Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
Keeping Current Matters
AUGUST 5, 2022
Some Highlights. The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022. Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years. Connect with a local real estate professional so you can make your best move this year.
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Housing Wire
AUGUST 5, 2022
Amid fears and talk of a recession , job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior , according to data released Friday by the Bureau of Labor Statistics. After this latest job gain, the unemployment rate fell to 3.5%. Both total nonfarm employment and the unemployment rate have returned to their February 2020 pre-pandemic level.
Eye on Housing
AUGUST 5, 2022
Job growth accelerated in July amid higher inflation and growing economic pressures. Total nonfarm payroll employment increased by 528,000, and the unemployment rate edged down to 3.5% in July. Construction industry employment (both residential and non-residential) totaled 7.7 million and has exceeded its February 2020 level. In July, residential construction gained 14,100 jobs, and non-residential construction added 18,300 jobs.
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Housing Wire
AUGUST 5, 2022
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Some of the nearly 360 comments came in late on Thursday, a day before the deadline imposed by the Office of the Comptroller of the Currency , the Federal Reserve and the Federal Deposit Insurance Corporation.
Coldwell Banker
AUGUST 5, 2022
Extra, extra! Read the top 10 news items that ran in July 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 – July 2022 appeared first on Coldwell Banker Blue Matter.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Eye on Housing
AUGUST 5, 2022
Headship rates for all age groups have been trending lower over the last two decades, with important implications for the demand for home building. The latest Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) data show that the pandemic housing boom brought this trend to a halt, with adults ages 35-64 now registering higher headship rates than they.
Housing Wire
AUGUST 5, 2022
With tech solutions and automation dominating more and more of the mortgage experience, the appraisal process can feel a bit dated, often causing significant slowdowns. HousingWire recently spoke with Erin Reed, vice president of originations, valuations and operations at ServiceLink about approaching appraisal modernization in an innovative way while addressing logistical challenges along the way. .
Sotheby's International Real Estate
AUGUST 5, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Rye, New York | Christy Murphy, Julia B. Fee Sotheby’s International Realty . The historic home where Audrey Hepburn’s Sabrina lived most of her life dreaming up a whole new world with the Larrabees’ is now on sale for $11 million. Mansion where iconic Audrey Hepburn played ‘Sabrina’ lists for $11M – New York Post.
Housing Wire
AUGUST 5, 2022
During this period of rising rates and general rate volatility, having the cash and credit lines on hand to ride out the rough patches in the market — known as liquidity — can be what separates the winners from the losers in the mortgage industry. Rocket Companies , the parent company of Rocket Mortgage , despite a less-than-impressive second-quarter earnings performance, appears to recognize that reality.
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.
Realty Biz
AUGUST 5, 2022
Congratulations on moving into your newly built home and I hope you enjoy many happy years living there. Everything is sparkling clean from the floors, to the walls, to the ceilings, and the brand-new appliances. However, enjoying life there brings wear-and-tear and that requires maintenance to keep everything in the most attractive shape and to prevent small problems from becoming big headaches.
Housing Wire
AUGUST 5, 2022
With just under two months until HW Annual , it is important to make your hotel reservations now to join us in person for this power-packed event. HW Annual will take place from Oct. 3-5 at the Fairmont Princess Resort in Scottsdale, Arizona. Attendees who register soon can still find a spot in the HW Annual block of rooms, which includes a special $395 per night room rate.
Norada Real Estate
AUGUST 5, 2022
Absorption rates and months of inventory in real estate. What are they, and why are they significant? This information is useful since it represents the liquidity of a market. As a real estate investor, you can help maximize your profits by knowing the liquidity of a given real estate market. By knowing the liquidity of a market, you will better understand that market and therefore be able to take advantage of the various buying strategies afforded by it.
Housing Wire
AUGUST 5, 2022
Guild Mortgage ’s second-quarter earnings suggest that a high share of purchase loans won’t necessarily be enough to protect lenders from the most challenging and volatile mortgage market in years. They’ll have to cut costs and grab opportunities as they emerge. The nonbank lender reported a $58.3 million net income from April to June, a 72% decrease from $208 million in the first quarter.
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Real Trends
AUGUST 5, 2022
Yes, the market shifted a little. As you’re settling into your new normal, you’re likely finding yourself with a little more time – time that you should commit to spending working on your business (and yourself) instead of in your business. Since we’re headed toward a seasonal shift as well, with kiddos heading back to school, the days starting to get shorter, and vacation season coming to an abrupt end, this is the perfect time to tackle some tasks, restart some habits,
Realty Biz
AUGUST 5, 2022
Purchasing homes to renovate and flip is a common real estate investment strategy. So, too, is home buyers purchasing an inexpensive property that needs some rehab or customization, or even a mortgage refinance when your existing property needs renovations. However, just because you have the desire to purchase a home and then renovate it does not mean you might have the cash resources to do so.
