Fri.Dec 03, 2021

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What Omicron, bond market and jobs mean for housing

Housing Wire

Today, the Bureau of Labor Statistics reported 210,000 jobs were created in November — a miss from estimates. They also reported 82,000 in positive revisions to the previous jobs report. The unemployment rate is currently at 4.2%. For men and women age 20 and over, it stands at 4.0%. Job reports can be wild, and we often have two to three reports per year that miss estimates badly.

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A Checklist for Selling Your House This Winter [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re planning to sell your house this winter, you’ll want it to look its best inside and out. Take the time and focus on tasks that make it inviting , show it’s cared for, and boost your curb appeal. Reach out to a real estate professional today so you can have an expert opinion on what to focus on, so it shows well and catches a buyer’s eye.

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Residential construction jobs slowly return

Housing Wire

Following a strong showing in October , a somewhat disappointing U.S. jobs report released Friday shows that 210,000 non-farm jobs were added in November, bringing the unemployment rate down to 4.2%. While this is a 0.4% decrease in unemployment, the rate is still above the 3.5% unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic.

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US Real Estate Enters A Bubble For The First Time Since 2007: US Federal Reserve

Better Dwelling

US real estate prices are looking frothy, according to central bank researchers. The US Federal Reserve (the Fed) recently updated its exuberance index for Q2 2021. The little-known index exists to identify housing bubbles early, to minimize damage. For the first time since 2007, that indicator is now warning that US real estate prices are […].

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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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HW+ Member Spotlight: Reina Ramos

Housing Wire

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why?

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Buying a Home in Your 50s? Here’s Everything You Need To Know

Realtor.com

Getty Images Once you hit the half-century mark, you’ve likely accumulated a passel of belongings, some decent savings, and, quite possibly, some hard-earned real estate wisdom. But when it comes to buying a new home in your 50s, the process is quite different from any other time in your life precisely because you’re at a midpoint—in homeownership.

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More Trending

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The negative impacts that have stemmed from severe social isolation

The American Genius for Real Estate

(EDITORIAL) Having social connections online is not enough to prevent true isolation. Meeting face-to-face is vital to living a fulfilling life. The post The negative impacts that have stemmed from severe social isolation appeared first on The American Genius Real Estate.

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Top Five Brokerage Deal Killers

Realty Biz

I was on a recent real estate M&A’s panel discussing the usual stuff like, how’s the market; what to look for in deals; what are the pricing multiples today , etc., when someone asked a refreshing question: “ What are the top deal killers ?”. Price and terms are usually the first thing out of someone’s mouth when it comes to talking about what stands in the way of completing M&A deals.

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Luxury Real Estate Headlines: First Week In December 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Dekalb, Illinois | Tanya Hamilton & Michele Miller, Jameson Sotheby’s International Realty. Illinois architect Harry Weese designed this Dekalb woodland hideaway, which has the ultimate 1970s design features – a huge conversation pit.

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Real Estate Agent: Friend or Foe?

Agent Drive

For most Americans, the simple process of selling or buying a home is stressful enough to want to postpone it or avoid it as much as possible. Having to pack up your whole life into boxes and move to a new state, city, or neighborhood puts so much stress on your family that you’re probably […]. The post Real Estate Agent: Friend or Foe? appeared first on AgentDrive.

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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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Fabulous Fortresses: 5 Castles for Sale To Live Out Your Fairy-Tale Dreams

Realtor.com

Realtor.com Once upon a time in a land not so far away, there were imaginative souls on American soil who dreamed of living in a home fit for a king or queen. In fact, there are a number of fanciful folks who’ve made that dream a reality—carefully creating palatial dwellings that look like something out of a storybook. Turrets? Check. Arches? Check.

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FHA, VA, conventional mortgages increase loan limits for 2022

The Mortgage Report

Rising home prices caused loan limits to increase. Find out what the new conforming and FHA loan limits are for mortgages in 2022.

