Wed.Aug 18, 2021

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Why aren’t builders creating more housing inventory?

Housing Wire

Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000. Positive revisions to the previous data were made, but not by very much. This mixed bag of results reflects the typical variability in the data that occurs when not too much has been happening in housing except that monthly supply has been rising for the new home sales market.

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Canadian Real Estate Needs More Focus On Demand-Side Issues: BMO

Better Dwelling

Canada hasn’t seen this much housing being delivered in a very long time. BMO senior economist Robert Kavcic wrote to clients about July’s new housing completion data this morning. Canada hasn’t built this much housing in decades. While some supply-side issues remain, it’s less of the concern it was a few years ago. Instead, he […].

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Refinance applications fall as mortgage rates rise

Housing Wire

Mortgage applications decreased 3.9% for the week ending Aug. 13 compared to the week prior and fewer borrowers opted to refinance, according to the latest report from the Mortgage Bankers Association. Ten-year Treasury yields rose overall but tapered off slightly at the end of last week , and 30-year mortgage rates tracked by the MBA reached 3.06%.

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Can a Buyer Back Out of a Home Purchase Contract?

Homes.com

In an intense seller’s market, it’s not unusual to see buyers waive contingencies or place an offer on a house sight unseen — both of which can lead to buyer’s remorse. Once a buyer’s offer is accepted by the seller, the buyer is contractually obligated to the home purchase. Or are they? The post Can a Buyer Back Out of a Home Purchase Contract? appeared first on Homes.com.

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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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Mortgage AI firm Candor announces $12.5M in funding

Housing Wire

Candor, a mortgage artificial intelligence firm that has pioneered automated underwriter technology, announced a $12.5 million funding round, led by Arthur Ventures. Nearly a year ago, when Candor vaulted onto the scene, mortgage lenders were desperate to hire underwriters. Lenders offered signing bonuses to qualified underwriters and base salaries of $150,000, stunning observers.

Mortgages 403
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Video of the Week: Take a Virtual Tour of a Striking Lakefront Home in Ontario, Canada

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. ??. Ontario, Canada | Martinus Geleynse, Sotheby’s International Realty Canada. Overlooking Lake Ontario, this unique property offers luxurious living with four indoor kitchens, two outdoor kitchens, top of the line appliances and finishes, and a large covered walk-out deck.

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More Trending

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The AppFolio Services Experience

App Folio

We believe that our customers’ success is core to our continued success. That’s why our team is here every step of the way to ensure our customers stay happy and have the support they need when they need it. And it doesn’t stop after implementation we offer a range of resources and support from training sessions and user forums to customer conferences and regular meet ups.

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Rural Yet Close

BubbleInfo

Check out our new listing of this 2018 multi-gen beauty in Bonsall yet only 15 minutes from the coast! Perfect for multi-gen, this upgraded gem features the primary bedroom suite downstairs with light-and-bright bath and large walk-in closet, plus three bedrooms with their own bonus TV room upstairs! High ceilings, downstairs den, ample storage and […].

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The Barbie Penthouse Where the Real Barbie and Ken Grew Up Hits the Market for $10 Million

Fancy Pants Homes

A one-of-a-kind penthouse with a playful backstory is now up for grabs. The iconic Barbie Penthouse, once owned by Mattel founders Ruth and Elliot Handler and later heavily customized to match its moniker is listed for sale asking $9,999,888. Current owner Nicole Sassaman, a well-known real-estate flipper , designer, and television host, bought the condo directly from Barbara (Barbie) Segal, who inherited it from her parents, Mattel owners Ruth and Elliot Handler.

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5 Maintenance Areas to Improve Your NOI

App Folio

Property maintenance and utilities represent some of the largest, most difficult-to-control hard costs at your properties. When managed with outdated.

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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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Mortgage and refinance rates today, August 18, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. They’re still higher than they were at the start of the month. But recent falls have taken the edge […].

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Prices of building materials have soared in the last year

Realty Biz

Building material costs have jumped by almost 20% in the last 12 months, and by 135 in 2021 alone, according to new data from the Bureau of Labor Statistics. The prices rises are putting pressure on home builders, who in turn are raising their prices. Buyers have seen new home prices rise to a median of $361,800 in June, up 6% from a year before. The astonishing rise in the price of softwood lumber has been well documented, but other building materials have seen similar gains in price.

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Refinancing Stirs in Latest Month to Highest Level Since February

Eye on Housing

In the past month, total mortgage activity, as measured by the Mortgage Bankers Association’s (MBA) Market Composite Index, was supported by refinancing, recovering from the relatively lower levels that were characteristic of the months prior. The gain in refinancing is owed to a sizable drop in the 30-year fixed mortgage, which decreased by 10 basis points to 3.01 percent for.

Mortgages 104
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Taste of Edmonds is Now Taste Twenty One

Mandrona Group

“TASTE TWENTY ONE IS NOT YOUR TYPICAL TASTE EDMONDS” Live Music • Beer/Wine • Food Trucks • Cornhole • 21+ Only • New Location Due to construction the… Continue Reading Taste of Edmonds is Now Taste Twenty One.

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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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Lawmakers Call for FTC to Review Zillow’s ShowingTime Acquisition

RIS Media

House and Senate antitrust subcommittee members Rep. Ken Buck (R-Colo.) and Sen. Mike Lee (R-Utah) have asked the Federal Trade Commission (FTC) to review Zillow’s pending $500 million acquisition of home-showing scheduling platform, ShowingTime. Why the probe? The lawmakers are citing anti-trust concerns in the residential real estate space. “The effect of Zillow’s acquisitions appears to be that it can effectively tell the homeowner what their home is worth, buy the home from

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Inside The Courtyard House in Huntington Beach with Designer Mathew McGrane

First Team Real Estate

6691 Country Circle, Huntington Beach CA listed for $4,995,000. Every home has a story, but few rival that of 6691 Country Circle in Huntington Beach, lovingly known as The Courtyard Home. Meticulously designed over five years with expert Southern California Designer Mathew McGrane , the expansive mid-century modern Zen-inspired home located on the Huntington Club Golf Course was custom designed as a forever home to meet the growing needs of its owner.

