What Does an Economic Slowdown Mean for the Housing Market?
Keeping Current Matters
JULY 7, 2022
According to a recent survey, more and more Americans are concerned about a possible recession.
Keeping Current Matters
JULY 7, 2022
According to a recent survey, more and more Americans are concerned about a possible recession.
Housing Wire
JULY 7, 2022
Roughly eight in 10 consumers participating in a recent survey are frustrated with the housing market, inflation and the increasingly worsening economy — reflecting record-setting dissatisfaction from respondents of Fannie Mae ‘s Home Purchase Sentiment Index (HPSI). The index, which tracks consumer confidence in the housing market, fell 3.4 points from May to June, dropping to 64.8 — its second-lowest reading in a decade.
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Fancy Pants Homes
JULY 7, 2022
When it comes to Hollywood power couples , it doesn’t get much more famous than Chrissy Teigen and John Legend. Married since 2013, the Sports Illustrated swimsuit model-turned-cookbook-author and the EGOT-winner both have impressive resumes — and they’ve added savvy real estate buyers to their credentials. . As proud owners of a custom-built, 6-bedroom mansion in Beverly Hills, the A-listers are finally feeling settled in their new home, and have spoken publicly about their ne
Housing Wire
JULY 7, 2022
Purchase mortgage rates this week continued their recent downward trend, dropping 40 basis points to 5.30%, according to the latest Freddie Mac PMMS Index. A year ago at this time, 30-year fixed rate purchase rates were at 2.90%. The PMMS, a government-sponsored enterprise index, accounts solely for purchase mortgages reported by lenders during the past three days.
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Realty Biz
JULY 7, 2022
Real estate technology will inevitably change the way you run your business. Times have changed and so have the real estate technology tools that agents use to communicate with potential clients, generate leads, and keep their business afloat. No matter if you’re an experienced agent or just starting out, there are apps that can make your life easier as a real estate agent.
Housing Wire
JULY 7, 2022
Enact Holdings Inc., the holding company for Enact Mortgage Insurance Co. , has inked a deal with five lenders that have agreed to extend a $200 million revolving line of credit to the company. The credit facility will be used for working capital and other corporate purposes as well as for capital contributions to its insurance subsidiaries. Enact (Nasdaq: ACT), formerly known as Genworth Mortgage Insurance Corp., announced the new five-year credit facility in a filing with the U.S.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 7, 2022
We are in a unique moment in the history of housing. With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market.
Realtor.com
JULY 7, 2022
You signed what seems like hundreds of papers. You’re holding the keys to your new home. The door is open—and now it gets real. Being a homeowner isn’t just a title—it’s also a responsibility, and there are a few new habits you’ll need to develop to keep your home in tip-top shape. Don’t be intimidated, though. The benefit of creating and staying on top of a few key habits means that the work will never feel overwhelming.
Realty Biz
JULY 7, 2022
With interest rates and inflation both on the rise, the US housing market has recently taken a hit. In fact, the cost of buying a home jumped more than 20% this April compared to the same month in 2021. It’s no secret that in recent yes, the real estate market has become increasingly more unstable than it usually is. Home prices have fluctuated wildly, and there have been a number of high-profile housing bubbles that have eventually burst, causing economic damage. .
BubbleInfo
JULY 7, 2022
Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly – only one took as long as ten days! Paid Over List: 21 of 28 paid over the […].
Advertiser: Trellis
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.
RISMedia
JULY 7, 2022
By Brooke Chaplan There are several tasks to take care of before putting your home on the market. For example, you need to take the time to boost your curb appeal. After all, you want to make a good impression on your potential buyers. If they arrive at your home and notice an unsightly exterior, […]. The post How to Improve Your Home’s Exterior Before Listing appeared first on RISMedia's Housecall.
Real Trends
JULY 7, 2022
Following a two-year draught in housing inventory, the housing market is showing signs of replenishment, according to data published by Realtor.com. The week ending July 2 saw the rate of new listings increase by 8% year-over-year. The rate of active inventory rose 29% above last year’s rate. An increase in home listings is partially being driven by higher interest rates, which are discouraging potential buyers, Danielle Hale, chief economist at Realtor.com, said in a statement.
The Mortgage Report
JULY 7, 2022
Today’s mortgage and refinance rates Average mortgage rates rose appreciably yesterday. They’d started that morning barely moving. But, within an hour of my posting my prediction, they started moving quickly […].
Eye on Housing
JULY 7, 2022
The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013. The average time to build multifamily homes varies with the number of units in.
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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
JULY 7, 2022
In the News Suing New York, Over and Over, for Transgender Rights [NYT] EDC Underreported Cost of Ferry System by $224 Million [Eagle] Key Red Hook Industrial Site Sells Full Square Block for $10 Million [Eagle] Brooklyn Nonprofits Tackle Drug Use With Innovative Models [BK Reader] The Ideal Living Situation in Brooklyn? ‘Fuggetaboutit!’ Tenants Say… Read More > The post Daily Links: Still Desperate for Lifeguards, City Ups Starting Pay to Hire More People appeared first on Brownstoner
Realty Biz
JULY 7, 2022
The mattress that you choose has a huge impact on the quality of comfort you experience when you sleep, which is why selecting a mattress that provides you with all the support you need is essential. The type of mattress you choose to sleep on is mostly based on personal preference, so how are you meant to choose the perfect mattress for a guest room ?
