Mon.Aug 09, 2021

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Soaring home prices are spooking buyers

Housing Wire

Home purchase sentiment dropped 3.9 points to 75.8 in July as concerns about high home prices continued to scare off prospective homebuyers. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) found that 66% of respondents said that due to high housing prices, it’s a bad time to buy a home, up from 64% last month. Only 28% said it was good time to buy a home, down from 32% in June.

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7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes

Realtor.com

Having recently purchased my first home, I’ve had a front-row seat to all the trials and tribulations that come with learning how to be a homeowner. The post 7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes appeared first on Real Estate News & Insights | realtor.com®.

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Forbearance numbers fall, delinquency rates rise

Housing Wire

Once again, servicers’ forbearance portfolio volume fell — this time dipping seven basis points to 3.40% for the week ending Aug. 1, according to a survey from the Mortgage Bankers Association. Per MBA’s estimate, 1.7 million homeowners are still in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance also decreased, falling five basis points to 1.74%, and Ginnie Mae loans decreased 12 basis points to 4.18%.

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New Development Spotlight: Atlantis The Royal Residences in Dubai

Sotheby's International Real Estate

Showcasing the height of new luxury construction in some of the world’s most sought after locations, let’s explore an exclusive new development from our worldwide network. Dubai | Chris Whitehead, LUXHABITAT Sotheby’s International Realty . Atlantis The Royal Residences offers a sophisticated lifestyle and hospitality experience with architecture from the finest international designers, the project lies on the crescent of The Palm with spectacular 360 degree views.

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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.

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Refinances make a comeback in July

Housing Wire

Refinances are flowing once again, according to July mortgage origination figures in a report from Black Knight, and early data from August suggests more are on the way. For the first time since February , refinance activity accounted for half of all origination activity, according to a report by Black Knight. Rate and term refinances rose 24%, while cash-out refinances were up 20% from the previous month.

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Could Identity Theft Keep You From Buying a House?

Realtor.com

If your identity is stolen, the resulting credit damage could keep you from buying your dream home. Here are steps for recognizing and repairing this problem. The post Could Identity Theft Keep You From Buying a House? appeared first on Real Estate News & Insights | realtor.com®.

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More Trending

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Herd Mentality? Toronto and Vancouver Home Sales and Inventory Are Moving Together

Better Dwelling

Two of Canada’s most important markets, which often lead the trend, are moving in an unusual way — together. Despite being across the country from each other, both markets saw a surge in the sales to new listings ratio (SNLR) for July. The measure, which gives a read on demand, shows inventory is getting tighter. […]. The post Herd Mentality? Toronto and Vancouver Home Sales and Inventory Are Moving Together appeared first on Better Dwelling.

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Boise home prices rising faster than any other US city

Housing Wire

Boise, Idaho. No city in America saw larger home price gains in the first half of 2021 than — yes, you guessed it — Boise, Idaho. According to a study from HouseCanary — which looked at the top 25 metros in the country with the highest median price increase over the last six months — Boise’s home prices increased 13% from December 2020 ($410,000) to June 2021 ($463,383), the highest in the country.

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Meet Christina Haack’s New Neighbors—and Her ‘Prettiest’ Upgrade for Their House

Realtor.com

Christina Haack has new neighbors! And what better way to welcome them to the area than a makeover on "Christina on the Coast"? . The post Meet Christina Haack’s New Neighbors—and Her ‘Prettiest’ Upgrade for Their House appeared first on Real Estate News & Insights | realtor.com®.

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Compass loses less money than you’d think

Housing Wire

Compass CEO Robert Reffkin. Wait, is Compass on the right track? The New York City-headquartered residential brokerage lost money again in the second quarter. But its net loss of $7.1 million more than favorably compared to not just a deficit of $84.2 million in the second quarter of 2020 – when the real estate market faced its pandemic low point – but $212 million of negative income in this year’s first quarter.

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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.

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Residential Redevelopment of Bedford-Union Armory Moving Quickly in Crown Heights

Brownstoner

The residential section of a controversial redevelopment of the Bedford-Union Armory in Crown Heights is starting to come together. Two separate buildings, right next to one another, have been rising quickly. An eight-story building located at 1089 President Street, which recently had an affordable housing lottery, has topped out. Most of… Read More > The post Residential Redevelopment of Bedford-Union Armory Moving Quickly in Crown Heights appeared first on Brownstoner.

