Eye on Housing
OCTOBER 7, 2021
Of the roughly 990,000 single-family homes started in 2020, only 19.3 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). This marks the third year in a row the share of new homes with decks has declined, and the first time the share.
Housing Wire
OCTOBER 7, 2021
The average 30-year-fixed mortgage rate slipped back down to 2.99% for the week ending Oct. 7, according to Freddie Mac ’s latest PMMS survey. The week before , rates had made it above the 3% mark for the first time since June. Sam Khater, Freddie Mac’s chief economist, said in a statement that rates remain close to 3% as a result of continued unknowns in the financial markets, as the pandemic lingers on.
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Lighter Side of Real Estate
OCTOBER 7, 2021
There’s no denying that the recent market has been tough for buyers. Thanks to historically low inventory, many would-be buyers have been unable to successfully find and purchase a home. But it looks like that’s starting to change. According to the September Housing Report from realtor.com , available inventory in the United States (which the report defined as active listings on realtor.com without a contract) hit 646,053 homes in September—a high for 2021.
Housing Wire
OCTOBER 7, 2021
It is no surprise that four Californian metropolitan areas led the way in unaffordability in September. Interestingly, San Diego actually surpassed Los Angeles in unaffordability, according to a new report from OJO Labs. The report is based on data collected from every metro area in which more than 1,000 homes were sold in September. San Diego’s median home sold price rose to $750,000 in September, marking a 2.4% increase from August and a 20% year-over-year increase.
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Sotheby's International Real Estate
OCTOBER 7, 2021
Sotheby’s International Realty today announced that Reside Realty Ltd. has joined the network and will now operate as Jamaica Sotheby’s International Realty. The addition marks the brand’s continued growth in the Caribbean and comes at a time of increased interest in secondary and resort markets. The addition follows the brand’s recent expansion into St.
Housing Wire
OCTOBER 7, 2021
FHFA Acting Director Sandra Thompson. Editor’s note: This piece was originally featured in the Oct/Nov magazine and has been updated to reflect the latest changes and announcements at the FHFA. Nearly five years after the global financial crisis, lenders and the government-sponsored entities were still negotiating who would bear responsibility for defaulted loans.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 7, 2021
A former marketing director at Residential Home Funding Corp. (RealFi), a nonbank mortgage lender based in New York, accused the company’s top male executives of creating a toxic workplace through repeated sexual harassment and gender discrimination. Georganne Youngclaus, the former marketing director at RealFi, filed a civil lawsuit against a group of top male executives at the lender, alleging that they engaged in “severe and pervasive patterns of mentally and physically abusive conduct” from
Sotheby's International Real Estate
OCTOBER 7, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Del Mar, California | Eric Iantorno & Pilar Meza, Pacific Sotheby’s International Realty . The waterfront California home of Sharon Alesia, the late horse breeder and wife of actor and director Frank Alesia, hit the market Friday for $23 million.
Housing Wire
OCTOBER 7, 2021
The investment bank Keefe, Bruyette & Woods (KBW) , a subsidiary of Stifel Financial Corp., has bolstered its fintech and financial services group with the hire of three veterans from investment bank Berkery, Noyes & Co. John Guzzo and Jason White will be managing directors at KBW, with a focus on mortgage technology companies and related sectors.
Better Dwelling
OCTOBER 7, 2021
It seems a lot of people are confused about inflation, including the head of Canada’s central bank. Today, Bank of Canada (BoC) governor Tiff Macklem addressed the US Council on Foreign Relations. His address mostly focused on global currency, but it was the media Q&A where things got interesting. Over three questions, he made several […].
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Point2Homes
OCTOBER 7, 2021
Image: Breadmaker / Shutterstock.com. If you’re thinking of selling a home, you’ve probably heard the term ‘home staging.’ And like many people, you’ve probably got some questions. Questions like “What is home staging exactly?” and “Do I really need home staging to sell my home?” Read on for the answers to these and all your top home staging questions.
RIS Media
OCTOBER 7, 2021
Corcoran Group, LLC recently announced its continued global expansion by adding its third Caribbean affiliate, and entrance into the Bahamas, with Corcoran CA Christie Bahamas. “I am thrilled to continue such an exciting global trajectory into the Bahamas,” said Pamela Liebman, president and CEO of The Corcoran Group, in a statement. “Not only are we expanding our network in a stunning part of the world, but we’re welcoming a group of incredibly talented real estate profe
First Team Real Estate
OCTOBER 7, 2021
As much a work of art as it is a home, The Ark is a fantastical piece of architecture that’s been swathed in mystery since its creation in 1923. Designed by famous French architect Jean L. Egasse, the home is one of many famous Arts and Crafts estates he created across Southern California, including a storybook-style house in Eagle Rock where Matt Damon and Ben Affleck were inspired to write their masterpiece Good Will Hunting.
RIS Media
OCTOBER 7, 2021
There’s a powerful method that real estate professionals can use to increase their leads, and it’s called the “stacking effect.” This method allows you to grow your client database through repeat business, leads and referrals. By building upon your current relationships, you’ll generate new leads without having to resort to cold calling.
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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.
Hank Miller Team
OCTOBER 7, 2021
The idea that a company or investment firm will provide a cash offer for your home is instinctively positive, what’s not to like? To be clear, this is called a “direct sale” as the home isn’t offered for sale in traditional ways. Usually a buyer contacts a seller directly (often initiated by the seller) with an offer and terms of sale. Executed correctly, an off market or direct sale cash transaction can be completed very quickly; about as long as it takes to clear title and get the closing docs
RIS Media
OCTOBER 7, 2021
Mortgage rates have decreased slightly, with the 30-year fixed-rate mortgage averaging 2.99%, according to the latest data from Freddie Mac’s Primary Mortgage Market Survey ®. Mortgage details: – 30-year fixed-rate mortgage averaged 2.99% with an average 0.7 point for the week ending Oct.7, 2021, down slightly from last week when it averaged 3.01%.