Brownstoner
AUGUST 5, 2022
East Flatbush is the city’s most woefully underserved neighborhood when it comes to cooling centers, having just two of the air conditioned public spaces for its 162,000 residents. A new report from Comptroller Brad Lander analyzes the availability of the city’s cooling centers, typically set up in libraries, community centers… Read More > The post East Flatbush Has Just Two Cooling Centers for 162,000 Residents appeared first on Brownstoner.
Realty Biz
AUGUST 5, 2022
Mobile floor plan scanning app provider CubiCasa is making its service available for free in the United States. CubiCasa is the creator of mobile capture technology that can be used without prior training by anyone with a smartphone. From a simple walk-through of a home, the technology produces a highly-precise floor plan sketch with the option to calculate gross living area, aligned with ANSI standards.
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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.
Brownstoner
AUGUST 5, 2022
Our picks for open houses to check out this weekend are found in Park Slope, Carroll Gardens and South Midwood. They range in price from $1.7 million to $5.095 million. In the Park Slope Historic District, an 1880s brownstone has a smattering of original detail, including a wood mantel, and updates… Read More > The post Park Slope Historic District Brownstone and Three More to See, Starting at $1.7 Million appeared first on Brownstoner.
Realty Biz
AUGUST 5, 2022
ERA ® Real Estate , a global franchising leader within the Anywhere SM family of brands, announced today that the Graf Home Selling Team & Associates, based in Hiawatha, Iowa, has affiliated with the ERA ® brand. The firm serves the greater Cedar Rapids area, including the cities of Marion and Robins. Now known as Graf Real Estate ERA Powered, the full-service company’s affiliated agents will continue to work with clients on residential sales and relocations.
Brownstoner
AUGUST 5, 2022
The exterior of this Catskill Italianate isn't exactly shy and retiring. After a renovation by the artist owners, a bold green facade now makes the white brackets, window surrounds and porch details pop and the bright red door is hard to miss. Located at 48 Day Street near downtown Catskill,… Read More > The post A Bright Catskill Italianate With a Mid-Century Kitchen Surprise Asks $750K appeared first on Brownstoner.
Mashvisor
AUGUST 5, 2022
Attracting new guests is the primary goal of every Airbnb host and property manager. This can be achieved by increasing the visibility of the vacation rental in different channels.
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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.
Brownstoner
AUGUST 5, 2022
In the News Judge Says He Will Toss Out NYC School Budget [NYT] ID Theft, Fraud, Prison: The Wild Life of a Bishop Robbed at the Pulpit [NYT] Brooklyn Real Estate Activity Is Up From Last Year Across the Board [Eagle] Flatbush Central Vendors Ask for Help [Amsterdam News] Greenpoint Residents Call for Street Changes… Read More > The post Daily Links: Judge Sides With Parents, Will Let City Council Reconsider School Budget Cuts appeared first on Brownstoner.
Mashvisor
AUGUST 5, 2022
Not all rental properties are created equal. As a real estate investor, you must learn to find rental property online that suits your needs.
Brownstoner
AUGUST 5, 2022
Mayor Eric Adams today gave the nod to Landmarks Preservation Commission Chair Sarah Carroll to serve as the head of the agency for another seven-year term. The move comes fresh on the heels of the unexpected demolition in July of a Bed Stuy mansion the agency was considering landmarking, shocking… Read More > The post Mayor Taps Preservationist Sarah Carroll to Head Landmarks Commission for Seven More Years appeared first on Brownstoner.
Redfin
AUGUST 5, 2022
Washington State, also known as “The Evergreen State,” is home to around 7.5 million people. This is no surprise as the state has incredible access to the outdoors, four-season weather, and a vibrant arts and entertainment scene. If you’re considering living in Washington and don’t know what cities to consider, we created a list of the fastest-growing cities in Washington State.
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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.
BubbleInfo
AUGUST 5, 2022
Our full-price buyers backed out of their purchase of my new listing in La Costa Oaks due to fear of fire. I was there in 1997 when the last fire blew through La Costa – you may remember me being interviewed by Susan Taylor on NBS that night – so I’m aware of the danger. […].
Redfin
AUGUST 5, 2022
Thinking of moving to Tennessee? Well, you aren’t alone. Best known for country music, Graceland, Elvis, fried catfish, and delicious barbecue, Tennessee is home to nearly 7 million residents. But where exactly are people in Tennessee moving to? We’re here to answer that question. We’ve compiled the 10 fastest-growing cities in Tennessee that saw the most significant population increase over a 5-year span from 2017 to 2021.
BubbleInfo
AUGUST 5, 2022
Yesterday I joined Molly of Real Talk Media for a couple of thoughts about next year’s market: The key to market conditions will be the inventory – no surprise there. If there was a surge of newer McMansions for sale that were upgraded, well-presented, and had decent backyards, it would light the market on fire, […].
Redfin
AUGUST 5, 2022
Whether you’ve had difficulty qualifying for an apartment in the past or you’re a first-time renter , adding a cosigner to your rental application can be the addition you need to score your new apartment. With competitive rental markets all over the country, those with poor credit, spotty income, or rental history issues have had an especially difficult time getting approved for an apartment.
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