Housing Wire

JANUARY 19, 2022

Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9% from the previous week, while the Refinance Index decreased 3.1% in the same period. Compared to the same week one year ago, mortgage apps overall dropped 37.3%, with a sharp decline in refinance (-49.2%) compared to purchase (-12.2%).

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Loans Mortgages VA loan Fixed-rate mortgage 403

Keeping Current Matters

JANUARY 19, 2022

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%.

Mortgages 314

Mortgages Marketing 314

Housing Wire

JANUARY 19, 2022

Today, the U.S. Census Bureau reported that housing starts came in as a beat at 1.702 million for December. The more critical number of housing permits came in too strong at 1.873 million. You always want to be skeptical of any housing starts data that comes in too strong or too negative from the trend, and we had some specific factors in this report that boosted multifamily construction.

Construction 485

Construction Sales As-is Mortgages 485

Sotheby's International Real Estate

JANUARY 19, 2022

This iconic residential complex is located on the river Dniper in Kyiv, Ukraine. ?. Kiev, Ukraine | Oksana Zinchenko & Svitlana Tereshchenko, Ukraine Sotheby’s International Realty. The long waterfront line provides ample space for a big vessel, and the location on the river offers the best in water sports facilities. The main building has a spacious hall opening to the river with space for indoor and outdoor events.

Residential 137

Residential 137

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

JANUARY 19, 2022

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents. FinCEN’s proposed regulation, outlined in an “advanced notice of proposed rulemaking” published in the Federal Register , seeks to create general recordkeeping and reporting mandates — n

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Agents Title Residential Finance 451

Housing Wire

JANUARY 19, 2022

After posting a double digit gain in November , housing starts were up yet again in December, rising 1.4% month over month to a seasonally adjusted annual rate of 1.70 million according to a report released Wednesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest level housing starts have reached in the past nine months.

Construction 451

Construction New Construction Development Mortgages 451

Better Dwelling

JANUARY 19, 2022

Canadians are hoarding mortgage debt like it’s toilet paper and a pandemic just broke out. Bank of Canada (BoC) data shows seasonally adjusted mortgage credit hit a new high in November. That statement may not be as impactful as it used to be — it has printed a record high for more than 250 consecutive […]. The post Canadian Mortgage Debt Has Hit A New All-Time High For 261 Consecutive Months appeared first on Better Dwelling.

Mortgages 130

Mortgages Banks 130

Housing Wire

JANUARY 19, 2022

Better.com CEO Vishal Garg. Vishal Garg, the CEO of Better.com, is making a comeback, just one month after being forced to take administrative leave for axing 900 staffers in a webinar and then telling remaining staffers they were lazy thieves. According to an internal email sent by the company’s board of directors to employees and viewed by HousingWire , after Garg took the time to “reflect on his leadership duties [and] reconnect with the values that make Better great” the board has decided th

Mortgages 403

Mortgages Closing As-is Banks 403

Eye on Housing

JANUARY 19, 2022

Home building ended 2021 with strong annual gains as demand accelerated in the wake of the pandemic. These annual gains were realized despite supply-chain limitations for materials and ongoing access issues for labor and lots. Single-family starts ended 2021 with a 13.4% increase for a total of 1.123 million starts. Multifamily 5+ unit construction ended the year with a 22.1%.

Construction 126

Construction 126

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Development

Housing Wire

JANUARY 19, 2022

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars. It can wreak havoc on your profits and negatively affect your vacancy rate especially if it happens frequently.

Property Management 403

Property Management Commercial Inspection As-is 403

Brownstoner

JANUARY 19, 2022

Roll the credits! The Court Street Regal Cinema has permanently closed after more than two decades, leaving nostalgic Brooklynites devastated at the loss of the quasi-historic movie house. Former Brooklyn Paper scribe Ben Verde, who described himself simply as a “devastated moviegoer,” shared on social media that he would “physically… Read More > The post Brooklyn Heights Movie Theater Court Street Regal Cinema Shutters appeared first on Brownstoner.

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Closing 122

Lighter Side of Real Estate

JANUARY 19, 2022

At some point in their career, almost every agent either considers joining a team, or is asked to join one. It’s not the right move for every agent, but it can be a great decision for you, for a number of reasons. Perhaps it makes sense because you want to focus on only one thing you like and are good at, like showing houses, and don’t want to deal with sellers.

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Branding Agents As-is Marketing 118

Realty Biz

JANUARY 19, 2022

Ubiquitous Energy is making headlines after raising a substantial amount of cash that it will use to transform skyscraper windows into electricity generators. The company has just closed on $30 million worth of funding from the consumer window and door manufacturer Andersen Corp., bringing its total amount raised to date to $70 million. Ubiquitous Energy has created a transparent coating for windows that works similarly to solar panels, transforming the sunlight that hits the glass into solar po

Technology 117

Technology Residential Development As-is 117

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

The Mortgage Report

JANUARY 19, 2022

Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. Just over a year ago, these rates hit their all-time low: 2.65%. But now they’re mostly closer to 4% […].

Mortgages 116

Mortgages 116

Brownstoner

JANUARY 19, 2022

In the News Here’s Where Subway Riders Have Returned. And Where They Haven’t [NYT] U.S. Website for Free at-Home Tests Is Live, a Day Early [NYT] Super-Burglar Hits Dumbo Office Building 12 Times in Three Months [Eagle] NYS Health Department Recalls 250,000 Free Masks for Teachers [Gothamist] New Film Mixes Actors, Real Residents in Love… Read More > The post Daily Links: MTA Forecasts Permanent Shift to Remote Work, Lighter Subway Use appeared first on Brownstoner.

