Keeping Current Matters
OCTOBER 21, 2021
It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been.
Housing Wire
OCTOBER 21, 2021
The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. Most economists believe they’ll continue to climb. “Mortgage rates continued to rise this week due to the trajectory of both the economy and the pandemic,” Sam Khater, Freddie Mac’s chief economist, said in a statement.
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Better Dwelling
OCTOBER 21, 2021
Canada’s central bank is increasingly feeling the pressure from inflation. Desjardins, the country’s largest cooperative financial group, accelerated its interest rate forecast. They see the Bank of Canada (BoC) hiking rates a quarter earlier than previously expected. Elevated inflation is what’s behind the change, and it’s going to push the cost of mortgages higher.
Housing Wire
OCTOBER 21, 2021
An overwhelming majority of surveyed seniors revealed that they would prefer to age in place in their current home, as opposed to moving into some kind of an assisted living facility. This is according to a new “Importance of Home” survey released this week by American Advisors Group (AAG), the leading reverse mortgage lender in the United States based on industry endorsement data.
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Maximum Exposure Real Estate
OCTOBER 21, 2021
Moving Change of Address Checklist Who are the most important people and organizations to notify when you are moving? An excellent question, right? When you move, it is essential to understand who should know you’re changing your address. A change of address checklist is necessary not to forget who should know about your new location. […].
Housing Wire
OCTOBER 21, 2021
Endpoint , a platform that provides buyers, sellers and agents with a completely digital way to close on properties, announced Tuesday that it has secured an additional $150 million in funding. The funding came from parent company First American Financial Corporation. Since its founding in 2018, Endpoint has raised $220 million in capital. The company last announced a funding raise in November 2020 , when it secured $40 million from First American.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 21, 2021
The Consumer Financial Protection Bureau (CFPB) issued a series of orders Thursday that will require large tech companies to hand over information on their payments systems to better understand how these firms manage and access users personal data. “Big Tech companies are eagerly expanding their empires to gain greater control and insight into our spending habits,” said CFPB Director Rohit Chopra.
Better Dwelling
OCTOBER 21, 2021
Canadian real estate prices have been on an epic run, but they’re starting to lose a little steam. The Teranet–National Bank of Canada House Price Index (TNBC HPI) showed minor growth in September. The annual rate is still elevated, but it fell from the record high due to the month dragging. Last month’s gain was […]. The post Canadian Real Estate Prices Hit Pause As Vancouver Falls From Record: National Bank appeared first on Better Dwelling.
Housing Wire
OCTOBER 21, 2021
With stunning lake views, easy access to world class ski resorts, a pedestrian-friendly downtown bustling with shops and restaurants, and the vibrancy of a college town, Burlington, Vermont has long been a sought-after destination for homebuyers. As the COVID-19 pandemic has opened the possibilities of working remotely, more and more people are looking to buy a house in Vermont’s largest city, causing a huge swell in demand in an area that was already flush with prospective buyers.
Lighter Side of Real Estate
OCTOBER 21, 2021
When you buy a home, you want to buy at a time when you can get the best home at the best price. And that time is right now—in the month of October. According to a recent analysis from ATTOM Data Solutions (which analyzed 33 million home sales over the past eight years), if you’re planning on buying a home, October is the best time of year to score a deal.
Advertiser: Trellis
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Housing Wire
OCTOBER 21, 2021
An offering of Fannie Mae and Freddie Mac mortgage servicing rights (MSR) linked to a loan pool valued at nearly $2.2 billion is now being marketed by the Prestwick Mortgage Group on behalf of an undisclosed independent mortgage banker, according to a bid document obtained by HousingWire. The offering is yet another sign that the MSR market is continuing to heat up as the final quarter of the year unfolds.
Brownstoner
OCTOBER 21, 2021
It's unusual for the New York City Landmarks Preservation Commission to approve a four-story extension to the rear of a Brooklyn townhouse visible from a nearby street. But Landmarks granted a dispensation in the case of this 19th century row house in the Clinton Hill Historic District, enabling its expansion from… Read More > The post The Insider: Gut Renovation of Landmarked Clinton Hill Townhouse Adds Extension, Keeps Mantels appeared first on Brownstoner.
Housing Wire
OCTOBER 21, 2021
The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The push will come from the Congress, where the COVID-19 pandemic rekindled discussions about a program established in the 1990s. The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes.
Realty Biz
OCTOBER 21, 2021
As with most things, COVID slammed the real estate industry to a halt before being thrust into some fast changes. Some trends had been slowly gaining ground for a few years, but COVID created exponential growth that otherwise may have taken many more years. There’s a lot of opportunity with both residential and commercial properties to use today’s technology in real estate.
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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.
Housing Wire
OCTOBER 21, 2021
During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech adoption in appraisal might face an uphill climb. Appraisers themselves — and the regulatory standards they are held to — stand in the way of tech adoption, said Lyle Radke, director of collateral policy at Fannie Mae , during a panel hosted by the Mortgage Bankers Association. “Appraisers are
Realty Biz
OCTOBER 21, 2021
Construction sites are a dangerous place to be. The Occupational Safety and Health Administration (OSHA) notes that more than 195,600 workplace injuries and 3,600 workplace illnesses were reported in 2020. That’s why it’s essential for employers to take safety precautions when operating at a construction site to minimize personal accident risks for construction workers.
