Housing Wire

SEPTEMBER 24, 2021

Today the Census Bureau ‘s new home sales report came in as a beat of estimates at 740,000, but the most important aspect is that revisions came in positive for the prior months, which shows a more stable market as revisions are always key with new home sales and housing starts. From the Census Bureau: “Sales of new single?family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly today by the U.S.

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Keeping Current Matters

SEPTEMBER 24, 2021

Some Highlights. Due to low supply and high demand , today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values , and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Work with an agent to take advantage of this hot sellers’ market.

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Housing Wire

SEPTEMBER 24, 2021

The raft of legislation designed to spur first-time homeownership in America seems to grow by the minute. Another bill joined the fray, and its sponsors propose creating a new 20-year-fixed-rate mortgage program through Ginnie Mae. The legislation, dubbed the “Low-income First Time Homebuyer (LIFT) Act,” would create a program through the Department of Housing and Urban Development that would sponsor low fixed-rate 20-year mortgages.

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Maximum Exposure Real Estate

SEPTEMBER 24, 2021

Common Mortgage Questions—Information You Need to Know If you are buying a home, you probably have some mortgage questions. For first-time home buyers, the process of getting a mortgage can seem intimidating. Many factors come into play when getting a loan for a home—and if you haven’t done it all before, it can potentially be […]. The post Top 16 Mortgage Questions to Get Answered Before Buying a Home appeared first on Massachusetts Real Estate Exposure.

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Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

Technology

Housing Wire

SEPTEMBER 24, 2021

Sales of new single-family homes in August increased 1.5% from the prior month, at a seasonally adjusted annual rate of 740,000, according to a report from the U.S. Commerce Department released on Friday. That’s the second straight month of rising sales for homebuilders, though there’s good reason to think the height of the frenzy is behind us.

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Housing Wire

SEPTEMBER 24, 2021

Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac , the Federal Housing Finance Agency (FHFA) announced today. Forbearance options for multifamily mortgages backed by the GSEs were set to expire on Sept. 30 , but the FHFA has extended until needed.

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Eye on Housing

SEPTEMBER 24, 2021

After a prior cooling trend for the volume of new home sales, sales contracts increased 1.5% in August according to estimates from the Census Bureau and HUD. The August seasonally adjusted annual rate (740,000) was 24% lower than a year ago, when an unsustainable rebound took hold in the market. Higher prices have also affected housing affordability, with new home.

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Housing Wire

SEPTEMBER 24, 2021

It’s no secret that housing is in short supply. According to Realtor.com , the country is a whopping 5.24 million homes short. And total active listings? Those are down 24% over the year. To make matters worse, some of that inventory is extremely dated. The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for.

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Eye on Housing

SEPTEMBER 24, 2021

The latest Federal Reserve Z.1 Financial Accounts of the United States, i.e., the “Flow of Funds”, show that in the second quarter of 2021 the aggregate market value of all owner-occupied real estate in the United States registered the largest quarterly increase in the last 21 years of data. From $33.8 trillion in the first quarter of 2021, real estate.

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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

Development

Housing Wire

SEPTEMBER 24, 2021

Ocrolus , a New York-based startup offering document processing automation for fintechs and banks, announced raising a $80 million Series C led by Fin VC, according to a press release. The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams.

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Fancy Pants Homes

SEPTEMBER 24, 2021

Rock and roll icon and three-time bestselling author Nikki Sixx has just unloaded his Westlake Village home. Sixx — best known as the co-founder, bassist, and primary songwriter of the band Mötley Crüe, which he started alongside drummer Tommy Lee — listed his home for sale in October 2020, asking $5,699,000 for the 5-bedroom spread. Now, we got word that his gorgeous home in Westlake Village, CA has found a new owner, closing for $5.180 million.

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Housing Wire

SEPTEMBER 24, 2021

Lisa Dunn, partner/owner at LAUREL Real Estate Resources. Continuing our new HW+ member spotlight series, we’re featuring Lisa Dunn, partner/owner at LAUREL Real Estate Resources. She specializes in r esidential real estate throughout Orange County, California, and is currently celebrating over 25 years as a top producing Realtor. Below, Dunn answers questions about the industry: HousingWire: To start off, what is your current favorite HW+ article?

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Better Dwelling

SEPTEMBER 24, 2021

Canada’s largest banks cut mortgage rates last week, and now they might need to reverse the cuts. Half of Canada’s “Big Six” banks cut the interest rate on their 5-year fixed rate mortgages at the end of last week. It might have seemed like a no-brainer back then, but a week is forever ago in […]. The post Canadian Mortgage Lenders Are Considering Reversing Rate Cuts Made Days Ago appeared first on Better Dwelling.

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Fixed-rate mortgage Mortgages Banks 106

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Industrial

Housing Wire

SEPTEMBER 24, 2021

Each year, HousingWire selects 50 of the most impactful and innovative technology leaders serving the housing economy. For the third year in a row, the Tech Trendsetters award program recognizes the people who drive innovation for their mortgage and real estate clients. Honorees include product and technology leaders from across the industry who have played an integral role in bringing innovative solutions to market for housing industry clients.

