Mon.Jul 05, 2021

article thumbnail

Pending home sales crush hopes of forbearance crash bros

Housing Wire

The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same month last year. Of course, last year’s comps should be discounted due to COVID-19. From the National Association of Realtors : “Pending home sales rose 8% in May from the prior month and 13.1% from one year ago.

Sales 491
article thumbnail

How Low Interest Rates Sent Institutions Like Blackrock Into Bidding Wars For Homes

Better Dwelling

About 6 years ago, deep-pocketed investors and institutions gathered at the Megatrends conference. Blackrock CEO Laurance Fink told them something that seemed unconventional in 2015. The two greatest stores of wealth internationally today is [one] contemporary art…,” said the $6 trillion asset manager. “And two… apartments in Manhattan, apartments in Vancouver, [and apartments] in London.” […].

Investor 142
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 5 Hottest Decor Trends of Summer 2021, Revealed

Realtor.com

Colin Price Photography/Houzz Summer is in full swing, and we’ll admit—we’re soaking up every last drop of seasonal bliss by lounging in the sun on some epically fun pool floats , a jumbo tube of SPF 50, and a cooler of Truly hard seltzers within reaching distance. But what if your summer speed is less lazy and more motivated ? If the warm temperatures and long days have inspired you to get busy around the house instead of lazing by the pool, then we’re all for that, too.

Design 136
article thumbnail

Shortages Cause Builders to Raise Prices, Pre-Order Materials

Eye on Housing

Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year. Results from a follow-on NAHB survey show that builders have reacted to the shortages in a variety of ways, most commonly by raising the prices of their homes and.

117
117
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Why More Homebuyers Now Are Turning to This Much Riskier Type of Mortgage

Realtor.com

Getty Images Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of loans that defined that era is staging a comeback. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices.

Mortgages 121
article thumbnail

CMHC’s New Management Moves To Protect Market Share Instead of Borrowers

Better Dwelling

Canada’s state-owned mortgage insurer will be loosening mortgage insurance standards. The Canada Mortgage and Housing Corporation (CMHC) announced they’ll reverse some pandemic measures. They tightened the borrower criteria for insurance at the beginning of the outbreak. Unfortunately, it did little but lost the agency market share. Their competition was more than happy to pick up […].

Marketing 106

More Trending

article thumbnail

I’m just not impressed by the ridiculous glorification of over-scheduling your life

The American Genius for Real Estate

(OPINION) It’s not a badge of honor to keep your calendar so full that you can’t enjoy life. Let's discuss and see if I can change your mind about your scheduling. The post I’m just not impressed by the ridiculous glorification of over-scheduling your life appeared first on The American Genius Real Estate.

105
105
article thumbnail

Mortgage servicers brace themselves as forbearance programs edge towards expiration

Realty Biz

Mortgage servicers are preparing for a wave of delinquent mortgages and possible foreclosures to hit the market, but say they have already taken steps to mitigate their impact. The U.S. government made mortgage forbearance available to any home loan borrowers in the early days of the COVID-19 pandemic, and those who took up the option then are now entering their last possible quarter of relief.

Mortgages 104
article thumbnail

What Is the Ideal Credit Score to Secure a Mortgage?

Point2Homes

Image: Olivier Le Moal / Shutterstock.com. Buying a home is certainly exciting, but there are many aspects to consider as you begin to get the ball rolling. One thing that is important from the get-go is your credit score. This can make or break your dreams of homeownership, so it’s important to understand just what is the ideal credit score you need to secure a mortgage.

FHA loan 103
article thumbnail

Ask Brian: How Can I Remodel My Kitchen on a Budget?

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Donna in NC: Hi Brian. I just read your column about FHA 203(k) renovation loans for run-down houses. I wish I had known about those before we bought our home nine months ago.

