Realtor.com
NOVEMBER 17, 2022
Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. Recent data from the National Association of Home Builders and the U.S. Census Bureau found that the price for a newly built home currently hovers at a national median of $436,800.
Housing Wire
NOVEMBER 17, 2022
The best way to fight inflation is to add more supply, and when I look at the housing completion data for the past two years, it just makes me want to puke. In previous expansions, builders’ housing completion data would move in line with housing starts and permits. However, for the first time in recent modern-day history — due to supply chain issues and other factors — housing completion data has lagged behind housing permits and starts.
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Keeping Current Matters
NOVEMBER 17, 2022
If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you.
Housing Wire
NOVEMBER 17, 2022
Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). According to industry leaders, the rule can force a sell-off wave, reduce values and put some lenders and services in a difficult spot. “That’s the ‘elephant in the room’ right now.
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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.
Eye on Housing
NOVEMBER 17, 2022
Single-family built-for-rent construction leveled off during the third quarter of 2022 as the overall housing market slowed. This occurred after an exceptionally strong second quarter for rental housing production. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 16,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2022.
Housing Wire
NOVEMBER 17, 2022
Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. To illustrate how fast mortgage rates have declined, the 30-year fixed rate decreased this week to an average of 6.61%, down from last week’s 7.08%, according to the latest purchase mortgage survey
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 17, 2022
Fannie Mae and Freddie Mac purchased a record $2.52 trillion in single-family loans in 2021, with the average guarantee fee — expected to cover credit losses, administrative costs and cost of capital — rising 2 basis points from the prior year to 56 bps. That uptick is largely thanks to the controversial 50 bps “adverse market fee” applied starting in late 2020, which originators railed against and was ultimately discontinued in July 2021.
Eye on Housing
NOVEMBER 17, 2022
Elevated mortgage rates, high construction costs for concrete and other building materials, and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Overall housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in October, according to data from the U.S.
Housing Wire
NOVEMBER 17, 2022
The number of new housing units started in October continued to decline, a reflection of the continued downward spiral in homebuilder sentiment , dropping 4.2% from September to a seasonally adjusted annual rate of 1.425 million, according to a report released Thursday by U.S. Census Bureau and the U.S. Department of Housing and Urban Development. October’s annual housing start rate was down 8.8% on a year over year basis, according to the report.
Eye on Housing
NOVEMBER 17, 2022
Confidence in the market for new multifamily housing declined significantly in the third quarter of 2022, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) decreased 10 points to 32 compared to the previous quarter while the Multifamily Occupancy.
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.
Housing Wire
NOVEMBER 17, 2022
Wisconsin-based mortgage lender Waterstone Mortgage Corporation appointed Chik Quintans its new director of digital marketing, the company announced Thursday. In his new role, Quintans will oversee the digital marketing strategy to advance Waterstone Mortgage’s online presence through social media campaigns and content creation, in collaboration with graphic designers and communications specialists.
HomeLight
NOVEMBER 17, 2022
Achieving any level of success in real estate is challenging, but without the right strategy in place, the chances of having a profitable career are even more difficult. On a recent episode of The Walkthrough , author and former mega-agent Sean Moudry says that aligning your sales strategy with your personality type will hugely impact the prosperity of your business.
Housing Wire
NOVEMBER 17, 2022
Jim Amorin, the CEO of the Appraisal Institute , on Thursday announced his resignation from the appraisal trade group. In a statement, the Appraisal Institute said Amorin’s five-year term will end effective Feb. 14, 2023. The organization said he is “moving on to pursue other opportunities.” The board of directors will begin a search for a new CEO immediately, the Appraisal Institute said in the statement.
Realtor.com
NOVEMBER 17, 2022
Getty Images Winter brings major cold spells to many parts of the country, and frigid weather often puts your plumbing system at risk. When the mercury dips below 32 degrees Fahrenheit, uninsulated pipes can freeze and burst. Plus, those freezing temps mean your water heater is working extra hard to supply your home. That’s why it’s crucial to prepare your plumbing system for the season.
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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.
Housing Wire
NOVEMBER 17, 2022
After two years of negotiations, California-based Carrington Mortgage Services has agreed to pay a $5.25 million penalty to the Consumer Financial Protection Bureau (CFPB) for ‘improper practices’ related to forbearance plans provided for homeowners during the Covid-19 pandemic, the parties announced on Thursday. “Carrington Mortgage unlawfully withheld legally mandated pandemic protections, wrongly imposed fees, and reported false information to credit reporting companies,R
Bigger Pockets
NOVEMBER 17, 2022
Earlier in November, new Consumer Price Index (CPI) data was released, revealing that inflation had dropped on a year-over-year basis from 8.2% in September to 7.7% in October. This is welcomed news. […].
