Toronto Realty Blog
NOVEMBER 28, 2022
TorontoRealtyBlog. This fall has been a mixed bag, to say the least. We’ve had listings that have received multiple offers and we’ve had listings that have sat on the market. We’ve had buyers successfully purchase homes amid competition in multiple offers and we’ve had buyers purchase properties with upwards of ten sign-backs on the price and terms.
Housing Wire
NOVEMBER 28, 2022
Economic reports over the Thanksgiving holiday paint a complicated picture of what’s happening, and where we are on recession watch. The big economic surprise was the strength of Black Friday sales, where consumers spent a record $9.12 billion online. Another surprise was the Atlanta Fed’s forecast of 4.3% GDP growth in the fourth quarter, since the Atlanta Fed data was used by many to say that the U.S. went into a recession earlier in the year.
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Keeping Current Matters
NOVEMBER 28, 2022
Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait.
Housing Wire
NOVEMBER 28, 2022
JPMorgan Chase will soon be issuing its first non-prime MBS secured exclusively by investor loans that are underwritten based on rental income. JPMorgan Mortgage Trust 2022-DSC1 is secured by 980 debt service coverage ratio (DSCR) loans with a balance of $308.2 million, according to a Kroll Bond Rating Agency presale report. The collateral has seasoned for just under 12 months, the report says.
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Better Dwelling
NOVEMBER 28, 2022
The Canadian real estate bubble got a big boost from low rates, and prices are correcting as rates soar. Home prices climbed aggressively as cheap credit flooded the mortgage market until March. As rates increased, credit was throttled, and the opposite effect began to appear. Home prices are now down significantly and likely to slip […]. The post The Canadian Real Estate Bubble Is Popping As Mortgage Rates Throttle Credit appeared first on Better Dwelling.
Housing Wire
NOVEMBER 28, 2022
In mid-November, the Federal Bureau of Investigations released its 2022 Congressional report on business email compromise (BEC) and real estate wire fraud. According to the report, in 2021, the Internet Crime Complaint Center (IC3) received BEC-related complaints with claimed losses exceeding $2.4 billion, far higher than the $360 million in claimed losses recorded in 2016.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 28, 2022
Pure wholesale lender Homepoint will provide a $500 credit on appraisal costs for borrowers buying primary homes that are designated as Fannie Mae HomePath properties, the company announced on Monday. . This is the second initiative to be launched by Homepoint this year to reduce costs for borrowers who use the Ann Arbor, Michigan-based company. In August, Homepoint began offering a 75 basis point pricing bonus for conforming conventional loans in specified ZIP codes in 20 states where a high pe
Eye on Housing
NOVEMBER 28, 2022
Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, shows the share of new homes with a two-story foyer decreased in 2021. For 2021, most new single-family homes were built without a two-story foyer nationally and regionally. According to the Census, a two-story foyer is defined as the entranceway inside the front door of.
Housing Wire
NOVEMBER 28, 2022
Many lenders are not getting a sense of déjà vu with the current mortgage industry downturn, according to mortgage advisory firm Stratmor Group. “This one feels different,” a recent Stratmor report states, citing executives in the mortgage industry. . This time around, the fast mortgage rate increase, the large origination volume decrease and margin compression could cause an “unprecedented amount of excess capacity, and many lenders will need to sell or simply won’t surv
The American Genius for Real Estate
NOVEMBER 28, 2022
These 6 traits common amongst leaders can easily be implemented into anyone’s life with a little bit of focus.
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.
Realtor.com
NOVEMBER 28, 2022
Getty Images (3) Buying a house while simultaneously selling your current home is always a treacherous tight wire to traverse—but in today’s high-priced, high-interest-rate housing market, it’s both a blessing and a curse. The good news for home sellers is that over the past year, demand for homes has driven prices through the roof, pushing home equity to record levels.
Coldwell Banker
NOVEMBER 28, 2022
Discover the colors of Provence among the legendary lavender fields. Walk through the narrow cobblestone streets of this vibrant village and taste the finest wines. It’s time to travel to the fanciest destination in the French Riviera – Saint-Tropez! The post Coldwell Banker Around the World: November 2022 appeared first on Coldwell Banker Blue Matter.
Realtor.com
NOVEMBER 28, 2022
Fotoamator/iStock Can you show your home with an offer on the table? Sure, you’ve found a (nearly) perfect buyer. You’ve accepted the offer , which means you’re in wedded bliss and off the market, so to speak, right? Not so fast! Just as a romantic relationship can go sour, so can your real estate transaction. No matter how perfectly matched your buyers are to your property, issues can arise that are out of your control, and sometimes the buyers’ too.
Sotheby's International Real Estate
NOVEMBER 28, 2022
From a US$28.5M sale in Makena, Hawaii to a SG$18.5M sale in Singapore, here are five sales represented by the Sotheby’s International Realty® global network in October. Santa Monica, California . Robin Walpert | Sotheby’s International Realty – Santa Monica Brokerage, US$11,351,000. Singapore. Steve Tay | List Sotheby’s International Realty, Singapore, SG$18,500,000.
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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.