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Designer’s Stylishly Renovated Cypress Hills Row House, a Social Media Star, Asks $899K

Brownstoner

Behind the classic early 20th century row house facade, this Cypress Hills two-family has a bit of contemporary design flair thanks to the owner. The DIY transformation of the lower duplex of 18 Kiely Place was documented by owner and interior designer Megan Pflug on her website and Instagram after… Read More > The post Designer’s Stylishly Renovated Cypress Hills Row House, a Social Media Star, Asks $899K appeared first on Brownstoner.

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Mortgage and refinance rates today, Dec. 3, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged modestly higher yesterday. It was another day on which key markets started out heading in one direction only to perform a […].

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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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‘Live Inside a Sculpture’: Iconic Steel House in Texas Is Listed for $1.75M

Realtor.com

Realtor.com Built from 110 tons of salvaged steel, the iconic home known as the “Steel House” on East Canyonview Dr in Ransom Canyon, TX , has new owners—who are also the sellers. Courtney and Blake Bartosh with Taylor Reid Realty bought the home a few months ago from the builder’s daughter, and quickly put it back on the market for $1.75 million. “We purchased it with every intention of turning it into an Airbnb or VRBO.

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Beran Group of First Team Real Estate Represents Buyer and Seller of $6.5 Million Oceanside Vacation Rental

First Team Real Estate

OCEANSIDE, CA – Closing sale at $6,500,000, the Beran Group represented both the home buyer and seller of 1213 S Pacific St in Oceanside , a luxurious oceanfront vacation rental property. An integral part of the local community specializing in the coastal Oceanside and Carlsbad real estate markets for over 40 years, the Beran Group includes top-producer John Beran , Sharon Whittlesey , and Lindsay Himmel.

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Milli et Jaime Children’s Boutique – Tequesta and Stuart

Waterfront Properties

Milli et Jaime is the most adorable children’s boutique featuring clothing, toys, and gifts. The darling shop is located at 378 A Tequesta Drive in Tequesta. The amazing boutique offers outstanding high-quality European-inspired clothing and gifts. The items range from newborn to size ten. The Milli et Jaime is welcoming to all, including new mothers.

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Where is the House from Firefly Lane? Tracking Down Kate’s Waterfront Mansion and Tully’s Posh Penthouse

Fancy Pants Homes

Fans of Netflix’s Firefly Lane get more than just BFF drama and ’80s fashion flashbacks. The popular series — which tells the story of two inseparable friends and their enduring four-decade bond — also offers some swanky real estate views and interior décor goals. Here’s a look at the multi-million dollar properties that serve as backdrop to the TV friendship of Kate Mularkey (Sarah Chalke) and Tully Hart (Katherine Heigl).

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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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Southeast Florida Sunrise Yoga

Waterfront Properties

Yoga at sunrise is a wonderful way to bring out your inner Zen. It is almost impossible to relax with soothing views of a Southeast Florida sunrise, yoga, and the sounds of the ocean. Sunrise Beach Yoga, in Delray Beach, was created to bring together a group of like-minded individuals who love yoga, the beach, and the sunrise. Prior yoga experience is not required, and all levels are welcome and encouraged to attend.

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Relax in Style on the Porch of This Cheery Peekskill Queen Anne, Yours for $550K

Brownstoner

In one of Peekskill's two downtown historic districts, this bright Queen Anne sits in a residential neighborhood filled with 19th century architecture and adjacent to the city's commercial center. With a fetching two-story hexagonal porch and a bright paint job, it has more than a bit of curb appeal and… Read More > The post Relax in Style on the Porch of This Cheery Peekskill Queen Anne, Yours for $550K appeared first on Brownstoner.

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Rent vs. Buy Calculator: The Devil’s In The Details!

Toronto Realty Blog

TorontoRealtyBlog. Did you read this article in the Globe & Mail last month? “ My Friends All Want To Buy Homes. Should I Stretch To Do The Same – Or Keep Renting ?” It’s a good question and one that is going to become more common as our city moves forward and prices continue to climb. The problem is: folks like me believe that if you’re not on the property ladder, it’s going to make it exceptionally difficult to ever own property in the city.

