The Cost of Waiting for Mortgage Rates To Go Down
Keeping Current Matters
OCTOBER 4, 2022
Mortgage rates have increased significantly in recent weeks.
Keeping Current Matters
OCTOBER 4, 2022
Mortgage rates have increased significantly in recent weeks.
Housing Wire
OCTOBER 4, 2022
Even as home prices continued to post strong year-over-year growth in August, rising 13.5% for the 127th consecutive month of annual gains, CoreLogic is predicting much smaller yearly home price growth moving forward. August’s double-digit yearly increase is the lowest year-over-year appreciation since April 2021 and it marks the fourth straight month of slowing price growth , according to the data and analytics firm’s Home Price Insights report published on Tuesday.
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The Close
OCTOBER 4, 2022
According to the National Association of Realtors (NAR) research, the median agent tenure at a brokerage is five years (even less in the COVID era), so it’s likely that at some point in your career, you’ll consider making a switch. But how do you decide which company is best for you? Through research and interviews, we evaluated dozens of real estate companies based on the criteria that matter most to you.
Housing Wire
OCTOBER 4, 2022
The Bipartisan Policy Center (BPC) has proposed a new piece of legislation that it says could not only address broad housing affordability issues, but might be supported by both major political parties. The proposed legislation, dubbed the “ American Housing Act of 2023 ,” is based on three key goals: to increase the production of affordable housing; to preserve existing affordable housing stock; and to help families find and afford housing they can feasibly acquire.
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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.
Maximum Exposure Real Estate
OCTOBER 4, 2022
How a Home Viewing Can Make or Break House Sales Do you know how a home showing works? House viewings start a buyer becoming interested enough to make an offer on your place. Showing a house is one of the primary functions of a buyer’s agent. It would help if you strived to make the […]. The post Home Showing: Best House Viewing Tips For Selling a House appeared first on Maximum Real Estate Exposure.
Housing Wire
OCTOBER 4, 2022
Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. The Philadelphia-based firm said that the integration will allow all users of LodeStar’s closing fee calculator to access the title and settlement fees of any Stewart -related company, including those of independent title agencies issuing Stewart policies.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 4, 2022
Even with a sharp rise in interest rates toward the end of the second quarter, the title insurance industry still recorded a relatively strong fiscal quarter, according to the American Land Title Association’s Market Share Analysis. During Q2 2022, ALTA recorded $6.21 billion in title insurance premium volume, only slightly down from the $6.54 billion recorded a year ago.
Eye on Housing
OCTOBER 4, 2022
Private residential construction spending declined 0.9% in August, as single-family construction spending slid amid surging mortgage rates. Private residential construction spending declined for the third consecutive month, standing at an annual pace of $921.9 billion, according to NAHB’s analysis of the Census Construction Spending data. However, this spending category was 12.5% higher year-over-year.
Housing Wire
OCTOBER 4, 2022
Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. But these industry veterans didn’t fall into these roles overnight. The vast majority of them have carved unique paths for themselves, picking up invaluable knowledge along the way to help them better strategize and lead their organizations.
Eye on Housing
OCTOBER 4, 2022
The count of open, unfilled jobs for the overall economy fell 10% in August, declining from almost 11.2 million to 10.05 million. The decline for open jobs reflects the beginnings of a labor market retreat as the economy slows due to aggressive tightening of monetary policy by the Fed.
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
OCTOBER 4, 2022
The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to Mary Ann McGarry, Guild Mortgage’s chief executive officer. Meanwhile, McGarry said Guild is well positioned to acquire these assets but will be very patient in closing a deal. “Think of 2020 and 2021.
Realty Biz
OCTOBER 4, 2022
Engel & Völkers of East Greenwich announced today that Vickie Pizzarelli has joined its brokerage as a real estate advisor, where she specializes in new construction, residential sales, foreclosures, and short sales. Vickie brings more than 30 years of leadership experience to this new role, and she has consistently been a top performer in the industry.
Housing Wire
OCTOBER 4, 2022
The Federal Housing Administration (FHA) expects to issue in the next 90 days a request for information from the public to update its 203K program , a step to address the current affordability crisis by boosting the supply of homes. “We’re looking at revamping the 203k program,” Julienne Joseph, deputy assistant secretary in the Office of Single-Family Housing for FHA at the U.S.
Bigger Pockets
OCTOBER 4, 2022
We are in a housing correction. It remains to be seen what this means for prices in the national housing market, but some trends are becoming clear. We can gather […].
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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
OCTOBER 4, 2022
Due to heavy financial losses and shrinking production, loanDepot has reduced its funding capacity by $1 billion, laid off thousands of workers and exited the wholesale lending business. But that hasn’t stopped the nonbank lender from issuing pay raises to its top executives. In a filing submitted to the Securities and Exchange Commission last week, loanDepot revealed that it agreed to pay chief revenue officer and senior executive vice president Jeff Walsh a base salary of $750,000, above
Bigger Pockets
OCTOBER 4, 2022
Mortgage rates briefly rose above 7% on 30-year fixed rate products for the first time since 2002 last week before receding down about 20 basis points to 6.8%, according to Mortgage […].
