Housing Wire
JULY 29, 2021
The following Q&A comes from the HW+ exclusive Slack channel, where HousingWire’s Lead Analyst Logan Mohtashami answered questions on what to make of the latest housing data, his forecast for the rest of this year, and whether or not the housing market is returning to normal. He also addresses how he foresees the Delta variant impacting the housing market.
Keeping Current Matters
JULY 29, 2021
Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018 through 2019… The share of VA-guaranteed loans has also decreased to 7% in May 2021 from about 10% in past years.”.
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Housing Wire
JULY 29, 2021
Following a robust May, pending home sales declined in June. Though the desire for buyers to purchase a new home remains strong, skyrocketing prices are putting the dream out of reach for some buyers, economists in the housing industry said. The overall pending home sales index fell 1.9% to 112.8 in June, according to the National Association of Realtors , which tracks the metric.
Lighter Side of Real Estate
JULY 29, 2021
When you buy a home, you want to make sure you’re ready and prepared. And the best way to do that? Asking yourself the right questions. A recent video from realtor.com outlined key questions potential buyers should consider before purchasing a home, including: Will I qualify for a mortgage? The last thing you want is to find your dream home—only to find out you don’t qualify for the mortgage you need to buy that home.
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
Housing Wire
JULY 29, 2021
An op-ed I wrote that appeared recently in HousingWire on the nature of nonbank mortgage company risks and Ginnie Mae ’s proposal to impose risk-based capital and liquidity requirements on their issuers highlighted nonbank lighter safety and soundness regulation as a concern for generally higher risk profiles of these firms relative to depositories. .
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 29, 2021
The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. According to Sam Khater, chief economist at Freddie Mac, while there is some uncertainty about the Covid-19 Delta variant, the housing market is still enjoying record low rates.
Better Dwelling
JULY 29, 2021
Canadian mortgage rates are so low, how could you not buy a little more house? The rate of interest for a mortgage in Canada recently fell below the rate of inflation. This rarely happens, and the last time real mortgage rates were this negative was over 40 years ago. That was in the middle of […]. The post Free Money? Canadian Mortgage Interest Is Now Less Than The Rate of Inflation appeared first on Better Dwelling.
Housing Wire
JULY 29, 2021
The high loan volumes in the last 12 months have left some borrowers and servicers facing issues related to real estate taxes. HousingWire recently spoke with LERETA CEO John Walsh about why these tax lien problems exist, what role technology plays, and why tax services need business continuity plans. HousingWire: Complaints about tax issues are a perennial headache for servicers and lately we’ve been hearing that this is getting worse, not better.
Lighter Side of Real Estate
JULY 29, 2021
Being a homebuyer in 2021 isn’t easy. You’ve gotta be quick on the draw and ready, willing, and able to make an offer the seller can’t refuse. Yet they often do refuse an otherwise incredible offer, because another buyer upped the ante just that much more! There’s only so much money you can offer, and only so many contingencies you can waive. So, what’re you to do if you want to stand out from the crowd and get your offer noticed?
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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.
Housing Wire
JULY 29, 2021
Earlier this month, Ginnie Mae proposed significant increases in financial requirements for independent mortgage bank issuers and a new bank-like risk-based capital requirement. The Community Home Lenders Association (CHLA) acknowledges that Ginnie Mae has a responsibility to monitor the risk of its issuers. But, as the only national organization exclusively representing IMBs, CHLA is concerned that these changes could reduce access to mortgage credit, disproportionately affect smaller issuers,
Point2Homes
JULY 29, 2021
Image: Friends Stock / Shutterstock.com. As you plan to purchase your first home, you might find that there are a few stressful aspects of the homebuying process that can make or break your purchase: One is when you first apply for a mortgage and another is when you close on a house. However, following some simple guidance from your real estate team — including your real estate agent and mortgage lender — will help ensure a smooth transaction.
Housing Wire
JULY 29, 2021
What a difference a year makes. Residential real estate brokerage conglomerate Realogy reported a net income of $149 million on its quarterly earnings call Thursday. The New Jersey-based company tallied $2.3 billion in gross revenue for the months of April, May, and June, and $903 million in revenue when agents’ cut of their commissions are subtracted.
Sotheby's International Real Estate
JULY 29, 2021
Auckland, New Zealand | Pene Milne, New Zealand Sotheby’s International Realty. A home is much more than a place to rest your head at night—it’s a personal sanctuary and the starting point for everyday living. With the hustle and bustle of modern life, it’s no wonder nature-inspired décor is appearing in luxury homes across the country. This approach to interiors mimics the hues, textures, and materials of the outdoors, and helps to recreate the feeling of peace often inspired by a walk i
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.