Design 101
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

NAR Claps Back at DOJ Settlement Withdrawal

RIS Media

An antitrust lawsuit against the National Association of REALTORS® (NAR) had been seemingly settled. Now, the Department of Justice (DOJ) has withdrawn their agreement. A spokesperson from NAR called the withdrawal a “complete, unprecedented breach of agreement by the Department of Justice,” adding that the settlement had been negotiated and approved by the head of the Antitrust Division.

article thumbnail

Clematis Summertime Show – West Palm Beach

Waterfront Properties

Downtown West Palm Beachs Clematis Street interactive fountains summer show will run between July 8 – August 29, 2021. For over 25 years, the Centennial Fountains at Centennial Square has been an iconic landmark. It is a place for the community to gather, for interactive play, for the young and young at heart to cool off and splash around. Warm summer nights are much cooler with this energetic, supersized fountain show.

98
article thumbnail

Hey, Alexa: Which Tech Tools Should I Adopt This Year?

RIS Media

There is an overwhelming number of tech resources an agent team can use to support their business; however, when every tool claims to be essential, it’s hard to know which ones to use. Luckily, we’re here to tell you that choosing the right technology is about these fundamental functions: online presence, customer relationship management and email marketing.

article thumbnail

Junior Marinelife Researcher Program – Juno Beach

Waterfront Properties

Loggerhead Marinelife Center, 14200 US Highway One in Juno Beach is offering an opportunity for kids interested in saving turtles to become a junior researcher. Youngsters can participate in a FREE program learn what marine researchers do and how they help sea turtles and hatchlings at Loggerhead Marinelife Center. Children ages 5-12 can learn all about the marvelous world of turtles.

98
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Real Estate Teams: Tracking Makes Your World Go ‘Round

RIS Media

Are you making a healthy income but working well over 40 hours a week to make it happen? “This wasn’t how it was supposed to be,” you say as you spend most of your nights on the computer, away from your family. Maybe you have help at the office, but it still doesn’t seem like enough. You might be getting close to your breaking point. You may already be doing the right things, but without tracking and systems behind you, you’re missing out on potential income you could be making without put

Closing 98
article thumbnail

Why Waterfront Properties Can Be an Excellent Investment

Realty Biz

Whether you’re buying a family home, a holiday home, or an investment property, you’re most likely thinking about its value now and into the future. This train of thought may even play a part in which property you buy and where it’s located. However, if you’re not quite sure where to begin on your property purchasing journey and you want to make a wise investment decision, consider starting with waterfront properties.

As-is 97
article thumbnail

BHGRE® Expands in Long Island With New Affiliate

RIS Media

Former EXIT Realty Dreams, based in Massapequa, New York, has affiliated with Better Homes and Gardens Real Estate® (BHGRE®). The company will now be known as Better Homes and Gardens Real Estate Dream Properties. Founded in 2016, the boutique brokerage is led by Aret Kayserilioglu and Fred Bollinger, both experienced and accomplished entrepreneurs in various industries including restaurant, retail and real estate.

article thumbnail

Don’t just survive: How to find mental toughness and thrive

The American Genius for Real Estate

(OPINION EDITORIAL) Strength training doesn't just pertain to muscles and weight lifting but also to mentality and brain training. The post Don’t just survive: How to find mental toughness and thrive appeared first on The American Genius Real Estate.

92
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

FHFA Doubles Down on Fair Lending

RIS Media

The Federal Housing Finance Agency (FHFA) issued a policy statement on fair lending , communicating FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks. What this means: These guidelines will provide a foundation for expanding FHFA’s fair lending practices, helping to monitor fair lending laws through information gathering, supervisory examinations and administrative enforcement.

Lending 92
article thumbnail

Warehouse demand grows rapidly as online commerce explodes

Realty Biz

The ongoing COVID-19 pandemic has led to massive demand for warehouse space as e-commerce firms ramp up their operations in a bid to deliver their products to consumers faster. That’s according to the latest Industrial Tenant Demand Study from commercial real estate services firm Jones Lang LaSalle IP, Inc. , which forecast that demand for logistics facilities this year to store inventory, pack and ship online orders will be the highest on record.

article thumbnail

7 tips for winning in a multiple offer situation

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: 7 tips for winning in a multiple offer situation. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. How can you win the bid on a property with multiple offers?