Housing Wire
OCTOBER 4, 2022
The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. The Department of Housing and Urban Development (HUD) back in April said it would be taking a hard look at small balance mortgages, which typically have balances less than $200,000 and are hard to find.
McKissock
OCTOBER 4, 2022
If you are considering a career in the appraisal field , you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. The exact answer will vary due to a number of factors, including what state you live in. Here is some information to help answer the frequently asked question, “How long does it take to become an appraiser?
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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.
Bigger Pockets
OCTOBER 4, 2022
After a strong housing market runup, the Federal Reserve is looking to tame this economic beast with yet another rate hike. Most investors see now as a time to take […].
BubbleInfo
OCTOBER 4, 2022
It was back when some homeowners had little equity that my favorite seller quote became a t-shirt legend. But we still hear it today – when it comes to price, home sellers regularly say, “I’m Not Giving It Away!” Their equity positions used to be pennies, compared to today. Back in 2009, there were plenty […].
Sotheby's International Real Estate
OCTOBER 4, 2022
If the backdrop of the towering Santa Ynez Mountains and the majestic Pacific Ocean weren’t an immediate—and captivating—giveaway of this estate’s whereabouts, it might easily be mistaken for a secure, secluded resort or private compound in the Italian countryside. Rather, this lavish 10,999-square-foot palazzo on some 12.5 impeccably manicured and gated acres is a dazzling stateside example of Tuscan architecture that is the work of esteemed Southern California architect Don Nulty.
Realty Biz
OCTOBER 4, 2022
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 Howard in NV: Hi Brian, I have a duplex and four rental houses, and I’ve been an active landlord for 16 years. I think I do a rather good job of screening tenants and seldom have a problem with late rent payments.
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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.
Real Estate Investar
OCTOBER 4, 2022
A great property manager is an important asset in your property investing team. When people invest in property, one of their main concerns is normally how they are going to manage tenants and ongoing maintenance issues.
RISMedia
OCTOBER 4, 2022
By Emma Sturgis A lot of people like the idea of living in an old home. There's something charming and quaint about it. But there are also some drawbacks. For one thing, old homes often don't have a lot of the features and amenities that people have come to expect in a modern home. Here […]. The post Live in an Old Home? Here’s 3 Upgrades You’ll Want to Make Happen appeared first on RISMedia's Housecall.
Brownstoner
OCTOBER 4, 2022
This week, a look back at four of our featured listings from six months ago focuses on homes in Park Slope, Bed Stuy, Ditmas Park and Carroll Gardens. How did they fare? In Park Slope, a two-bedroom co-op in a 19th century townhouse has a front-facing balcony with views of Prospect… Read More > The post Brooklyn Real Estate Listings Six Months Later: All Four Sold appeared first on Brownstoner.
Redfin
OCTOBER 4, 2022
Your bedroom should be your oasis, a haven from the hustle and bustle of everyday life. It should be a space where you can relax and rejuvenate, an area that reflects your personal style. Whether you’re looking to create a tranquil retreat in an apartment in Nashville, TN, or a cozy and inviting space in a home in Austin, TX, there are endless possibilities for a diy bedroom makeover on a budget.
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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.
Brownstoner
OCTOBER 4, 2022
You can roam the atmospheric streets of Red Hook and get a look at the creative process with the return of an annual event that has artists and makers throwing open their studio doors. Red Hook Open Studios takes place this weekend and roughly 150 artists will be participating in… Read More > The post Artists and Makers Show Off Their Work This Weekend at the Annual Red Hook Open Studios appeared first on Brownstoner.
Sotheby's International Real Estate
OCTOBER 4, 2022
Across eras and continents, certain styles of home are considered classic, boasting an appeal that’s both long lasting and highly coveted. Many properties that adhere to a traditional style are bound by specific aesthetic or architectural parameters. But occasionally, a home is built or renovated in such a way that it preserves all the charm of its traditional style, while also breaking with that tradition in unique and unexpected ways. .
Brownstoner
OCTOBER 4, 2022
With a wraparound porch from which to admire the leafy surroundings, this Colonial Revival standalone offers some curb appeal along with some period details on the interior and plenty of bedroom space. In the Flatbush micronabe of Beverly Square West, 293 Rugby Road also has off street parking. Beverley Square… Read More > The post Beverly Square West Standalone With Mantel, Sleeping Porch, Parking Asks $2.6 Million appeared first on Brownstoner.
Real Trends
OCTOBER 4, 2022
Homebuyers and sellers are inundated daily with news of interest rate hikes , falling home prices and slowing home sales, leaving them wondering what it all means for their plans. . That’s where your expertise and knowledge can create credibility with nervous clients and help you build your brand as a trusted agent who knows what’s happening as the real estate market shifts dramatically.
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