Eye on Housing
DECEMBER 22, 2022
In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. Another 18.5 percent were built on an infill lot in an older neighborhood. The BPS places new homes.
Housing Wire
DECEMBER 22, 2022
Powerful House Financial Services Committee Chairwoman Maxine Waters wants regulators to closely scrutinize the proposed $13 billion purchase of Black Knight by Intercontinental Exchange (ICE). In a letter sent to the Federal Trade Commission (FTC) this week, the California Democrat raised concerns about the merger, which would make ICE the largest mortgage services company in the housing ecosystem. “In particular, I am concerned about the negative outcomes that may be passed on to consume
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Keeping Current Matters
DECEMBER 22, 2022
There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy.
Housing Wire
DECEMBER 22, 2022
Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Spoiler alert: don’t expect much, if any, relief for borrowers in the short term. It’s true that after doubling over the course of a year, the 30-year fixed mortgage rate is trending downward at the close of 2022.
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NAR: Economic Outlook
DECEMBER 22, 2022
Instant Reaction: Mortgage Rates, December 22, 2022. The 30-year fixed mortgage rate decreased to 6.27% from 7.08% six weeks ago, making homeownership 10% more affordable than it was six weeks ago. By: . Nadia Evangelou. Mortgage Financing.
Housing Wire
DECEMBER 22, 2022
Prepayment activity is expected to face seasonal headwinds into early 2023 after hitting another record low in November. . “Record low refinance activity and lackluster home sale volume driven by still historically tight home affordability” was the result of prepayment dropping 15.6% to a single-month mortality rate of 0.40%. This was below the previous record of 0.48%, Andy Walden, VP of enterprise research and strategy at Black Knight , said. .
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
DECEMBER 22, 2022
Houston, Texas-based title firm Stewart , the smallest of the Big Four title insurance companies, has come under fire from New York Attorney General Letitia James for business practices that “hurt worker and limit their earning potential,” according to an announcement on Thursday. An investigation by James’s office found that Stewart has entered into illegal no-poaching agreements with several of its competitors, thwarting labor competition.
Real Trends
DECEMBER 22, 2022
Standing in one of her most luxurious home listings, Jade Mills says in a video on her website, “There is no difference in selling a $5 million house or a $25 million house. You always want to do the best job for your clients.”. Mills, a luxury real estate agent in the Beverly Hills market and Coldwell Banker Global Luxury ambassador, ranked No. 38 in the Realtrends + Tom Ferry The Thousand individuals by sales volume category in 2022.
The American Genius for Real Estate
DECEMBER 22, 2022
Digital hoarding is making your home and work life harder. Do you really need to save every email ever sent?
The Close
DECEMBER 22, 2022
Being a real estate agent isn’t just a job—it’s a business. And to achieve the level of success most agents dream about, you need to treat your real estate business like a business. That means you’ll have to master the art of setting measurable real estate agent goals. You’ll also need to develop the type of habits that will bring your goals into reality.
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.
HomeLight
DECEMBER 22, 2022
DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not financial advice. If you need assistance navigating the question, “Should I buy a house now or wait?” HomeLight always encourages you to reach out to your own advisor. To buy or wait to buy? That is the question on many homebuyers’ minds in this fluctuating market.
Bigger Pockets
DECEMBER 22, 2022
Don’t know how to become a millionaire? There’s a pretty simple formula for seven-figure wealth that the average American doesn’t know about. It isn’t complicated, but it does take a […].
HomeLight
DECEMBER 22, 2022
The real estate industry landscape has changed dramatically in the last few years, with lots of hills and valleys to navigate. In order to successfully traverse the potentially tough terrain of 2023 given the heavy decrease in buyer activity, certain things need to be included in your plan. If you’re like most agents, you’ve already begun to strategize for the upcoming year.
Bigger Pockets
DECEMBER 22, 2022
This article is presented by Kay Properties & Investments. Read our editorial guidelines for more information. It doesn’t seem that long ago when the winds surrounding the commercial real estate industry were […].
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Brownstoner
DECEMBER 22, 2022
Got a project to propose for The Insider? Contact Cara at caramia447 [at] gmail [dot] com Not long after Peter Dolkas, an interior designer originally from the Bay Area, came to New York with "not much of anything except dishes," he put down local roots in a five-story 1890s apartment building… Read More > The post The Insider: Young Designer Uses His Brooklyn Heights Apartment as a Laboratory for Ideas appeared first on Brownstoner.
BubbleInfo
DECEMBER 22, 2022
As you may know, there are multiple lawsuits pending that accuse realtors of price fixing, and it ain’t looking good for us. Here is evidence provided in court – thanks Rob: The Franchisor Defendants provided training to brokers which directed them to offer a 6% commission rate, to be split equally among the Seller-Broker and […].
Brownstoner
DECEMBER 22, 2022
In a Ditmas Park co-op building, this one-bedroom rental has the generous foyer, arched openings and closet space expected from its 1940 construction date. It is on the top floor of the six-story 385 East 18th Street which was designed by architect Oscar I. Silverstone and completed by the summer of… Read More > The post Ditmas Park One-Bedroom With Wood Floors, Renovated Kitchen Asks $2,450 a Month appeared first on Brownstoner.