Realtor.com
NOVEMBER 28, 2022
ikrents/iStock In today’s hot housing market, rents are on the rise , which may have you wondering whether it’s time to consider becoming a landlord and buying a rental property. After all, who doesn’t like the idea of raking in rent checks from tenants every month? Still, being a landlord isn’t a cakewalk; it takes work, and sometimes being a landlord may seem like you’re shelling out more than you’re bringing in from rent.
Realty Biz
NOVEMBER 28, 2022
Take a moment to consider where the online marketing world is at today for real estate. Much of the older generation continue struggling with social media marketing while the millennial generation insists businesses first build a relationship before trying to make a sale (or real estate purchase). The older generation came of age in the non-digital world.
Realtor.com
NOVEMBER 28, 2022
Plus69/iStock Painting brick, for the most part, is entirely doable—and can give your old fireplace or brick house an easy face-lift. But you’ll want to plan carefully and do your research first. Painting brick isn’t like painting any old surface. First up, you should know that not all brick should be painted. Rick Watson , director of product development at Sherwin-Williams, recommends against painting brand-new, porous brick.
Real Trends
NOVEMBER 28, 2022
Today’s RealTrending features HousingWire Lead Analyst Logan Mohtashami. Logan digs into the housing market data on pricing, days on market, inventory and demographics to give real estate professionals a real-time look at what’s happening today and how that will play out in the market in 2023. Here is a small preview of today’s interview with Logan.
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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
NOVEMBER 28, 2022
deberarr/iStock Unlike single-family homes, multifamily homes are dwellings with more than one unit that each have their own bathroom and kitchen. Interested in how this type of property could pay off for you? Read on for our breakdown of multifamily homes. Multifamily home characteristics. The most attractive part of investing in and renting out a multifamily home is the steady revenue stream you can get from collecting rent.
Realty Biz
NOVEMBER 28, 2022
We live in a world filled with uncertainties, and we never know what the future holds. Choosing a career path or starting a new one might get quite challenging. At the moment, everybody is discussing the possibility of a recession, which will most probably have a significant impact on our lives. Considering this economic unpredictability, maybe it’s not the right time to make changes, but the circumstances may force you to make a career switch.
Realtor.com
NOVEMBER 28, 2022
designer491/Shutterstock What is a pre-qualification letter? A mortgage lender will give you this official document once you decide you might want to borrow money from the lender. But how much will that letter actually boost your chances of successfully making an offer on a house? Experts say it offers very little help. “I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo , a mortgage banker and president and founder of New American Fu
Bigger Pockets
NOVEMBER 28, 2022
Are nightmares about the economy still keeping you awake at night? Well, the news lately has been fairly mixed. There are reports that prices won’t fall as much and might […].
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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.
HomeLight
NOVEMBER 28, 2022
As the dust settles from the 2022 midterm elections, home sellers, buyers, owners, and renters are on the alert. Leaders have shifted seats, the power to draw new housing legislation has changed hands, and voters have cast their ballots on new housing measures. You’re probably wondering, “How will the midterm elections impact my housing situation?” It’s why we tapped into insights from expert housing economists and real estate professionals, including: Alex Thomas , senior research analyst at Jo
Realtor.com
NOVEMBER 28, 2022
cnythzl/iStock If you ever plan to buy a house, establishing a track record of past payments is essential, because it proves to mortgage lenders that you’ve paid people back (which means they’ll be more apt to loan you money for a home). Still, if you have no credit history—because you’re young or just never bothered—how long does it take to build it from scratch?
Lighter Side of Real Estate
NOVEMBER 28, 2022
Some people manage to find the discipline and work-life balance to achieve an envious physique, but most people are too busy with work and responsibilities at home to be able to pull it off. While it may seem like real estate agents have plenty of time and flexibility in their schedule to easily join the ranks of the fittest folks on earth, time and fitness are just as elusive to them as anyone else.
Realtor.com
NOVEMBER 28, 2022
designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. “FHA loans are a great option for a lot of home buyers, particularly if they’re buying their first home,” says Todd Sheinin , mortgage lender and chief operating officer at New America Financial in Gait
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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.
Lab Coat Agents
NOVEMBER 28, 2022
In an economic downturn , it’s common for real estate team leaders to take specific measures to save money. Consequently, these short-term “life rafts” they’re using to attempt to weather the storm could sink the entire ship! Unfortunately, a lot of real estate agents fall into this pattern. While attempting to do something they think will help them save money, they only end up hurting their bottom line.
Realtor.com
NOVEMBER 28, 2022
borchee/iStock If you’re a novice gardener, you’ve probably asked yourself all about annuals and perennials when picking out flowers at your local garden store. Annual and perennial are classifications based on the lifespan and bloom cycle of a particular flower. It’s something that gardeners need to pay particular attention to so they can make sure their blooms thrive. .
Bigger Pockets
NOVEMBER 28, 2022
Small multifamily investing is one of the easiest, fastest ways to find financial freedom. We’re not talking about any “get rich quick” promises or risky businesses—thousands of real estate investors […].
Realtor.com
NOVEMBER 28, 2022
realtor.com A micro-apartment is the urban equivalent of a tiny house —a small dwelling, typically under 300 square feet, some as little as 100—that is gaining popularity in pricey cities where larger apartments are financially out of reach. These pint-sized pads give people a chance to live in the thick of things without blowing their paycheck … that is, if they’re willing to do some serious downsizing.
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