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Toronto Realty Blog

JANUARY 19, 2022

TorontoRealtyBlog. Do two wrongs make a right? If that’s the case, then perhaps all is fair in the absolute chaos that exists in the 2022 real estate market, particularly when it comes to pre-emptive offers, aka “bully offers.” For those currently residing in a cave , perhaps one on the moon, a “bully offer” is an offer which is submitted, often by surprise, ahead of the scheduled “offer date” for a particular property. 123 Jones Avenue is listed for s

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MLS Brokerage Agents As-is 111

Realty Biz

JANUARY 19, 2022

Congratulations on passing your real estate agent’s test. The first thing you want to do is hang that license and any business license that you have in a very conspicuous place. Now, it’s time to start bringing in clients. You’ve been thinking about real estate day and night while studying for your license. By now you should have decided if you want to focus as a listing agent or a buyer’s agent.

Agents 108

Agents As-is Land Residential 108

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Brokerage

RISMedia

JANUARY 19, 2022

By Jordan Grice Despite various forecasts surrounding mortgage rates, the bottom line is that they are bound to tick up this year, leaving many wondering what this could mean for the housing market. “Higher mortgage rates are one reason why we will move from an incredibly hot housing market to one that’s strong, but instead […]. The post Increased Buyer Urgency Expected Amid Rising Mortgage Rates appeared first on RISMedia's Housecall.

Mortgages 106

Mortgages Marketing 106

Realty Biz

JANUARY 19, 2022

Navigating the real estate market can be a little scary for the novice, especially in the days of COVID-19. With inventories low and mortgage rate on the rise, experts predict a consistent growth in the market for 2022 and a mortgage rate slow-down. Successful buyers will look for an agent who is well-versed in negotiations and understands the local market.

Inspection 108

Inspection Finance Mortgages Agents 108

The Mortgage Report

JANUARY 19, 2022

Are you sure you're getting the lowest VA mortgage rates possible? Don't risk paying too much. Instead, read this guide for pro tips.

Mortgages 105

Mortgages VA loan Loans 105

American Lifestyle

JANUARY 19, 2022

The post 6 Ways to Overcome the Emotions of Selling a Home appeared first on American Lifestyle Magazine.

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105

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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.

Agents

Lighter Side of Real Estate

JANUARY 19, 2022

Ahhh, New York, New York. As Sinatra said, if you can make it there, you can make it anywhere! And one young New Yorker showed off just what it takes to make it in the Big City—a tolerance for living in cramped quarters! Check out what $1,200 a month gets him, in this TikTok tour of his humble abode! @axelwebber #nyc #livinglikerockstar #carbohydrates ?

As-is 105

As-is 105

Realty Biz

JANUARY 19, 2022

Real estate software is a must-have today for any realtor. One of the most effective platforms we’ve come across in some time is PropStream. Billed as an all-in-one real estate tool , PropStream has something for the entire real estate industry, with tools for real estate agents, brokers, and even investors. With a focus on automation with time-saving features, PropStream is a robust platform that can be used quite effectively as a full-functioned real estate CRM.

MLS 103

MLS Technology Land As-is 103

RIS Media

JANUARY 19, 2022

Berkshire Hathaway HomeServices PenFed Realty, one of the country’s fastest-growing brokerages, with 2,000 agents and $8 billion in annual sales, today announced a merger with Berkshire Hathaway HomeServices McNelis Group Properties of Solomons, Md. Led by founder and Principal Broker Chris McNelis, The McNelis Group Properties opened its doors in 2006 with one office on Solomons Island.

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Brokerage Principal Branding Agents 98

American Lifestyle

JANUARY 19, 2022

The post The Pros and Cons of a Virtual Home Tour appeared first on American Lifestyle Magazine.

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Agents

RIS Media

JANUARY 19, 2022

“Not in my backyard.”. That phrase has sounded out so many times—directed at land use experts, local politicians and housing developers—that it now has its own acronym. The NIMBY phenomenon, or NIMBYism can be found in nearly every community across the country, with roots going back 50 years or more. Growth or development that is often vitally, indisputably necessary is met with virulent grass-roots backlash not based on its merits, but instead on its location.

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Development Land Construction As-is 98

Brownstoner

JANUARY 19, 2022

With an owner's triplex and a garden rental, this Boerum Hill two-family brownstone has a fair amount of living space to offer along with some original Italianate details including marble mantels, moldings and arched entryways. At 459 State Street, it's close to the cultural amenities of BAM but also just… Read More > The post Boerum Hill Italianate Brownstone With Marble Mantels Asks $4.25 Million appeared first on Brownstoner.

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Closing Marketing 98

RIS Media

JANUARY 19, 2022

The Market Composite Index, a measure of mortgage loan application volume, increased 2.3% on a seasonally adjusted basis during the week ending January 14, 2022, compared with the previous week. On an unadjusted basis, the Index increased 3%, according to the Mortgage Bankers Association (MBA). The Refinance Index, on the other hand, decreased 3% from the previous week and was 49% lower than the same week one year ago.

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Mortgages Loans Industrial Marketing 98