Mon.Sep 13, 2021

Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. A report from residential brokerage Redfin found that pending sales across 400 metro areas were up 6% year over year in the four weeks that ended Sept.

Why It’s Still Safe To Sell Your Home

Keeping Current Matters

If you’re on the fence about whether or not you want to sell your house this year, there’s good news. Real estate professionals are highly experienced in how to sell houses safely during the pandemic.

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How demographics shaped the housing market in 2021

Housing Wire

As we come to the end of 2021, we also approach the end of another year living with COVID-19. The year 2020 was one of the most chaotic times in recent history.

Women Make Up 10.9% of the Construction Workforce

Eyes on Housing

The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. Currently, women make up a growing share of the construction employment, up to 10.9%

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Servicer call volume up as borrowers exit forbearance

Housing Wire

After a slight lull , forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association ‘s latest survey.

Loans 364

More Trending

Biden nominates Alanna McCargo to be Ginnie Mae prez

Housing Wire

Alanna McCargo, senior advisor at the Department of Housing and Urban Development , has been picked by the Biden administration to head Ginnie Mae. The position of GNMA president has notably sat vacant for close to five years, with Ted Tozer, the last permanent president, resigning in 2017.

Number of Bathrooms in New Homes

Eyes on Housing

The Census Bureau’s latest Survey of Construction (SOC) shows changes in the shares of the number of bathrooms and half-bathrooms of single-family homes started in the United States in 2020.

Daniella Casseres to speak at HW Annual Sept. 27-28

Housing Wire

The regulatory environment for the mortgage industry is experiencing a period of turbulence as President Biden has ushered in a new era of regulation under his administration.

Banks 311

Price Index for Inputs to Residential Construction Declines in August

Eyes on Housing

Prices paid for goods used in residential construction ex-energy decreased 0.7% in August (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

@properties leaders poised for strategic growth

Housing Wire

Today’s RealTrending features an interview with with Mike Golden and Thad Wong, co-founders of @properties. A powerhouse in the Chicagoland area, the brokerage firm is now expanding to to other areas.

Wells Fargo fined over mortgage loan modification practices

Inman

Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems.

Loans 145

Old Republic settles anti-competitive charges

Housing Wire

Title insurance giant Old Republic International will pay $1 million to settle charges that it entered into “no-poach” agreements to stifle labor competition, the New York Attorney General’s Office said late last week.

Title 239

These are the most family-friendly suburbs in the US

Inman

Looking at schools and infrastructure, realtor.com identified the most family-friendly suburb for each of the country's 11 biggest cities.

Inflation: Current and Future Hurdles Awaiting Real Estate

RIS Media

It may be time for real estate professionals to brace for the industry’s future as the Federal Reserve figures out how to address inflation in the United States.

Constellation1 launches accounting, commission management solution

Inman

Real estate technology company Constellation1 is launching new software for back-office accounting tasks and commissions management.

3 Essential Safety Strategies to Protect Agents in the Field

RIS Media

Did you know that nearly one in four REALTORS® reported that they have feared for their personal safety while on the job? An even higher number, nearly one in three, reported feeling fearful when hosting open houses or conducting showings.

HUD homes more likely to be in floodplains: Report

Inman

HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn't learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance.

A perfect 10!

The Living Room

I met Bryan and Kathe at an open house. They had moved to Portland three years ago from northern California because the wildfires had limited their options for finding a home.

Agents are using TikTok’s popular ‘chopping dance’ as a marketing tool

Inman

The rise of TikTok has given real estate agents another social media platform — and a trendy new dance — to help promote their business. Agent Marketing Marketing & Branding Month Select Technology Chopping Dance theme-month-202109 TikTok

Agents 141

Inventory Watch

BubbleInfo

There were 48 new listings between La Jolla and Carlsbad this week, and 48 new pendings!

Rising home sales, prices help title insurers post record profits

Inman

Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums.

Title 137

Forbearance Expirations

BubbleInfo

Hat tip to GW and AK who sent me an article by Fortune, that references this article: [link] An excerpt: With expiration of a broad federal foreclosure moratorium on July 31, hundreds of thousands of U.S. homeowners are expected to exit forbearance in coming months.

Broker sues NAR, claims listing agent omission violates antitrust

Inman

Arizona broker Grady Hillis objects to rules prohibiting listing broker and agent contact information in public remarks and restricting access to lockboxes to Realtors.

Agents 137

Inflation: Current and Future Hurdles Awaiting Real Estate

RIS Media

The National Association of REALTORS® (NAR) will host its inaugural C5 Summit—the association’s commercial real estate and economic development event—in New York City from Sept. 27-29, 2021. C5 (Commercial. Connect. Commerce. Capital. Community.)

3 moments that made Zillow President Susan Daimler

Inman

Susan Daimler became president of Zillow in February but has been honing her leadership skill since her early days as the co-founder of multiple startups.

NAR Opposes DOJ’s Settlement Agreement Withdrawal

RIS Media

The National Association of REALTORS® (NAR) is fighting the Department of Justice’s (DOJ) attempts to back out of their antitrust lawsuit settlement. NAR filed a petition on Sept.

MLS 86

Brokerage exec tells all: Tools to win in today’s market

Inman

In the above session from Connect Now, Shelley Smith of Knock and Carol Perry of HomeSmart International discuss a brokerage that successfully adopted new technology and tools that benefit clients as much as agents, and how you can do the same.

5 Things You Should Know Before You Make a Real Estate Investment

Realty Biz

A blind real estate investment might end up making no profit as per your expectations, but it’s all in vain. Whether you are buying a property to earn rental money through it or for living purposes, you surely have to take care of the indicators that play a vital role in the real estate economy.

Is your client ready to buy a home? This is the best time to do it

Inman

Here's the best time to purchase a home, according to realtor.com's latest real estate market report. Markets & Economy Select fall home prices fall homebuying season fall market trends home price growth homebuyers homebuying realtor.com