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Feast Your Eyes: 5 Enchanting Dining Room Looks From Instagram for Your Next Holiday Party

Realtor.com

Photos via Instagram by mowerymarsharchitects / therubyorchard / altbau.zweiundzwanzig The holidays mean something a little different for everyone. For many, it’s a time of celebration and a chance to bond with the family you were born into, or the family you chose. And if you’re like us, most of this familial connecting takes place over long meals in the dining room.

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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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Investors slap Zillow with lawsuits over iBuying failure

Realty Biz

In the wake of its decision to shut down its iBuying business, Zillow has been slapped with multiple lawsuits alleging that it illegally misled investors as to the health of that business. “The strength and the appeal of Zillow Offers just continues to grow,” said Zillow Chief Operating Officer Jeremy Wacksman at a September conference held by the investment banker Piper Sandler.

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Toronto Real Estate Prices Soared $44,000 Higher Last Month As Growth Goes Parabolic

Better Dwelling

Greater Toronto real estate prices are moving at one of the fastest rates in history. Toronto Regional Real Estate Board (TRREB) data shows home prices hit a new record in November. The result was home prices soared by tens of thousands, printing a fifth of annual gains in just 30 days. Excess demand, driven by […]. The post Toronto Real Estate Prices Soared $44,000 Higher Last Month As Growth Goes Parabolic appeared first on Better Dwelling.

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The Property Brothers Design Something Entirely New You May Want in Your Home, Too

Realtor.com

HGTV Drew and Jonathan Scott have renovated hundreds of homes, so it’s rare for them to build a feature they’ve never done before. Yet on the latest “Property Brothers: Forever Home,” they unveil a new first—and it’s for a very good cause. In the Season 6 episode “Building on the Memories,” Drew and Jonathan meet Renee and her 12-year-old, Audrey.

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Job Gains Decelerate in November

Eye on Housing

While job gains decelerated in November, the unemployment rate dropped to 4.2% and the labor force participation rate increased to 61.8%, the highest reading since March 2020. The increase in the labor force participation rate indicates that more people are returning to the labor force, a necessary requirement for additional hiring. Construction industry employment (both residential and non-residential) totaled 7.5.

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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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How to get National Homebuyers Fund grants and loans

The Mortgage Report

The National Homebuyers Fund can help cover down payment and closing costs up to 5% of the loan amount. Here's how apply and qualify for aid.

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Daily Links: Master Plan for Future of City Streets Released

Brownstoner

In the News Citi Bike Struggles to Keep Up With New Yorkers’ Love of Cycling [NYT] NYC Releases Master Plan for Future of City Streets [Eagle] Rogue Anti-Vax Ad Pops Up at Crown Heights Bus Stop [amNY] Building Dept. Heads Sought to Rid Agency of Black People: Lawyer [Patch] Bushwick Residents Overwhelmed by Rampant Trash… Read More > The post Daily Links: Master Plan for Future of City Streets Released appeared first on Brownstoner.

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Should you use a cash-out refinance to pay off a HELOC or home equity loan?

The Mortgage Report

Should you attempt a cash-out refinance to pay off HELOC mortgages or home equity loans? Sometimes, you should. Here's how to make the decision.

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ERA® REAL ESTATE EXPANDS CENTRAL WASHINGTON PRESENCE WITH AFFILIATION OF SKYVIEW REALTY

Realty Biz

ERA ® Real Estate , a global franchising leader within the Realogy family of brands, today announced the affiliation of ERA Skyview Realty. The company is based in Richland, Wash., and serves the Tri-Cities region along the Columbia River bounded by Richland, Kennewick, Pasco, West Richland, and Benton City. . Broker/owner Arielle Hays began her second career in real estate in 2018, following a highly successful management career in retail and as a small business owner.

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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.