Housing Wire
APRIL 5, 2021
Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member? log in. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.
Keeping Current Matters
APRIL 5, 2021
If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average refund of $2,925 when filing their taxes this year.
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Housing Wire
APRIL 5, 2021
Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020.
Better Dwelling
APRIL 5, 2021
Quantitative ease (QE) is a simple concept, but not well understood by most people. Increasingly folks tell me, “QE inflates home prices,” and “prevents prices from dropping.” The first part is true, but the evidence on the second part is a little shaky. It can help to push home prices higher during a tight market, […].
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
APRIL 5, 2021
Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
APRIL 5, 2021
The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level since March, 2020 as forbearance volume fell across the board for every investor type. Fannie Mae and Freddie Mac once again claimed the smallest share of loans in forbearance at 2.72% – a five bps improvement.
Realtor.com
APRIL 5, 2021
Getty Images What is an interest-only mortgage? It’s a type of home loan where you start off paying only the interest for a certain time period, followed by a time where you pay back both the interest and principal. Most interest-only home loans are adjustable-rate mortgages, or ARMs , says Scott Sheldon , a senior loan officer and consumer advocate in Sonoma County, CA.
Housing Wire
APRIL 5, 2021
In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%, was the highest capital ratio reported since 2007 and the sixth consecutive year above the 2% minimum mandated by Congress. .
Realtor.com
APRIL 5, 2021
With an average of nearly one dozen moves during life, most Americans have a fair amount of experience packing up and settling in again. Now, imagine how many moving-related tips and tricks a Realtor® learns while watching clients move every week: We’re talking expert-level status when it comes to making a smooth transition from home to home. While helping countless clients buy and sell homes, Krista Zobel, a Realtor in Lincoln, Nebraska, has amassed a set of pro tips for moving—whether someone
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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.
Brownstoner
APRIL 5, 2021
A framed photograph of a high-spirited Victorian couple in a donkey cart on holiday hangs in the front hall of Cara Silverman’s Prospect Heights brownstone. The sepia-toned image, found in the house when Silverman bought it, may well be of early homeowners. They might be surprised to recognize their brass… Read More > The post Bohemian Rhapsody: Layered With History, a Prospect Heights Brownstone Embraces Color appeared first on Brownstoner.
Waterfront Properties
APRIL 5, 2021
This past weekend, a huge truck pulled up to the New Macedonia Baptist Church filled with Easter joy for 500 families waiting for the spring surprise. One by one, volunteers from Waterfront Properties carried five hundred yellow, pink and blue baskets filled with toys and chocolate candies to the children waiting with excited smiles on their faces. Jupiter Realtor Rob Thomson wanted to share one of his fondest childhood memories with families who may be struggling this year, so he collected and
BubbleInfo
APRIL 5, 2021
Did you get concerned about the pending index falling another 10% last week? The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared with January, […].
The Mortgage Report
APRIL 5, 2021
Today’s mortgage and refinance rates Average mortgage rates held steady last Friday. That wasn’t a surprise. Most markets were closed and bond markets were open only for a few morning […].
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.
BubbleInfo
APRIL 5, 2021
Today: This isn’t the type of environment that you should put much stock in your latest zestimate. A month ago, on March 3rd, the zestimate was $1,336,035. Today, on April 4th, it is $1,723,510. Zillow wants you believe that their zestimates are within 1.9% of being right. But if you would have sold this home […].
Maximum Exposure Real Estate
APRIL 5, 2021
Understanding “Comps” When Selling a Home Have you heard a real estate agent talking about “comps” or “comparables” and wondered what the heck it means? Comparables or comps are the terms used for similar homes that have recently sold to help find the best listing price when selling properties. The listing price should encourage buyer […].
Brownstoner
APRIL 5, 2021
It might be in need of a bit of a polish, but this Crown Heights row house offers up some eye-catching period details like fretwork, wainscoting, built-ins and mantels. Designed by Brooklyn's Axel Hedman, the house at 939 Sterling Place in the Crown Heights North Historic District is one of… Read More > The post Axel Hedman-Designed Crown Heights Brownstone With Pier Mirrors, Mantels Asks $1.65 Million appeared first on Brownstoner.