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Closing Technology Industrial Mortgages 372

The Mortgage Report

SEPTEMBER 24, 2021

Today’s mortgage and refinance rates Average mortgage rates rose significantly yesterday. It may have been a delayed reaction to the Federal Reserve’s events on Wednesday. But other factors might have […].

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Mortgages 105

Housing Wire

SEPTEMBER 24, 2021

The National Association of Realtors (NAR) announced the launch of the Residential Real Estate Council’s (RCC) Broker Solutions , a new resource available to its over 1.5 million members nationwide through the Realtor Benefits Program , on Tuesday. The program was developed in response to the NAR’s findings in its 2021 profile of real estate firms report , which was released just last week.

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Brownstoner

SEPTEMBER 24, 2021

Our picks for open houses to see this weekend are found in Bed Stuy, Bay Ridge and Marine Park. They range in price from $830,000 to $2.195 million. A late 19th century brownstone outside the Bed Stuy historic district serves up renovated kitchens and baths amid the original details. All the… Read More > The post A 1920s Bay Ridge Row House on an ‘Old English’ Terrace and Three More to See, Starting at $830K appeared first on Brownstoner.

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Brokerage

The Mortgage Report

SEPTEMBER 24, 2021

It may be possible to refinance without an appraisal, but only if you meet certain requirements. Learn about appraisal waivers and no-appraisal refinancing.

Mortgages 105

Mortgages 105

Toronto Realty Blog

SEPTEMBER 24, 2021

TorontoRealtyBlog. I suppose if you really wanted to be amused with the hilarious and often tragic happenings in my industry, you’d have simply read Monday and Wednesday’s blog posts and been done with it! But stories only tell part of the tale. A picture paints a thousand words, or in this case, a picture of the MLS listing paints a thousand-and-one.

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First Team Real Estate

SEPTEMBER 24, 2021

Our First Team Huntington Beach Seacliff Office has supported local charity, Robyne’s Nest , for over six years. Providing resources, funds, and support to the city’s at-risk and homeless high school students in the Huntington Beach High School District , Robyne’s Nest takes a hands-on approach to help young adults learn the skills the succeed. Left to right: Tim Branoff, Robyne Wood, Karen Branoff.

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RIS Media

SEPTEMBER 24, 2021

New-home sales increased for the second consecutive month, up 1.5% to a pace of 740,000. Year-over-year, sales are down for the third month in a row. Market breakdown: New-Home Sales: 740,000. For-Sale Inventory: 378,000. Months’ Supply: 6.1 months. Median Price: $390,900. What the industry is saying: “Sales of new homes registered below year-ago levels, for the third time in a row, but notched a second consecutive monthly gain, rising 1.5% to a pace of 740,000.

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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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First Team Real Estate

SEPTEMBER 24, 2021

From SoCal to Silicon Valley, California is home to many great cities. But which are the best of the best right now? This article breaks down the 12 best cities to live in California in 2021. There is a reason more people live in California than in any other state. From Silicon Valley to SoCal, wine country to the Hollywood Hills, bustling cities to beach towns, California has something for everyone.

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American Lifestyle

SEPTEMBER 24, 2021

The post From Arches to Zion: Utah’s National Park appeared first on American Lifestyle Magazine.

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RIS Media

SEPTEMBER 24, 2021

Just when you thought you had mastered marketing to millennials, it’s time to prepare for a new generation of homebuyers: Gen Z. According to realtor.com®’s fourth quarter generational propensity report, these tech-savvy adults now own about 2% of the homes on the market. So, what does this mean for real estate agents? Besides the obvious advice to jump on the TikTok bandwagon to get in front of these consumers, Generation Z’s desire to get out of big cities and into urban and

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Marco Santarelli

SEPTEMBER 24, 2021

Scottsdale is a suburb of Phoenix, sitting on the eastern side of Maricopa County. It is overshadowed by Phoenix, Arizona unless you’re a golf aficionado or watch baseball. Scottsdale is home to around a quarter-million people, making it one of the largest suburbs in the Phoenix metro area. The city is roughly a twenty-minute drive to the famous Phoenix Sky Harbor International Airport.

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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

Agents

RIS Media

SEPTEMBER 24, 2021

One of the best things to do before you start marketing your listing is ensuring you have great images. This can be really tough for homeowners and agents who are already overwhelmed with everything else that needs to happen when selling a home. With these simple tips, you can ensure your photos help generate interest and not scare people away. Declutter before the first photo is taken.

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Brownstoner

SEPTEMBER 24, 2021

The New York City Planning Commission voted nearly unanimously to approve the neighborhood-wide Gowanus rezoning on September 22, pushing the contentious development plan one step closer to reality. The 82-block land use change, headed by the Department of City Planning, is expected to bring at least 8,500 new apartments to the… Read More > The post City Planning Greenlights Controversial Gowanus Rezoning appeared first on Brownstoner.

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RIS Media

SEPTEMBER 24, 2021

Making a great first impression is critical in every agent’s game plan, but it can be trickier when trying to make a similar impression with a new listing. That’s where a well-crafted listing description comes in handy. When it comes to generating interest in a home you’re selling, the words used to describe that property could be the difference between attracting dozens of buyers versus very few.

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