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Easy Property Improvements for New Landlords

Realty Biz

Investing in a rental property provides one of the most stable forms of passive income available. But the only way to make income on rental properties is when there are paying tenants, in both the traditional rental market and vacation rental market. Many rental property owners spend a large amount of time thinking about and performing duties that could help them reduce the time that their property is vacant and not making them any money.

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Zillow Local Forecasts

BubbleInfo

What’s your prediction on local home-price appreciation over the next year? Here’s what Zillow thinks – they sent these to me over the last three weeks: La Jolla: Del Mar: Carmel Valley: Rancho Santa Fe: Encinitas: SE Carlsbad: SW Carlsbad: NW Carlsbad: NE Carlsbad: Even after the market perked up last year, their guesses were […].

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Everything We Know About Adam Levine’s House in Los Angeles

Fancy Pants Homes

Marron 5 lead singer Adam Levine and wife Behati Prinsloo recently opened the doors of their stylish home to the Architectural Digest crew — and left us all day-dreaming about their cozy abode in the hip Los Angeles neighborhood of Pacific Palisades. But we didn’t want to settle with the details the couple shared during the interview, so we set out to find everything there is to know about the Pacific Palisades ranch-style house (and how it became home to two of the most attractive p

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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.

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Major Talent: Parfitt Brothers Make Their Mark on Brooklyn

Brownstoner

Deep in the heart of Somerset, the town of Frome in England is renowned for the caliber of its woven woolen goods, its arts school and the quality of the decorative objects produced by its foundries. Three brothers born and raised in the design haven left England for America in… Read More > The post Major Talent: Parfitt Brothers Make Their Mark on Brooklyn appeared first on Brownstoner.

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Inventory Watch

BubbleInfo

The market is looking fairly steady above, with no dramatic movements over the last couple of weeks. The variant should shut down the enthusiasm some day soon, which will probably cause the market to come back more swiftly once it clears. Maybe we’ll have a fourth quarter surge if buyers want to get a jump […].

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Non-Revolving Debt Spikes in Second Quarter

Eye on Housing

In the second quarter of 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate by 8.8%, with revolving debt1 increasing by 10.7% and nonrevolving debt2 increasing by 8.3%. Consumer credit totaled $4.3 trillion on a seasonally adjusted annual basis, with $992 billion comprised of revolving debt and $3.3 trillion in nonrevolving debt.

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What Are FHA 203K Loans and How Do They Work

Maximum Exposure Real Estate

The Ultimate Guide to FHA 203K Rehabilitation Loans Over the years of working as a real estate agent, quite a few home buyers have asked me about buying and fixing a house with one loan. The answer, of course, is an FHA 203k rehabilitation loan. If you want to buy a home that you can […]. The post What Are FHA 203K Loans and How Do They Work appeared first on Massachusetts Real Estate Exposure.

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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.

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Rising Job Openings

Eye on Housing

In the June labor market data, job openings for the overall economy increased to 10.1 million open positions. What had been a challenge in certain sectors, like construction, is now a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs increased in June to 339,000 unfilled positions, according to data from.

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5 Designer Tips for How To Nail ‘California Cool’ Decor

Realtor.com

Just like a cool breeze from the sea, "California cool" decor is all about bringing a fresh new perspective to home decor. The post 5 Designer Tips for How To Nail ‘California Cool’ Decor appeared first on Real Estate News & Insights | realtor.com®.

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Spanish Eclectic Row House With Sunrooms, Pink Baths, Garage in Midwood Asks $1.499 Million

Brownstoner

This Spanish Eclectic-style house is full of surprises, from sunrooms to pink bathroom fixtures to a large garage. Located at 1521 East 29th Street in Midwood close to Marine Park, it's part of a whimsical row ornamented with arches, stepped gables and bell towers. It was constructed around 1931, the year… Read More > The post Spanish Eclectic Row House With Sunrooms, Pink Baths, Garage in Midwood Asks $1.499 Million appeared first on Brownstoner.

