Thu.Jun 17, 2021

Lennar execs confident building boom will not end soon

Housing Wire

“These are the best of times,” declared Stuart Miller, chairman of the board for Lennar Thursday. And the homebuilder’s quarterly financial performance backs up what Miller is talking about.

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Housing Wealth: The Missing Piece of the Affordability Equation

Keeping Current Matters

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year.

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Mortgage rates continue their fall, to 2.93%

Housing Wire

The average 30-year fixed-rate mortgage fell three basis points from the week prior to 2.93%, according to data released Thursday by Freddie Mac ‘s PMMS. This marks the first time in over two months mortgage rates have fluctuated outside a five basis point range above or below 3%.

Planning To Buy a Home This Summer? Here’s What You Need To Know

Lighter Side of Real Estate

Summer is always one of the most popular seasons for real estate. But if you’re planning on buying a home this summer, there are a few things you’ll want to keep in mind.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

More than half of homes sold above asking price in May

Housing Wire

Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin.

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New home sales fall due to low inventory and high prices

Housing Wire

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association.

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NAHB Study Finds Double Sinks & Pantries the Most Popular Kitchen Features

Eyes on Housing

In the recent NAHB study, What Home Buyers Really Want, 2021 Edition, side-by-side double sinks and walk-in pantries ranked as the most popular of 30 listed kitchen features.

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Home prices still rising in Phoenix, Austin, Sacramento

Housing Wire

Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, according to a recent report from Redfin. Home prices in Austin were up 42.4% year over year in May to $470,000, the biggest increase of the 88 largest U.S. metros. Phoenix, with a 33.3%

FHA mortgage insurance removal: Get rid of PMI or MIP

The Mortgage Report

How FHA mortgage insurance premiums work, and how to cancel your monthly MIP. With the right steps, eliminate FHA MIP in 30 days or fewer. FHA Refinance FHA HomeReady Housing Mortgage mortgage rates Refinance

Creating clients for life in a hot purchase market

Housing Wire

Despite rising home prices and a supply crunch , the purchase market is still wildly hot. In light of that, HousingWire sat down with Peter Paglia, Chief Strategy Officer at HomeBinder, to discuss how to create a “Client for Life” in this environment.

Bathroom Design Ideas: What’s Hot Right Now?

Point2Homes

Image: LEKSTOCK 3D / Shutterstock.com. When it comes to home updates that offer a good return on your investment, bathrooms are at the top of the list. But you definitely don’t want to put your money into improvements that are already past their prime.

Stewart Title merges Nevada offices

Housing Wire

Stewart Title continues to tinker with its national footprint. The title giant recently combined its two Northern Nevada divisions – Legacy Division and Western Division.

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RE/MAX CEO on why agents need a data-driven approach to sales

Inman

RE/MAX CEO Adam Contos is betting on data and encouraging all real estate professionals to do the same for a competitive advantage. Data Inman Connect Markets & Economy Select adam contos booj data first Gadberry Group Inman Connect Now inman events re/max

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Closing cost assistance: Where to get it and how it works

The Mortgage Report

Closing costs can take a big bite out of your savings. But there are closing cost assistance programs to help you cover the fees. Learn more here. Buying a home First-Time Home Buyers Mortgage Strategy

Mortgage rates continue to ease despite inflation worries

Inman

Markets concur with the view that inflation increases are temporary, according to a Freddie Mac economist. Markets & Economy Mortgage Select fannie mae federal reserve freddie mac mortgage rates Sam Khater

The No. 1 Reason Homebuyers Are Moving Farther Away From the Big Cities

Realtor.com

Getty Images “I want a longer commute,” said just about nobody ever. However, today’s record-high home prices have led more homebuyers to sacrifice shorter commutes for larger homes at lower prices farther outside of the big cities, according to a recent Realtor.com® survey.

Team structure 101: Breaking down 21 positions

Inman

Every team looks a little different, but here are some positions you might see on a larger (1,000 transactions a year or more) team. If your team is smaller in transaction size or agent count, you can adjust and scale these positions to fit your team size.

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7 Pet-Friendly Features to Look for in Your Next Home

Sotheby's International Real Estate

Houston, Texas | Monica Brashear, Martha Turner Sotheby’s International Realty . One luxury that has skyrocketed in popularity over the last year and a half is pet ownership. Many people have expanded their families with four-legged companions during the pandemic.

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Will people buy homes sight unseen in a post-pandemic market?

Inman

At Inman Connect, realtors Cara Ameer and Gary Gold weighed in on whether they think virtual tours will continue to be enough for homebuyers. Agent Inman Connect Select Technology Uncategorized 3d virtual tour Cara Ameer Gary Gold inman events

Why Is Inventory So Low? Study Cites Decades of Underbuilding as Root Cause

RIS Media

The pandemic has brought to a boil an issue that has been simmering for years, affecting all Americans, but none more than residential real estate professionals. Every week, the lament is louder—there just aren’t enough homes for sale.

‘It’s the repetition that gets results’: Agents share their farming pro tips

Inman

Meetups and mailers are still the backbone of real estate farming, but agents at Inman Connect on Thursday said email is an increasingly powerful tool. Brokerage Inman Connect Select Berkshire Hathaway HomeServices eXp Realty farming inman events jimmy burgess real estate renee funk Tanin Teston

Mortgage and refinance rates today, June 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates moved appreciably higher yesterday, as we repeatedly warned was possible. Indeed, over the last three working days, they’ve risen from their lowest […]. Mortgage Rates Now

Rocket Innovation Studio goes straight to the source for tech talent

Inman

The partnership between Rocket and University of Windsor will introduce coders to Rocket Mortgage and Rocket Homes. Industry News Mortgage Recruiting Select Jasen Sams Jay Farner Rocket Homes Rocket Innovation Studio Rocket Mortgage Rocket Pro Insights University of Windsor Ziad Kobti

Strategies to Kick Procrastination to the Curb

RIS Media

While procrastination is common for most people, it can also be the silent killer to an agent’s brand and bottom line. Putting off important tasks—especially in the current red-hot housing market—can set an agent back with missed opportunities to gain a new client or listing.

Crypto in real estate: How new tech may affect contracts, transactions

Inman

Shortly after facilitating a transaction with cryptocurrency, Propy CEO Natalia Karayaneva discussed the technology's future at Inman Connect. Inman Connect Select Technology bitcoin blockchain Clelia Peters cryptocurrency ethereum inman events Natalia Karayaneva NFt propy

Surviving Soaring Summer Temperatures

RIS Media

TNS)—When the weather is blistering hot, Dr. David Claypool, a Mayo Clinic emergency medicine physician, says you need to listen to your body.

Keller Williams among 9 Florida franchises to partner with Knock

Inman

Nationwide, Knock is now partnered with 215 real estate brokerage firms with 90,000 agents in approximately 4,100 ZIP codes in Arizona, Southern California, Colorado, Florida, Georgia, Minnesota, North Carolina, South Carolina, Tennessee and Texas.

Frank Sinatra’s Swinging Mountain Retreat Returns to the Market at $4.25M

Realtor.com

Silver Screen Collection/Getty Images Buyers are now eager to get away from it all in Frank Sinatra style. They’re flying in on helicopters and private jets to take a look at the legendary entertainer’s custom-built mountain retreat , perched above the Coachella Valley.

Amid inventory crisis, median age of US housing stock is getting older

Inman

In a pair of new studies released Wednesday, NAR and Harvard University are calling on the government to help ease the housing crisis. Agent Markets & Economy MLS & Associations Select affordable housing harvard housing inventory national association of realtors

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