Housing Wire
JULY 29, 2021
Texas-based Realtor Jordan Schilleci with her clients at Chicago Title for closing. While selling homes as a real estate agent in Spring, Texas, which is located in the Houston metro area, Jordan Schilleci felt something was missing — a place for people to gather and spend time together, like a recreation or community center. Such a place could be popular, especially following the lockdowns seen throughout the state as a result of the COVID-19 pandemic, Rather than wait for someone else to take
Eye on Housing
JULY 29, 2021
Thanks to a surge in residential investment during 2020, housing’s share of GDP remains elevated compared to recent years. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory. Housing will continue to expand in 2021, although as the rest of the economy recovers, the.
Housing Wire
JULY 29, 2021
After spending a decade building a proprietary technology and productivity platform, United Real Estate Group is seeing its growth explode, according to Q2 2021 earnings report. Is technology finally providing the key to success? In the past, when brokers thought about low-fee brokerage firms, they thought of low service. But, there’s a new breed of low-fee brokerage (not to be confused with a discount brokerage which offers a low commission to buyers and sellers), that is a hybrid between
Afford Anything
JULY 29, 2021
Have you ever thought about how an economist views financial planning? Would you guess that it’s vastly different from how some financial planners approach this work? Today’s guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world’s 25 most influential economists in 2014.
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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.
Homes.com
JULY 29, 2021
Repairs can boost home salability, but not all are worth the time or expense. What are the most important repairs sellers should make? Analyst Steve Cook explores. The post The Most Important Repairs Sellers Should Make for Buyers appeared first on Homes.com.
The American Genius for Real Estate
JULY 29, 2021
(TECHNOLOGY) It seems like such a small detail, but for a client desperate to know where the sun and shadows are for energy efficiency, gardening, or what have you, Shadowmap is your tool for an immediate answer. The post Shadowmap shows where the sun and shadows are at any property, any time appeared first on The American Genius Real Estate.
App Folio
JULY 29, 2021
Ease-of-use, convenience, personalization… the things you remember and value when it comes to customer experiences are the same things your.
RIS Media
JULY 29, 2021
Are real estate investors creating excessive competition amid the inventory shortage? According to a new report from realtor.com®, some markets are being hit hard by investor activities, while others are benefitting. According to the data, investors are worsening the inventory shortage in 31 of the top 50 U.S. markets. In about 19 markets, however—including Atlanta, Dallas, Baltimore, Los Angeles and San Francisco—they are actually helping to replenish the number of homes for sale. “Today&
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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.
Realtor.com
JULY 29, 2021
The delta variant has the potential to upend the hot housing market—or it may be no more than a blip on this roller-coaster ride. The post How the Delta Variant Is Already Affecting the Hot Housing Market appeared first on Real Estate News & Insights | realtor.com®.
Realty Biz
JULY 29, 2021
New home sales have fallen to their lowest level since the early days of the COVID-19 pandemic, suggesting that the housing boom could be coming to an end. Data from the U.S. Census Bureau released Monday shows that new single-family home sales in June fell to a seasonally-adjusted rate of 676,000 units, down 6.6% from May’s rate of 624,000 new home sales.
Better Dwelling
JULY 29, 2021
Never has it been so obvious that government data on housing costs don’t reflect the cost of buying. Home prices are on a tear, and while CPI’s shelter component is high, it’s miles away from soaring home costs. That’s because of the way it’s measured, says BMO chief economist Douglas Porter. Here’s his breakdown on […].
The Mortgage Report
JULY 29, 2021
Today’s mortgage and refinance rates Average mortgage rates inched higher yesterday. But such a tiny rise is likely to make little material difference to your monthly payment or closing costs. […].
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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.
RIS Media
JULY 29, 2021
Company reports record-setting results, including a 567% YTD increase in agent commissions earned. United Real Estate Group announced today better-than-guidance performance for all key financial and operational performance indicators across each of its business units through June 30, 2021. In addition, the company successfully completed the post-merger operational integration and initial Bullseye Agent and Brokerage Productivity Platform technology rollout to recently merged companies, resulting
Eye on Housing
JULY 29, 2021
In the second quarter of 2021, real GDP surged and returned its pre-pandemic level as the economy continued to reopen. This quarter’s growth reflected strong gains for consumer and state and local government spending. However, the second quarter gain did come in below consensus estimates. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross.
RIS Media
JULY 29, 2021
Landlords looking to evict tenants who are behind on their rent will need to give them a month to move out if their property is backed by Freddie Mac or Fannie Mae mortgages, according to new rules implemented by the Federal Housing Finance Agency (FHFA) on July 28. The breakdown: – The Centers for Disease Control and Prevention (CDC) eviction moratorium expires on July 31, 2021. – The FHFA’s 30-day requirement applies to all Fannie and Freddie multifamily properties, regardles
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