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HUD Awards $30 Million to Assist Low-Income Elderly Homeowners

RIS Media

The U.S. Department of Housing and Urban Development (HUD) is providing $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in place. Provided through HUD’s Older Adults Home Modification Program (OAHMP), these grants allow low-income seniors to stay in their homes through low-c

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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.

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Top Waterfront Eateries – North Palm Beach to Jupiter

Waterfront Properties

From North Palm Beach to Palm Beach Gardens and up to Jupiter are scattered restaurants located on the waterfront. There are so many restaurants located on the water for you to visit and truly relish the South Florida lifestyle. These local restaurants offer everything from seafood, steaks, pasta, sushi, and much more. Or just opt for a drink and some appetizers.

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ATTOM: Surging Home Equity Indicator of Healthy Housing Market

RIS Media

ATTOM’s latest U.S. Home Equity & Underwater Report shows that 34.4% of mortgaged residential properties in the U.S. were considered equity-rich in the second quarter—this means the combined estimated amount of loans secured by those properties was no more than 50% of their estimated market value. Mortgaged homes that were equity-rich in the second quarter of 2021 increased from 31.2% in the first quarter and from 27.5% YoY.

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Getting Sellers More for Their Homes, First Team Huntington Beach South Ranks #1 Real Estate Office in Orange County

First Team Real Estate

With an average of 104% sold to list price percentage, our agents in the First Team Huntington Beach South Office consistently bring home more money for their sellers than any other real estate office in Orange County 1. Never leaving money on the table, especially in today’s seller’s market, the agents in our Huntington Beach South office have put an extra $6,637,077 in the bank for Southern California homeowners by helping them sell for as much money as possible.

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Black REALTOR® and Client Handcuffed During Home Showing

RIS Media

Earlier this month, a Black Michigan REALTOR® named Eric Brown was the purported victim of racial profiling during what should have been a routine showing. Police drew guns on the real estate agent, his client Roy Thorne and the client’s 15-year-old son after a neighbor called 911 to report a break-in. According to several sources , all three were eventually released after Wyoming, Michigan police ordered them out of the home with their hands up and handcuffed each of them.

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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.

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Daily Links: Racial Impact Study Claims Gowanus Rezoning Could Lead to More Local Diversity

Brownstoner

In the News The Pandemic Gave New York City ‘Open Streets.’ Will They Survive? [NYT] How the Owner of Williamsburg's Kellogg's Diner Spends Her Sundays [NYT] Transformer Explosion Leaves Carroll Gardens Bakery Powerless [NYDN] Third Avenue Festival Planned for Bay Ridge Return in October [BP] Gas Explosion in Bed Stuy Leaves One Woman Injured [BP] Gowanus… Read More > The post Daily Links: Racial Impact Study Claims Gowanus Rezoning Could Lead to More Local Diversity appeared first on

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Affordability and Inventory Concerns Creating Polarized Market Sentiment

RIS Media

Fannie Mae recently released its Home Purchase Sentiment Index® (HPSI) , which decreased 3.9 points to 75.8 in July, due to affordability and inventory concerns. The details: Good vs. Bad Time to Buy and Sell: On the buy-side, 66% of respondents said it’s a bad time to buy a home, up from 64% last month. On the sell-side, 75% of respondents said it’s a good time to sell, down slightly from 77% in July.

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3 Crucial Questions to Make Yourself an Irreplaceable Real Estate Agent

HomeLight

Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | Stitcher | YouTube. You hear our mission in every episode. The Walkthrough exists to help you grow your business, stand out from the crowd, and become irreplaceable. The first two are obvious. That third one … what’s that about?

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William Raveis Acquires Key Solutions Real Estate

RIS Media

William Raveis Real Estate, Mortgage & Insurance (WRRE) has acquired Sarasota, Florida-based Key Solutions Real Estate, a luxury and family-owned brokerage with 44 professional sales associates. Key Solutions’ offices on Siesta Key and in Lakewood Ranch will reopen under the William Raveis Real Estate luxury brand. The acquisition marks WRRE’s entry into the Sarasota market, following Naples and Palm Beach.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.