Realtor.com
APRIL 5, 2021
Steven Wallace Media A Pennsylvania home with a huge glass showroom designed to show off an auto collection has revved onto the market for $1.75 million. The house on Cherry Street in Spring Brook Township, PA, was built in 2010 and comes with a surprising feature. “The glass garage is something that I haven’t seen in another home,” says the listing agent, Heather Kishel-Schield.
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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.
RISMedia
APRIL 5, 2021
By Lizzie Weakley Many homeowners don't fully utilize their basements; some even ignore their basement altogether. Rather than being wasted space, a basement can be great for storage, working areas and recreation. Here are four ideas for making the most of your basement by changing up the floor plan: Make a Secluded Office Space Thanks […]. The post Making the Most of Your Basement With Creative Floor Plans appeared first on RISMedia's Housecall.
Realtor.com
APRIL 5, 2021
Getty Images Your bedroom should be a sanctuary of relaxation, whether you’re staging your home to sell, or planning on staying put. But it’s also one of the trickiest rooms to spruce up. Since you probably store most of your clothing and personal items in your bedroom, it can become a cluttered mess in the blink of an eye. Because it’s not seen by many people (hosted any dinner parties in there lately?
Eye on Housing
APRIL 5, 2021
NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.2% in February to a seasonally adjusted annual rate of $718 billion, after reaching a record high in January 2021. It is in line with the slow pace of housing starts in February and recent softening of the NAHB/Wells Fargo Housing Market Index.
RIS Media
APRIL 5, 2021
See Where Your Team Stands Now and Make Adjustments to Drive Sales and Win. Winning teams—both in sports and in real estate—not only have a game plan that they execute consistently, but they also keep track of the score and make adjustments as needed. So with one quarter down in 2021, it’s time to check the scoreboard, assess what’s working and what’s not, and either keep charging ahead or make some changes in strategy.
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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.
Waterfront Properties
APRIL 5, 2021
April is known for its beautiful spring weather and the start of the warmer summer weather for most. Luckily for us living in South Florida, April is just another beautiful month filled with warm temperatures and sunshine. April is the fourth month of the Gregorian calendar, but that was not always the case. During the Julian Calendar, April was the fifth month and had 29 days prior to being part of the Julian Calendar.
Toronto Realty Blog
APRIL 5, 2021
TorontoRealtyBlog. And how was your long weekend? How did you possibly get through Friday without new content on TRB? A reader emailed admin@torontorealtyblog.com and said, “Whaa no blog today?” True, I never post blogs on holidays. And this time around, who would be reading? I make the assumption that most TRB readers are online between 7am – 10am, drinking coffee, procrastinating at work, and settling into their days.
RIS Media
APRIL 5, 2021
The post SEO Can Be Done In-house appeared first on RISMedia.
Sotheby's International Real Estate
APRIL 5, 2021
Sotheby’s International Realty today announced its expanding presence in the Middle East with the opening of Oman Sotheby’s International Realty. The addition of Oman Sotheby’s International Realty signifies the brand’s continued growth and its third affiliated company in the region. Oman Sotheby’s International Realty is owned by Alfardan Group and is led by Faisal Al Shanfari, country manager, who brings 20 years of experience to the company.
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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
APRIL 5, 2021
Realty ONE Group was recently named one of real estate’s fastest-growing franchisors, according to its first quarter 2021 initiatives, sales and recruiting numbers. The UNBrokerage, as it’s known in real estate sold a record 86 franchises in 2020, despite the pandemic, and 25 offices already in the first three months of this year. “We’re ONE of the most ambitious companies in the industry and we’re celebrating 16 years of sharing our COOLTURE, brand and unique busin
Brownstoner
APRIL 5, 2021
An affordable housing lottery has opened for three one-bedroom units in a four-story building at 61 Schaefer Street, between Bushwick and Evergreen Avenues, in Bushwick. Directly across the street is Evergreen Playground, and down the block is P.S./I.S. 45 Horace E. Greene. The lottery is set at an Area Median Income of… Read More > The post Affordable Housing Lottery Opens for Three Units in Bushwick for $2,225 a Month appeared first on Brownstoner.
RIS Media
APRIL 5, 2021
Can a small, independent broker or team compete with the big brands? Absolutely! No matter your size, each of us has something unique, different and oftentimes better. Our collective goal is to provide amazing client experiences and put our customers in a position to be the best-informed party in the transaction. However, bigger brokerages use their name and reputation to create growth and add marketshare, so it may seem impossible to compete with them.
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