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
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.
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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
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
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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
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
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
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.
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
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.
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BubbleInfo
NOVEMBER 28, 2022
After staying around 400 since the middle of September, the number of active listings finally plunged by 6% as the holiday season finally set in. Yet, the number of pendings rose by 9%! There were also more new pendings than new listings this past week. The list prices are probably as low as they will […].
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.
BubbleInfo
NOVEMBER 28, 2022
Will the 30-yr jumbo rate stay in the 5s? Here’s what MND says: Excitement, volatility, non-stop action… concepts that have absolutely nothing to do with mortgage rate movement over the course of the past two weeks. In fact, since rates plummeted in response to the November 10th CPI data, they’ve been as flat as we’ve […].
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.
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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.
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
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.
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.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Realty Biz
NOVEMBER 28, 2022
Artificial intelligence has grown in magnitude since the first program was written in 1951. Modern iterations of AI are what allow things like social media monitoring, self-driving cars, and smart assistants to function. The same technology that makes those possible also benefits the real estate industry. The utilization of artificial intelligence in real estate allows for better sales, quicker lead generation, and much more.
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?
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
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
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
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
SasinParaksa/iStock To celebrate our first night in our new home, we ordered a feast of Chinese food. The next morning, to our horror, we found a huge stain on our kitchen’s marble counter where the moo goo gai pan had seeped out of its cardboard container into the stone. We went into a frenzy to try to find out how to remove stains from marble.
Realty Biz
NOVEMBER 28, 2022
In many ways, getting a mortgage today is much simpler than it used to be. In a matter of minutes, you can get prequalified for a home loan online, find out how much of a house you’re likely to be approved for, and apply directly for a mortgage , all with a few clicks and keystrokes. . Although digital mortgages can streamline the application process, using an online-only mortgage lender has its limitations.
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.
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Realty Biz
NOVEMBER 28, 2022
Real estate is a very competitive industry, so you must put in hard work. You'll also need to make intelligent choices if you plan to increase your rent. Complete property renovation can come with a hefty price, but if you're planning to attract high-quality tenants, you must provide the best property. To do so, you must invest in your property with the best upgrades. .
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 […].
Realty Biz
NOVEMBER 28, 2022
Better Homes and Gardens Real Estate Gaetano Marra Homes , a real estate brokerage serving the Greater New Haven market, announced today the addition of Bryan Atherton to the leadership team as a Strategic Growth Partner. According to Gaetano Marra, broker/owner of Better Homes and Gardens Real Estate Gaetano Marra Homes, Atherton’s success in commercial real estate lends an unexpected and invaluable approach to expanding the residential brokerage’s business.
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 […].
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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