Realty Biz
OCTOBER 7, 2021
So far this year, technology geared to support the real estate and property industries has received more than $9 billion in funding. News that Canadian startup CostCertified has raised $8.5 million is just the latest in a tranche of key investments in the sector. Only this one reveals how solving big time headaches is best accomplished. Practically, from hard won experience. .
RIS Media
OCTOBER 7, 2021
Depending on the size of your brokerage, you may or may not already have an internal learning platform for training new and experienced agents. Even if you do, that training may be through a national corporate site, so it may not address local training needs specific to your office. A solution for local and franchise brokers is to provide a customized learning platform that is specifically branded and customized to your company.
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
OCTOBER 7, 2021
The city’s Parks Department on Tuesday unveiled a replacement Spanish Memorial Plaque at Fort Greene Park, meant to honor Spanish martyrs who gave their lives during the American Revolutionary War. The original plaque — presented as a gift from King Juan Carlos of Spain in 1976 — was hastily placed on… Read More > The post Spanish Martyrs Get Redesigned Memorial Plaque in Fort Greene Park appeared first on Brownstoner.
RIS Media
OCTOBER 7, 2021
Apple picking, Halloween, pumpkin spice lattes and home-buying are, in fact, all things that go very well together, according to a new report from ATTOM® Data Solutions , which found that October is the best month to get a good deal on a home as buyers paid significantly less than those who bought in the summer. Analyzing data over a seven-year period from 2013 to 2020, the report found that in October, people paid an average of 2.9% over the median automated appraisal price of a given home.
The Mortgage Report
OCTOBER 7, 2021
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday, dodging the bullet of another rise, which had looked likely early that day. These rates may currently feel high […].
RIS Media
OCTOBER 7, 2021
United® Real Estate announced it has recently been named a Top 100 technology company by banking group, D.A. Davidson. Its annual ” The Herd ” highlights 100 of the top private technology companies in the United States. United Real Estate was one of only two real estate brokerages selected for inclusion; this year’s list reflects a diverse group of businesses across cloud, collaboration, fin-tech, human capital management, infrastructure, sales and marketing, security and vertical so
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.
Better Dwelling
OCTOBER 7, 2021
Canadian real estate prices will get post-election support, but risks are piling up. Sal Guatieri, a senior economist at BMO Capital Markets, wrote to clients on the boom and risk of real estate. He sees policy enthusiasm and a lack of inventory boosting existing-home prices near-term. As prices continue to rise, he warns the risks […]. The post Canadian Real Estate Will See Support From Policies, But Correction Risks Persist: BMO appeared first on Better Dwelling.
RIS Media
OCTOBER 7, 2021
Leadership at United Real Estate North Jersey Discusses Why Selecting the Right Brokerage Makes All the Difference. Jeff Bailey. COO/Owner. Todd Bailey. CFO/Owner. Anthony Laurita. Broker/Owner. United Real Estate North Jersey. Fair Lawn, New Jersey. www.UnitedRealEstateNorthJersey.com. Regions served: Northern and Central New Jersey as well as New York.
Brownstoner
OCTOBER 7, 2021
When Katrina Peralta of LivletStudio and her husband, David, who works in real estate, purchased a circa 1894 row house in August 2020, the place was perfectly livable, with no mechanical issues needing immediate attention. Nevertheless, said Peralta, "It needed a refresh. There was a lot of beige. We wanted… Read More > The post The Insider: ‘Light Reno’ Freshens Up Bed Stuy Row House for Young Family, Buying Them Time appeared first on Brownstoner.
RIS Media
OCTOBER 7, 2021
Prominent New York, regional, national and international real estate thought leaders convened, both in person and virtually on Sept. 30 to discuss challenges facing the industry and to share strategies for seizing opportunities in the global marketplace as part of the Global Real Estate Summit 2021. The event, now in its 15th year, was presented by eight regional REALTOR® associations: the Hudson Gateway Association of REALTORS®, Greater Bergen REALTORS®, North Central Jersey Association of REA
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Brownstoner
OCTOBER 7, 2021
In the News Why These New Yorkers Stopped Paying Rent [NYT] Third Avenue Festival Returns to Bay Ridge After Pandemic Hiatus [BP] New Exhibit Spotlights Ruth Bader Ginsburg's Early Years in Brooklyn [BP] Ultimate Block Party RestorationROCKS! Returns This Weekend [BK Reader] ‘Cancel Tax Lien Sale,’ Brooklyn Community Groups Tell the City [BK Reader] Lights… Read More > The post Daily Links: Brooklyn Community Groups Want Tax Lien Sale Cancelled appeared first on Brownstoner.
REM Online
OCTOBER 7, 2021
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Michelle Zhou and Sharon Yu open Century 21 The One Realty in Markham. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Michelle Zhou and Sharon Yu are new franchisees of Century 21 The One Realty in Markham, Ont.
American Lifestyle
OCTOBER 7, 2021
The post Carve with Care: 5 Tips for Carving Pumpkins appeared first on American Lifestyle Magazine.
Brownstoner
OCTOBER 7, 2021
It could stand cosmetic tweaks and decoration, but even assuming the usual restrictions, this rental offers a rare chance to lease an entire early 20th century house in the Prospect Lefferts Gardens Historic District with a wood-burning fireplace, two full floors of bedrooms, and a yard for a not totally… Read More > The post PLG Colonial Revival Townhouse With Fireplace, Dining Room, Sleeping Porch Asks $5,500 a Month appeared first on Brownstoner.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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