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End of COVID Unemployment Benefits Could Impact Real Estate

RIS Media

COVID-related unemployment benefits are set to end on Sept. 7, leaving more than 7 million Americans at a crossroads. While word of an extension has not yet been made public, concerns surrounding the Delta COVID variant and the CDC’s latest eviction moratorium extension may signal a postponement soon. But what happens when the deadline comes to fruition?

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Expansion for Single-Family Built-for-Rent Construction

Eye on Housing

The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. The SFBFR market is a way to add inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period when people want more space and a single-family structure.

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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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Real Estate Q&A: Can a Condo Community Post Speed Limit Signs?

RIS Media

(TNS)—Q: I live in a small condominium community. Several residents are complaining about speeding vehicles and delivery trucks. We are thinking of posting 15 mph speed limit signs, although the streets outside our community allow faster travel. Can we do this, and what else can we do to slow drivers down and prevent someone from getting hurt? — Margaret.

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Real Estate with Howard Drukarsh featuring Maryjane Viejo

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: Real Estate with Howard Drukarsh featuring Maryjane Viejo. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. When Maryjane Viejo isn’t busy performing for Queen Elizabeth, she’s busy selling real estate.

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Applications for REACH Australia’s 2022 Program Now Open

RIS Media

Second Century Venture’s (SCV) global REACH scale-up program helps launch and accelerate high-growth potential companies in the real estate, financial services, banking, home services and insurance industries. The application window for the Australia 2022 program is now open. “We are extremely proud of the success of our first two programs and the caliber of innovation we have helped bring to the global stage,” said Shelli Trung, managing partner, REACH Australia. “Severa

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A Glimmer of Historic Detail Can Still Be Found Inside an Early 20th Century Flatbush Movie House

Brownstoner

It opened to great fanfare in 1916 but it has been decades since the movie lights flickered inside the Rialto Theatre in Flatbush. Purchased by a congregation in the 1970s for use as a worship space, a recent look inside the modest brick building at 1085 Flatbush Avenue shows that… Read More > The post A Glimmer of Historic Detail Can Still Be Found Inside an Early 20th Century Flatbush Movie House appeared first on Brownstoner.

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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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RTRN Highlights the Importance of Home Performance

RIS Media

NAR PULSE— Encourage your agents to go green and start practicing sustainability with free and discounted products from Right Tools, Right Now. Check this month’s limited-time offers to help your agents increase their competitive edge by learning more about the culture of sustainability and resource efficiency. . How Much Is That Home Upgrade Worth?

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Daily Links: Brooklyn-Based Physicians Group Has Allegedly Been Charging Patients for COVID Tests

Brownstoner

In the News The Resilience of New York’s Black Homeowners [NYT] What Gentrification Means for Black Homeowners [NYT] Surprise COVID Test Bills in Brooklyn Prompt Complaint [The City] Bay Ridge Restaurant Flouts City’s Vaccine Mandates [Pix11] Vigil Held in Flatbush for Haiti Earthquake Victims [NY1] Taqueria Nixtamal Pops up at Threes Brewing [Greenpointers] Nook, a Coffee and… Read More > The post Daily Links: Brooklyn-Based Physicians Group Has Allegedly Been Charging Patients for CO

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Refi Surge Slowing Down, All Mortgage Applications Decrease

RIS Media

Mortgage applications decreased 3.9% from last week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 13, 2021. The findings: – The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9% on a seasonally adjusted basis. – On an unadjusted basis, the index decreased 4%. – The Refinance Index decreased 5% and was 8% lower YoY. – The seasonally adjusted Purchase Index decrea

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Wyndham Capital Mortgage Review for 2021

The Mortgage Report

Wyndham Capital mortgage review showing how Wyndham Capital compares to other top lenders for mortgage rates, customer service, and loan options.

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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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Weichert, REALTORS® Announces Management Changes at New Jersey Offices

RIS Media

Carlo Siracusa, president of Weichert Residential Brokerage, announced several management changes at company-owned sales offices in New Jersey: – Christina Weiner has been named manager of Weichert’s Rumson office and a sales coach for associates in the Middletown office. Weiner was most recently manager of Weichert’s Livingston, New Jersey, office where she earned the Regional Manager of the Year award. – Erin Yosco has been named manager of Weichert’s Livingston o

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10 Amazing Kitchen Cleaning Hacks We Stole From TikTok

Realtor.com

We spent hours watching loads of #kitchenhacks videos to find the very best of the best hacks out there. So check out these can't-live-without tricks. The post 10 Amazing Kitchen Cleaning Hacks We Stole From TikTok appeared first on Real Estate News & Insights | realtor.com®.

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6 Important Steps to Take When Moving Into Your New Home

RISMedia

By Brentnie Daggett Moving usually brings up a whole mix of emotions–from excitement and stress to fatigue and fear. Once the moving process is over and you’re officially in your new home, the more optimistic feelings should start to take precedence over the negative ones, but your job isn’t done just yet. Here are a […]. The post 6 Important Steps to Take When Moving Into Your New Home appeared first on RISMedia's Housecall.

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It’s already nice. Why do I need staging?

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: It’s already nice. Why do I need staging? Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. I sometimes think, “I’m not sure they need me!

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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.