Real Trends
DECEMBER 22, 2022
Top-producing agent and team leader Cindy Cole is joining Corcoran Group franchise affiliate Corcoran Reverie , according to an announcement on Thursday. Based in Destin, Florida, Cole and her team (Cindy Cole Fine Homes) ranked at No. 38 in Florida in the 2022 RealTrends America’s Best rankings after recording $135.98 million in sales volume in 2021.
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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.
Brownstoner
DECEMBER 22, 2022
In the News Frank James to Plead Guilty to Terror Counts in Brooklyn Subway Shooting [NYT] NYC Moves to Let Giant Lithium Ion Batteries Be Installed on Rooftops [NYP] Brooklyn Bridge Park Completes $115 Million Pier Preservation Project [Eagle] ‘Worst Landlord Watchlist’ Includes Nearly 300 Brooklyn Buildings [BP] What to Do on New Year’s Eve… Read More > The post Daily Links: ‘Burg Residents Fear for Safety With Planned Rooftop Storage of Lithium Ion Batteries appeared first on
Realty Biz
DECEMBER 22, 2022
65% of American citizens aged under 35 rent properties. Apartment rentals are much more common nowadays, as many people can't afford a mortgage to buy their own homes. There are some cities in America where rent is currently skyrocketing, and you should look out for these places if you're considering renting. Some rentals are very affordable. However, others are currently skyrocketing in price.
Tom Ferry
DECEMBER 22, 2022
What would it take to completely change your life in 2023? Don’t say, “making more money.” And don’t say, “to get some help.” Let’s be a little more specific than that. Two weeks ago, we talked about figuring out what you really want out of life. If you took the time to write it down, […]. The post The Early 2023 Growth Checklist for Real Estate Agents appeared first on Tom Ferry.
Realty Biz
DECEMBER 22, 2022
The sizzling hot Northeast Florida housing we witnessed last year is a thing of the past. You all know the story. The economic slowdown, the recession that never should have been, and interest rates hiked to try and balance the teetering economy. Buying or selling in the coming months will become a pain without the best professionals out there on your side.
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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.
Bigger Pockets
DECEMBER 22, 2022
There are few things more critical to a real estate investor than home prices, mortgage rates, and rent. Thankfully, those are three subjects that Redfin decided to tackle in their […].
Realtor.com
DECEMBER 22, 2022
Realtor.com ‘Tis the perfect holiday season to celebrate the beloved gingerbread house style. The unique design has been around since the 1800s, when it was introduced to add a bit more verve to the traditional Victorian. In the 1900s, the “gingerbread” moniker gained fame and has since become a delightful, stand-alone style. With lacy trim gables, classic Victorian charm, decorative woodworking, and candy colors, these five gingerbread houses look like they could be straight o
Point2Homes
DECEMBER 22, 2022
Home Decor Gifts for the Holidays - Point2 News. Many people spend extra time at home during the holidays , gathering with family, hosting parties or just relaxing. Our homes are where we can express ourselves through decor and be surrounded by the things we love. That’s why home decor gifts are an excellent option for offering something both practical and beautiful.
Better Dwelling
DECEMBER 22, 2022
Canada’s vast choice of unfilled jobs is quickly disappearing as the economy begins to tighten. Statistics Canada (Stat Can) data shows the number of job vacancies made a sharp decline in October 2022. That’s good news for moderating inflation as economic slack is absorbed, but also indicates we’re past peak growth and heading towards recession. […].
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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.
Realtor.com
DECEMBER 22, 2022
GETTY IMAGES The numbers: Mortgage rates continued to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.27% as of December 22, according to data released by Freddie Mac on Thursday. That’s down 4 basis points from the previous week—one basis point is equal to one-hundredth of a percentage point.
Sotheby's International Real Estate
DECEMBER 22, 2022
No matter how you celebrate the season, decorating makes the winter unlike any other time of year. Festive decor welcomes loved ones, as friends and families gather together. Here are some ideas about how this year’s leading holiday trends can be thoughtfully integrated throughout the home. Foyer: Add Color to Wintery White with Candy Cane Red. Tiffany Fraenkel-Burrus – Cardis Immobilier Sotheby’s International Realty.
Realtor.com
DECEMBER 22, 2022
Getty Images Plenty of us are looking to cut costs these days. The problem: Home upgrades that seem like wallet-friendly DIY projects often turn into money pits that require professional intervention. Take painting your home, for example: At face value, it seems like a great plan. Experts say painting a room yourself costs about half of what hiring a pro will set you back—that is, unless you screw it up.
RISMedia
DECEMBER 22, 2022
By Kara Masterson So, you're thinking of buying a house? Congratulations! This is a huge milestone in your life. But before you start touring homes and picking out paint colors, there are a few things you need to take care of first. Here are four things you might not realize you need when buying a […]. The post 4 Things You Might Not Realize You Need When Buying a Home appeared first on RISMedia's Housecall.
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