Housing Wire
NOVEMBER 18, 2022
The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Keeping Current Matters
NOVEMBER 18, 2022
Some Highlights. You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever. That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are for and how to highlight any upgrades you make.
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Housing Wire
NOVEMBER 18, 2022
Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. “The U.S. housing market appreciation and the rapid increase in mortgage rates have reduced housing affordability and accelerated the plunge of mortgage origination volumes,” a recent Fitch Ratings report stated.
Eye on Housing
NOVEMBER 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2022 single-family attached starts totaled 38,000, which is 12% higher than the third quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000).
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Housing Wire
NOVEMBER 18, 2022
The housing recession was in full swing in October. Existing home sales last month declined 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, and were down 28.4% year over year. That’s the largest year over year existing home sales decrease since 2007. “More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement.
Sotheby's International Real Estate
NOVEMBER 18, 2022
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Park City, Utah | Summit Sotheby’s International Realty. The property sits at the top of the Crown Point ski lift and looks out over the Bald Eagle Mountain ski slopes. Hot property: five US ski homes for sale – Financial Times. This Award-Winning $13 Million Hillside Mansion ‘Floats’ Above Los Angeles – Robb Report.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Real Trends
NOVEMBER 18, 2022
Any agent working in today’s market knows, that despite the ongoing struggles, you still have to bring in new business somehow. For new agents who haven’t experienced a down market before, this can seem especially intimidating. Thankfully, industry veteran Kristin Green, sat down with RealTrends to discuss her best practices for reaching her sphere of influence that are foolproof even in a down market.
Housing Wire
NOVEMBER 18, 2022
The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. At least until 2022. On the origination side, these companies’ costs exceeded $11,000 per loan for the first time, despite a reduction of 19% year over year for the total employees per firm, which contributed to the pre-tax net income in Q3 hitting its lowest level since 2008.
Realtor.com
NOVEMBER 18, 2022
Realtor.com Calling all happy campers! A newly constructed farmhouse with a fanciful trailer resort in Prairie Grove, AR, is this week’s most popular listing on Realtor.com®. Called Flamingo Springs, the 60-acre property is a “1950s Palm Springs–inspired trailer resort,” according to the listing. You can live in the new farmhouse, which sits on its 2 private acres, and operate the charmingly retro RV park.
Housing Wire
NOVEMBER 18, 2022
On Aug. 31, 2022, the Federal Housing Finance Agency (FHFA) announced that it would conduct a comprehensive review of the Federal Home Loan Bank (FHLB) system. This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”.
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.
Toronto Realty Blog
NOVEMBER 18, 2022
TorontoRealtyBlog. Remember that guy back in high school that was super popular and always got the ladies? I’m asking the gents in here to remember because my follow-up question is this: did you hate him or did you respect him ? Those are your only two options because, in truth, those were really the only two reactions that most guys had. If you hated him, why was that?
The American Genius for Real Estate
NOVEMBER 18, 2022
The million dollar, golden ticket questions all home buyers are wanting to know: Will home prices go up, stay the same, or decline next year?
Point2Homes
NOVEMBER 18, 2022
During the pandemic, the way we work went through a significant change. Jobs that had long been restricted to the office were suddenly being carried out in the comfort of the employee’s home in a move that would see more workers than ever before switching to remote work. While the future of flexible work remains uncertain, the benefits this system has introduced are clear.
Lab Coat Agents
NOVEMBER 18, 2022
Whether you’re thinking about going into the real estate business or you’ve already started, it’s important to know exactly what you’re getting into. In this article, I’ll discuss some of the top questions you might have, as well as what you’ll need to study and how to get started. Take The Quiz! Why Should I Become A Real Estate Agent?
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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.
Real Trends
NOVEMBER 18, 2022
Real estate marketing company Luxury Presence launched a new suite of lead-generation tools this week aimed at helping real estate agents, teams and brokerages scale the online presence of their businesses. “We’ve been working on these tools for months, in anticipation of a market shift , to give our agents access to the best solutions for driving business growth in the current market environment,” said Malte Kramer, CEO and founder of Luxury Presence.
Bigger Pockets
NOVEMBER 18, 2022
If you are like me, I suspect you’ve heard a good number of gurus, or even seasoned, well-meaning investors, give the following advice in some form or fashion: “Systems and […].
Realtor.com
NOVEMBER 18, 2022
Photos by @maisonfeteetcie / @katherineyounghome / @simonlewisphoto via Instagram@ No matter who you’ll be sharing your Thanksgiving table with this year, one thing is for certain: You’re going to want to set it well ahead of time. Planning and setting a beautiful tablescape is one of the items on your Thanksgiving to-do list that can be completed a day or so before guests arrive.
Bigger Pockets
NOVEMBER 18, 2022
Pace Morby’s name is synonymous with creative financing. In fact, you could say that he’s brought back a revival of strategies like subject to and seller financing. He’s been so […].
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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.
