Wed.Oct 13, 2021

Goldman Sachs: Home prices will rise another 16% in ’22

Housing Wire

Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022.

The Big Question: Should You Renovate or Move?

Keeping Current Matters

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following: 70% of respondents want more outdoor living space.

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Most single women households say homeownership out of reach

Housing Wire

After the workplace disruptions of the past two years, most single women heads of household now think homeownership is not for them.

Consumer Prices Rise in September

Eyes on Housing

Inflation accelerated in September, as prices for food and shelter showed notable gains. Federal Reserve officials described the current inflation run as “transitory”, and attributed recent increases largely to supply-chain constraints and a surge in consumer demand as the economy reopened.

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Homebuyers brush off higher mortgage rates

Housing Wire

Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association , which said applications overall increased just 0.2%

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Out-of-state buyers take on local renters in Manchester, NH

Housing Wire

Manchester, New Hampshire, the state’s biggest city and economic hub, seldom makes national headlines. The Granite State itself typically only garners nationwide attention every four years when it kicks off the presidential nomination process with its early March primary.

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Keller Mortgage lays off 150 new employees following hiring spree

Inman

After nearly doubling the company's payroll to 1,000 employees, Keller Williams' lending arm has laid off 150 new recruits, close to one-third of its recent hires. Exclusive Industry News Mortgage Keller Covered Keller Mortgage Keller Offers Keller Williams Realty Keller Williams Worldwide KWx

Rohit Chopra shakes up leadership at CFPB

Housing Wire

Barely a day after Rohit Chopra took office as director of the Consumer Financial Protection Bureau (CFPB), the agency announced a leadership shakeup.

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Inman

Homesnap's new portal will launch across NYC in 2022. It's the latest development in a simmering search portal war between CoStar and Zillow.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

Interfirst Mortgage raises $175 million

Housing Wire

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday.

Largest MLS relaunches ‘submit offer’ tool after broker pushback

Inman

California Regional MLS disabled Glide Offers integration with listing pages after Compass's acquisition of the platform in April, but has now re-enabled it with the choice to opt out. MLS & Associations Select California Regional MLS compass crmls glide offer management offer tool submit offer

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JPMorgan Chase reports jump in mortgage profits in Q3

Housing Wire

JPMorgan Chase originated $46.1 billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday.

Frenzy Volume

BubbleInfo

Rob Dawg suggested that the total volume of the frenzy must be remarkable. Both sales and pricing are higher, and the higher-end markets have never had it so good.

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Closing costs are up, but there’s a catch

Housing Wire

The average closing costs for a single-family home increased 12.3% during the first six months of 2021, according to a report published this week by analytics vendor ClosingCorp. And significantly higher home prices were the culprit. According to ClosingCorp, the average closing costs nationally came in at $6,837 including taxes and $3,836 excluding taxes. The report also found that refi closing costs increased by 4.87% to $2,398 from the reported 2020 average of $2,287.

Bay Area Exodus

BubbleInfo

The San Diego housing market is a popular choice for those who are leaving the Bay Area (population of 6,404,512 in the five counties).

Build Back Better Bill: What’s In It for Real Estate?

RIS Media

As two enormous spending bills percolate in Congress, stalled by political maneuvering, intra-party disputes or partisan non-cooperation, there is very little certainty about the future of the legislation—whether it will pass at all, or what provisions will survive ongoing negotiations.

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Are you Googleable? 5 simple steps to upgrade your online presence

Inman

These days, agents have to win clients over from the first moment they type "real estate" into their search bar. How can you build trust with prospects online? Here are a few tips to help ensure that when your ideal clients search for a real estate agent, they'll find you.

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4 Spook-Tacular Social Media Posts to BOO-st Engagement

RIS Media

Halloween is right around the corner, and there’s no better time than now to incorporate this spooky holiday into your social media marketing strategy.

Sales 81

Fish Feeding at Loxahatchee River Center in Jupiter

Waterfront Properties

Join the Loxahatchee River Center of Jupiter every Saturday from 2pm for a free public tour of the aquariums.

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A Global Swiss Bank Named Toronto The 2nd Biggest Real Estate Bubble In The World

Better Dwelling

Hong Kong, New York City, and Paris? They have nothing on Canada’s biggest real estate bubbles. UBS released its annual Global Real Estate Bubble Index today. Two Canadian cities managed to rank near the top of the charts — Toronto and Vancouver.

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Renovating A House Checklist: Where to Start

Redfin

Home renovations provide homeowners with the opportunity to take their house and turn it into a home they’ve always dreamed of – all while increasing the home value. And, with the change of seasons, maybe you’ve decided it’s time for something new.

Divvy Homes brings in $735M debt financing just months after Series D

Inman

The news follows Divvy's $200 million Series D and will allow it to serve more Americans on their path to homeownership through a rent-to-own program.

Mortgage Applications Relatively Flat

RIS Media

Mortgage applications increased 0.2% for the week ending Oct. 8, 2021. According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, the Market Composite Index, a measure of mortgage loan application volume, increased 0.2%

3 secrets for perfecting your personal brand

Inman

Effective personal branding showcases your skills and experiences and helps you stand out from the competition and build trust with clients. Agents need to embrace personal branding and control their online presence now more than ever. Here are three secrets to nailing your brand.

Top 10 Coldwell Banker Stories of the Month – September 2021

Coldwell Banker

Extra, extra! Read the top 10 news items that ran in September about Coldwell Banker and its stellar agents. This is just a sampling of the 1,000+ mentions that occur every month. The post Top 10 Coldwell Banker Stories of the Month – September 2021 appeared first on Coldwell Banker Blue Matter.

MoxiWorks beefs up CRM with new communication tools

Inman

Dialer & Messenger will function as a part of MoxiWorks CRM, and will allow agents to automate various parts of their communications.

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How to Flip a House: 7 Things to Consider Before You Get Started

Point2Homes

Image: Zivica Kerkez / Shutterstock.com. TV shows make house flipping look like a sure-fire way to make a lump of easy cash. However, the reality is often quite different, and there are several things worth considering before getting started.

10 time-management rules elite real estate teams swear by

Inman

Why do some agents break the mold and achieve superstar status with ease while others struggle?

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12% of home sales fall through due to low appraisals

Realty Biz

As competition for limited housing inventory intensifies, buyers are bidding up home prices. But many have found that the tactic of making an aggressive bid to beat out other offers backfires, as the appraised value of the home falls well below the agreed price.