inventory are shaping our post-pandemic world, but thanks to increased technology and changed expectations, the end result might just be better for agents in the long run. Dig into the New Normal, and join us next week at Inman Connect when we take the conversation live.

How to use Market Reports to generate leads and grow your website

Easy Agent Pro

Market Reports are an exciting new take on an old classic; sharing data on markets your client is interested in through short-codes that can be integrated into various pages of your real estate website.

4 leadership traits you need to build a thriving real estate team

Inman

You can have the best systems in the world, but if you’re not a good leader, no one will be motivated to do their best for you or your clients.