Brownstoner
JULY 7, 2022
When interior designer Crystal Sinclair's clients purchased a three-story Brooklyn row house a few years back, it had already undergone a major renovation, including new steel and glass rear walls on the garden and parlor levels. Then the homeowners found themselves having to live in another part of the country… Read More > The post The Insider: Layout Tweaks, All-New Decor Bring Creative Flair to South Slope Row House appeared first on Brownstoner.
Realtor.com
JULY 7, 2022
If you’re preparing for a move, you deserve advice and support that’s customized to your situation. Why? Because taking care of the “little” details can make a big difference when it comes to boosting your pre-move peace of mind. The average American moves nearly one dozen times in their life—and it’s all-but-guaranteed that each of those times will feel like a unique experience.
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.
BubbleInfo
JULY 7, 2022
The number of detached-home listings between La Jolla and Carlsbad has plummeted this year, compared to previous years. We saw the June counts (included again here), but how does the overall count look for the first six months of 2022? NSDCC Listings, First Half of the Year Year # of Listing, Jan-Jun Median LP Median […].
Sotheby's International Real Estate
JULY 7, 2022
From a remarkable waterfront home in Washington to a historic castle in France, these are this month’s four featured notable properties for sale over $12 million. Hunt’s Point, Washington. Gray Team, Realogics Sotheby’s International Realty . An unparalleled east-facing estate nestled on the shores of Hunts Point awaits the vision of its next steward.
Tom Ferry
JULY 7, 2022
We’re already in Q3, which means it is the time to do your self-audit and ask: What did I do that worked? What didn’t work? Is there anything I’m missing? Am I making my calls? How’s my social media? Are my presentations as strong as they can be? But here are three other questions I […]. The post What This Year’s Summit Means for Your Playbook (and Everyone Else’s Too) appeared first on Tom Ferry.
Mashvisor
JULY 7, 2022
A career in real estate is worth looking into. Those who are looking for the best real estate jobs that pay well just need to know where to look.
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.
Redfin
JULY 7, 2022
For many first time renters and seasoned renters alike, designing your apartment or rental home is the way to put your stamp on the place. Whether that’s through meaningful art, choosing a color scheme, or just buying your first set of dishes, furnishing your own space can turn a new apartment into a “home.” However, there are apartments that don’t require any design skills and are move-in ready.
Brownstoner
JULY 7, 2022
Family-sized apartments are hard to come by in Brooklyn, but this one would seem to fit the bill, with a flexible layout allowing for two or three bedrooms, at least. It also has high ceilings, numerous original details and modern updates, including laundry and a dishwasher. It's located on the second… Read More > The post Family-Sized Park Slope Apartment With Mantels, Pocket Doors, Six Closets Wants $5,500 appeared first on Brownstoner.
Real Trends
JULY 7, 2022
Embattled digital mortgage lender and real estate company Better.com named eight new executives to its C-Suite this week. Sushil Sharma was named as the company’s first chief growth officer and Steve Riddell as Better’s new head of sales, the firm, which laid off thousands of workers in recent months, said. Sharma brings more than 20 years of experience in product management and software engineering.
Hank Miller Team
JULY 7, 2022
The great Atlanta real estate market adjustment of 2022 is upon us. As everything shifts, the main players are whispering around the water cooler.will low appraisals be a problem now? Probably not a bad question as the changes in quarter 2 of 2022 were dramatic, As the Fed fights rampant inflation, buyers are faced with dramatic rate increases and sellers with a comparative lack of activity.
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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.
Louisville Homes
JULY 7, 2022
A landlord needs to do more than approve leases and collect rents once per month. Landlords are responsible for maintaining the rented premises and ensuring a reasonable level of safety for renters and their visitors. But what does this entail? Read on to learn about Kentucky landlords’ preventive maintenance responsibilities. Rental properties need preventative maintenance just like your own home.
Lab Coat Agents
JULY 7, 2022
A social media manager can be a valuable member of your company. Having that person on your team can help you in various ways, including freeing up your valuable time as a team leader and increasing your company’s online presence. Here are six reasons why you should hire a professional social media manager for your team: 1. You’ll have more time to focus on other projects.
Swiftlane
JULY 7, 2022
Are you looking for the best apartment security system? The world of apartment security systems is fast evolving. As an apartment access and video intercom company, we live and breathe security systems. We have put together a comprehensive guide to help you with your decisions. You can jump straight to a sub section based on […].
Redfin
JULY 7, 2022
Pennsylvania, also known as the Keystone State, is one of the most populous states in the US. It’s the 33rd largest state by land area and has a population of over 12 million people. Pennsylvania offers both big city living and small-town charm, and with its location, residents can travel to surrounding states like New York in no time. From the bustling metropolis of Philadelphia to the scenic farmlands of Lancaster , it has something for everyone.
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.
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