Agents 82
article thumbnail

What is the Best Investment Choice - House or Unit?

Real Estate Investar

When it comes to investing in real estate, there are a number of tough decisions which need to be made. Like all decisions, each option will come with its own advantages and disadvantages. One of the biggest decisions you will make as an investor, is choosing whether the type of property you want to invest in: a house, or a unit, or perhaps even a townhouse.

article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

Make Your Interior Lighter and Brighter for Summer

American Lifestyle

The post Make Your Interior Lighter and Brighter for Summer appeared first on American Lifestyle Magazine.

Design 102
article thumbnail

Ottawa Realtors urge municipality to address senior housing issues

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Ottawa Realtors urge municipality to address senior housing issues. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There’s an urgent need for affordable and attainable housing options for seniors in the Ottawa area, according to new surveys of Ottawa residents and Realtors.

76
article thumbnail

Why More Homebuyers Now Are Turning to This Much Riskier Type of Mortgage

Realtor.com

Getty Images Mortgage payments that grew more expensive over time were one of the main culprits of the housing bust that led to a worldwide, financial disaster in the mid-2000s. And now one of the types of loans that defined that era is staging a comeback. More homebuyers are choosing adjustable-rate mortgages, which offer lower monthly payments initially, to contend with record-high home prices.

article thumbnail

Hamilton agents report stolen and vandalized lockboxes

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Hamilton agents report stolen and vandalized lockboxes. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Hamilton sales rep Cindy Cloutier said a spokesperson with the condominium corporation told her that lockbox theft is happening “all over the city right now.”.

Agents 67
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

article thumbnail

The 5 Hottest Decor Trends of Summer 2021, Revealed

Realtor.com

Colin Price Photography/Houzz Summer is in full swing, and we’ll admit—we’re soaking up every last drop of seasonal bliss by lounging in the sun on some epically fun pool floats , a jumbo tube of SPF 50, and a cooler of Truly hard seltzers within reaching distance. But what if your summer speed is less lazy and more motivated ? If the warm temperatures and long days have inspired you to get busy around the house instead of lazing by the pool, then we’re all for that, too.

Design 55
article thumbnail

Set Yourself Up for Financial Success as a Young Homeowner

Louisville Homes

Being a young homeowner is an accomplishment to celebrate. It can save you money in the long term and limit the stress that comes with apartment living. However, while owning a home is almost always a great investment, you should continue to make smart choices to ensure you’re ready for retirement. In this article, we outline three ways you can foster healthy finances for yourself as a young homeowner. 1.

Equity 52
article thumbnail

Director Anthony Russo Sells Blockbuster Estate in Pasadena for $6.25M

Realtor.com

Valerie Macon/AFP/Getty The co-director of “Avengers: Endgame,” Anthony Russo , has moved into an endgame for his Pasadena property. He just sold one of his mansions for $6.25 million, the Los Angeles Times reported. Known as the Cordelia Culbertson house, the 110-year-old residence initially landed on the market in September 2020 for $6.25 million.

Land 55
article thumbnail

Ranking the 15 Best Luxury Pads from ‘The World’s Most Amazing Vacation Rentals’

Fancy Pants Homes

If you’ve been anxiously waiting for travel to resume so you can discover new, amazing places, you’re not alone. After a homebound 2020 and an equally rocky start to 2021, people all over the world are excited to start travelling the world and experience new cultures, great food, and amazing places. And Netflix found a way to guide enthusiastic travelers (or at least help us experience new destinations from the comfort of our own couches), launching a brand new show that takes us on

Design 52
article thumbnail

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

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.