Real Trends
NOVEMBER 18, 2022
The tech revolution has reshaped the real estate industry in a major way. Between artificial intelligence (AI) and machine learning, sophisticated technological advancements are pushing the real estate industry into a new era. However, insightful data could be the most important factor to succeeding in today’s tough housing market. Data allows real estate professionals to understand their customers’ and potential customers’ wants and needs.
Realty Biz
NOVEMBER 18, 2022
Gaining sources of passive income is what lots of people are looking for. Without any doubt, purchasing real estate is one of the most reliable investment decisions. Just for reference, the real global state market is expected to show a Compound Annual Growth Rate (CAGR) of about 4.8% between 2021 and 2030. It clearly evidences that the niche is highly promising and not saturated yet. .
Realtor.com
NOVEMBER 18, 2022
MLS via Realtor.com We all know good things come in small (though not necessarily cheap!) packages; and an elaborate treehouse in Bentonville, AR , is a magical reminder. A veritable leafy playground, this luxe treehouse is just 866 square feet of nonstop fun—and it’s available for $1,250,000. The treehouse’s eye-popping architecture quickly made it internet-famous as one of last week’s most popular home listings.
Brownstoner
NOVEMBER 18, 2022
Our picks for open houses to check out this weekend are found in Park Slope, Carroll Gardens, Bed Stuy and Borough Park. They range in price from $1.68 million to $3.695 million. In the Park Slope Historic District close to Prospect Park, a circa 1901 house of pale brick and limestone… Read More > The post A Bed Stuy Brownstone With Fanciful Mantels and Three More to See, Starting at $1.68 Million appeared first on Brownstoner.
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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.
Realtor.com
NOVEMBER 18, 2022
Realtor.com The barndominium craze shows no signs of slowing down. Over 1,200 listings in Texas mention “barndominium” in their descriptions, but it’s not the lone star state of these rustic structures. Tennessee has more than 100 for sale, and the Georgia and Florida listings are inching closer to triple digits. With so many barndominiums to sift through, we turned our gaze to affordability.
Brownstoner
NOVEMBER 18, 2022
Sections of the BQE’s triple cantilever will be closed for three weekends between March and October next year while "emergency repairs" are made to areas around Clark Street, Grace Court and the Joralemon Street garage, Department of Transport reps told a community meeting on Wednesday night. Queens-bound lanes will be… Read More > The post BQE to Close for Three Weekends, Around 20 Nights While Repairs Are Made on Cantilever appeared first on Brownstoner.
Realtor.com
NOVEMBER 18, 2022
Getty Images Once upon a time, long before podcasts or Feedly came along, people spent much of their free time devouring the wisdom found in books ! Today, many tomes serve purely as home decor. Instagram feeds are loaded with ways to make them shine—stacked on coffee tables , color-coordinated on shelves, wrapped in paper, and more. It makes sense, to a certain extent. “Americans don’t read as much.
Brownstoner
NOVEMBER 18, 2022
After a pandemic pause, the historic homes of Newburgh will once again be decked for the holidays with the return of the annual Candlelight Tour. Sponsored by the Historical Society of Newburgh Bay and the Highlands, the self-guided Candlelight Tour of Homes features Newburgh spaces both public and private decorated out… Read More > The post Get a Glimpse Inside Some of Newburgh’s Historic Homes With the Return of the Candlelight Tour appeared first on Brownstoner.
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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.
Eye on Housing
NOVEMBER 18, 2022
As higher mortgage rates continue to weaken housing demand, the volume of existing home sales has declined for nine consecutive months as of October, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. The average 30-year fixed mortgage interest rate increased from 3.11% at the start of the year to 6.61% this.
Brownstoner
NOVEMBER 18, 2022
In the News Covid Almost Broke a Bushwick Hospital. It Also Might Be What Saves It [NYT] Relief Organizations Take Action in East New York and Beyond [NYT] Coffee Cart on Brooklyn Heights Promenade Causes Brew-haha [Eagle] Good Vibes, Great Food at Crown Heights Eatery Ras Plant Based [BK Reader] Illegal Marijuana Shop Raided in… Read More > The post Daily Links: East New York Megachurch’s 2,000-Unit Affordable Housing Plan Moves Forward appeared first on Brownstoner.
Realtor.com
NOVEMBER 18, 2022
Design by Realtor.com / Graph courtesy of Freddie Mac / Getty Images (2) Mortgage rates have skyrocketed this year, scaring many would-be homebuyers and sellers out of the market. But even when rates seesaw lower, as they did this week, it still takes a toll on the housing market. Why? Because when financial conditions are so erratic and unsettled, many would rather wait it out. “Today’s homebuyers and sellers are dealing not just with higher housing costs, but more uncertainty as a result
Redfin
NOVEMBER 18, 2022
One of the cons of living in Baltimore , renting an apartment in Los Angeles , or calling any other major city home, is the noise. From highways and construction sites to loud neighbors or boisterous roommates in another room, there’s no shortage of noise sources that can disrupt your daily life. What if there was a way to combat this? That’s where soundproofing comes into play.
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