Housing Wire
NOVEMBER 17, 2022
Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong.
Lab Coat Agents
NOVEMBER 17, 2022
As the way we buy and sell real estate changes, so must the strategies and tactics of real estate professionals. With the market ever-changing, 2023 promises to be full of new challenges and opportunities for agents who are ready to adapt in order to remain relevant and find listings in this industry. In this blog post, discover 5 must-haves every real estate agent needs to weather any market conditions and have consistent business for 2023. 1.
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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.
Housing Wire
NOVEMBER 17, 2022
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. released a new marketplace for co-issue loan sales this week. Co-issue loan sales, also known as flow-based mortgage servicing rights sales, are three-way transactions involving the sale of loans to one of the agencies, with a simultaneous sale of the MSRs to a separate third party.
Bigger Pockets
NOVEMBER 17, 2022
Knowing how to invest during a recession is what separates the good from the great investors. Most veteran real estate investors know that during downtimes, the lucky landlords get swept […].
Housing Wire
NOVEMBER 17, 2022
FHA ’s Tuesday release of its MMIF Report showing that FHA continues to build its capital reserve ratio to 11.1% will no doubt add fuel to the public debate about whether FHA should cut premiums for the borrowers it serves. This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie M
Sotheby's International Real Estate
NOVEMBER 17, 2022
Some techno-futurists predict that we may one day spend most of our time connected to a “metaverse,” or upload our minds to the cloud to achieve a sort of digital immortality. Whether or not this is probable, or even possible, there’s no denying that a significant portion of our lives are now lived virtually. Beyond the relatively straightforward interfaces of social media—Instagram, TikTok, and the like—people are creating and sharing content in real time on platforms such as Twitch, while spea
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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.
Point2Homes
NOVEMBER 17, 2022
Homes in Vancouver have always been in high demand, and average home prices in the city reflect its desirability. While you may think you’re priced out of this red-hot market, you might be surprised to learn there are some stunning homes available in Vancouver for less than $600,000. Take a look at these beautiful and conveniently located options and see for yourself what Vancouver has to offer when it comes to more affordable homes. #1 303 1525 Pendrell Street, Vancouver, BC, V6G 1S6 , 1 bedroo
BubbleInfo
NOVEMBER 17, 2022
The jumbo rate above is 6.1% at no points, which means you can get into the mid-to-high 5s with the buyers – or sellers – paying a point or two. I’m going to mention it in the description of the new listing. With the discounts already in place in some areas, and last week’s drop […].
Bigger Pockets
NOVEMBER 17, 2022
You’re one bad real estate investment away from being cash flow-poor and debt-rich. That’s right, not every investment property works out, and when leveraged the wrong way, a single property […].
Realtor.com
NOVEMBER 17, 2022
HGTV Jonathan and Drew Scott are accustomed to renovating homes to better suit their inhabitants on “ Property Brothers: Forever Home.” But in the latest episode, they must also ensure the house works for two dogs and a grand collection of guitars. In the episode “Rockin Reno,” the Scott brothers drive to Northridge, CA, where they meet Alex and Ginger , who have adopted two labs, Lily and Coda.
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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.
Realty Biz
NOVEMBER 17, 2022
To successfully sell your property, you must shift your mindset from being a homeowner to a businessperson. Focus on the property's strongest features and how to highlight them to potential buyers. If your home is not selling off the market despite your best efforts, consider reevaluating your open house and listing strategies. If a house has been on the market for so long, the owner may need help pinpointing the problem.
Realtor.com
NOVEMBER 17, 2022
Getty Images For more than a year, renters have reacted with horror as landlords across the country jacked up monthly rents by previously unthinkable amounts. But finally, rents have begun to drop. Much to the relief of tapped-out tenants, median monthly rents fell a bit in October, hitting $1,747 nationally, according to a recent Realtor.com® report.
Realty Biz
NOVEMBER 17, 2022
As co-founder and Chief Investment Officer, Moez Kassam has led the Canadian hedge fund, Anson Funds, to deliver some outstanding returns for his investors over the years. The firm has grown to manage $1.4 billion in assets and span a range of investment strategies. But Moez Kassam’s influence has not been limited to the financial realm. He is also known for his active involvement in various charities such as Homes First Canada, an organization that provides housing to those in need.
Brownstoner
NOVEMBER 17, 2022
Among the glories of this upper triplex in a five-story Park Slope brownstone is an original bathroom with marble slabs and a striking stained glass window. There is also original woodwork, mantels, a laundry room and a second full bathroom. The unit is located at 865 President Street in the… Read More > The post Park Slope Brownstone Triplex With Mantels, Woodwork, Four Bedrooms Wants $10K appeared first on Brownstoner.
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