The Mortgage Report
OCTOBER 21, 2021
Today's rates make a refinance a good decision if your income has been reduced or you've encountered another financial challenge. These programs can help.
Realty Biz
OCTOBER 21, 2021
The Federal Housing Finance Agency has opted to make desktop appraisals permanent, having first introduced them as a temporary measure in March 2020. Desktop appraisals , as the name suggests, are an appraisal of a home’s value that’s done entirely at the appraiser’s desk. So there’s no traveling to the home, no inspection, no measuring. Rather, the appraiser relies on data from third party sources such as the multiple listing service, tax records, comparables, Google maps and other public recor
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.
The Mortgage Report
OCTOBER 21, 2021
Owners of vacation homes are discovering low rates and easier qualification standards for second home refinances. Get cash out, lower your rate, and make your vacation residence more affordable.
Realty Biz
OCTOBER 21, 2021
Zillow is putting a hold on its iBuying operations until the end of the year after reaching “operational capacity” according to a statement by the company. The pause comes three years after Zillow gatecrashed the iBuying market with its Zillow Offers service, which allows homeowners to obtain an instant cash offer on their property and then sell it instantly, if they’re interested in a quick sale.
The Mortgage Report
OCTOBER 21, 2021
No more VA loan limits VA loan limits were repealed in 2020. That means the VA mortgage program — arguably the best financing available — is now better. An end […].
Brownstoner
OCTOBER 21, 2021
From a real estate family in Westchester, award winning Compass real estate agent and Brooklyn Heights resident Peter Riolo talks about putting people first, the market in Brooklyn, and the easiest way to move out of the city on the latest episode of The Brownstoner Podcast. “Brooklyn has been incredibly… Read More > The post Brownstoner Podcast: Real Estate Insider Compass’ Peter Riolo Looks at the Brooklyn Market appeared first on Brownstoner.
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.
The Mortgage Report
OCTOBER 21, 2021
Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. And that was a pleasant surprise. Because a rise had looked likely earlier in the day. Of course, these […].
Brownstoner
OCTOBER 21, 2021
In the News New York City Mandates Vaccines for Its Workers to ‘End the Covid Era' [NYT] Brooklyn Lawyers Plead Guilty in Firebomb Case [NYT] Dumbo BID Creates Local Currency as Incentive to Returning Workers [Eagle] Woman Forced to Live in Sewage-Flooded Apartment in Bed Stuy [ABC7] MTA Spent Millions on Cost-Cutting Effort, Spurred… Read More > The post Daily Links: New York Expands Vaccine Mandate to City Workers appeared first on Brownstoner.
Realtor.com
OCTOBER 21, 2021
No trick: A Los Angeles house featured in Wes Craven’s “A Nightmare on Elm Street” has crept onto the market for $3.25 million. The post Scary Nice: ‘Nightmare on Elm Street’ House on the Market for $3.25M appeared first on Real Estate News & Insights | realtor.com®.
Sotheby's International Real Estate
OCTOBER 21, 2021
Aspen, Colorado | Lucy Nichols, Aspen Snowmass Sotheby’s International Realty. The beauty of Japanese and Scandinavian interior design styles are blending together this year. The result? Japandi design, which can be used to transform a house into a welcoming, comforting, and calm sanctuary. While both styles are grounded in minimalism, Japanese design operates on the Zen Buddhist ethos of wabi-sabi , where relaxation and a connection to nature are imperative, while rustic Scandinavian des
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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.
Point2Homes
OCTOBER 21, 2021
Everyone loves great water views, and this Collingwood rental definitely delivers! Located in the desirable Sunset Point neighbourhood, the home has plenty of space for entertaining and a great backyard for relaxing in the hot tub, enjoying a meal on the deck or sitting around the firepit. Although it feels very tucked away, the property also happens to be close to many amenities.
App Folio
OCTOBER 21, 2021
Have you or your staff ever been unable to take a vacation, missed out on a family event, or woken.
Realtor.com
OCTOBER 21, 2021
Skip the Halloween blow-up aisle, and learn from the pros who build this stuff for a living: TV and movie set designers and others in the Hollywood biz. The post 10 Genius Halloween Decor Hacks That’ll Make Your Home the Talk of the Town appeared first on Real Estate News & Insights | realtor.com®.
Brownstoner
OCTOBER 21, 2021
This top-floor apartment in a circa 1910 neo-Renaissance brick townhouse in the Prospect Lefferts Gardens Historic District has a flexible floor plan and classic details, including wood floors, a bay window and painted woodwork. Located at at 205 Sterling Place, the pale yellow two-family house with a typical heavy cornice… Read More > The post Top-Floor Unit With Dining Room, Two Bedrooms, Dishwasher in PLG Asks $2,750 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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