Wed.Jun 16, 2021

US housing market is short 5.5 million homes, NAR says

Housing Wire

The National Association of Realtors says the current state of the housing market is absolutely “dire,” the consequence of a housing shortage 30 years in the making. According to the lobbying group, construction of long-term housing fell 5.5

Don’t Wait To Sell Your House

Keeping Current Matters

We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so.

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Mortgage applications increase as 30-year rate falls

Housing Wire

After three straight weeks of declines , mortgage applications increased 4.2% for the week ending June 11, 2021, according to the latest report from the Mortgage Bankers Association.

Guiding Buyers Through a Historic Real Estate Market

RIS Media

There’s no doubt that the 2021 real estate market is extremely challenging. Demand for housing is through the roof, interest rates are historically low and inventory is still very restricted. Meanwhile, it feels like COVID-19 has turned the entire world upside down.

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.

Homebuilders prepare to restart delayed projects

Housing Wire

Housing starts are inching back up across the country, and a big fall in the price of lumber in recent weeks has housing economists projecting an uptick in activity from homebuilders. Housing starts increased 3.6% in May to a rate of 1.57 million, according to the most recent study from the U.S.

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Fannie Mae, and the housing market’s inflation problem

Housing Wire

Another month of steadily increasing home prices and insatiable demand led Fannie Mae ‘s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Single-Family Starts Steady in May

Eyes on Housing

Housing production was steady in May, although permit issuance weakened as higher costs are deferring and delaying some construction projects. Overall housing starts increased 3.6% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S.

How to get the most out of your HW+ membership

Housing Wire

HW+ offers a variety of member-exclusive benefits that are tailored to what housing professionals need to stay competitive and agile in today’s fast-paced market. To make sure you’re maximizing your HW+ membership, check out the following benefits that come with your membership.

Fed will keep buying mortgage bonds — for now

Inman

Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023. Markets & Economy Mortgage Select federal reserve interest rates Jerome Powell Mike Fratantoni mortgage rates

Title Alliance opens second branch in Washington

Housing Wire

Pennsylvania-based Title Alliance Ltd. has added a second office in Washington, expanding its presence in the Pacific Northwest.

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Real estate shouldn’t ‘rush back to 2019’ as the pandemic winds down

Inman

Industry leaders said Wednesday that real estate, and multiple listing services in particular, have evolved during the pandemic — and will continue to do so in the future.

What your buyers need to know about radon exposure

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: What your buyers need to know about radon exposure.

6 Summer Maintenance Tasks That Could Save You Cash—Have You Done Them All?

Realtor.com

Getty Images After what feels like the longest ever stretch of months stuck indoors, summer—glorious summer—is finally upon us. But before you get too comfy and curl up in a hammock with a delicious blended beverage, know that there are a few things you really should check off your to-do list first.

Root cause of inventory crisis dates back more than a decade: NAR

Inman

The US has been underbuilding for more than a decade, according to a new analysis by the National Association of Realtors. Without a solution, homeownership will become more difficult to obtain. Agent Industry News Select Uncategorized affordability concerns construction industry Inventory crisis

The Best State To Live In Right Now Is a Huge Surprise: Can You Guess?

Realtor.com

Getty Images As COVID-19 restrictions finally ease up, many Americans are reassessing how they want to live their life—and where. So if you’re hankering to move (or wondering how your current digs rank), a new study has some answers.

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JPMorgan Chase commits $400M to affordable housing

Inman

The banking giant will provide low-cost loans, equity and grants for nonprofits and other groups that work with Black and Latino households on affordability issues. Banking & Lending Markets & Economy Mortgage affordable housing eviction Jamie Dimon jpmorgan chase mortgages

Airbnb sees big opportunity with digital nomads

Realty Biz

The shift to remote work during the COVID-19 pandemic has led to some people adopting more nomadic lifestyles, taking advantage of having more freedom to move. That has created a new opportunity for short-term rental providers like Airbnb and Vrbo, and it’s one they don’t intend to let up.

Ryan Schneider shares the blueprint for Realogy’s digital future

Inman

From virtual title closing services and staging to iBuying, Ryan Schneider is banking on Realogy's ability to lead the real estate industry into the digital age.

Inspired by Sacred Geometry, an Octagonal Home in Virginia Is Listed for $2M

Realtor.com

Bryce Scott/ Rapid Imagery A huge, domed home on the market for $2 million stands out in the mountains near Blacksburg, VA.

The future of second-home ownership is bright

Inman

Pacaso co-founder Austin Allison and The Agency CEO Mauricio Umansky talk about the future of second-home ownership as Americans prepare for a new normal.

JT

BubbleInfo

It was Donna’s birthday yesterday – this one is for you honey! Wednesday Rock Blogging

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Opendoor launches in 6 new cities, achieves sales milestone

Inman

In celebration of reaching 100,000 transactions, Opendoor has launched its largest group of new markets yet across the South, Midwest and Southwest. Select Technology eric wu ibuyer ibuying opendoor Opendoor expansion

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Can You Fit?

The Living Room

Some homes can be quirky, and doors are often an interesting feature, but take a look at this unique skinny door to this bedroom! Perhaps this is a weight-loss plan? A conversation piece? A fascination with narrow doors? Either way it made me laugh and appreciate the quirkiness of Portland homes.

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Home sale-leasebacks are surging, but are they good for homeowners?

Inman

Sale-leasebacks can feel like a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors are offering.

Housing supply crisis: NAR insists governments take ‘once-in-a-generation’ action

The American Genius for Real Estate

(POLITICS) After years of sounding the alarm bell regarding housing supply and demand imbalances, NAR is pushing local and federal governments to respond "immediately.".

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Demand for mortgages rebounds after 3 weeks of declines: MBA

Inman

Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association. Markets & Economy Mortgage Joel Kan mortgage bankers association mortgage rates mortgage refinancing

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Mortgage and refinance rates today, June 16, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates moved higher yesterday. But the rise was bigger than looked likely first thing. And they’re now well within the narrow range that’s […]. Mortgage Rates Now

Residential construction rose in May, despite material challenges

Inman

Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the U.S. Census Bureau.

New Beginnings

The Living Room

We met Ben and a funky house in SE Portland with pink and green flamingo carpet. Entering that house felt like a scene out the succinct The Great Gatsby. Although riveting with wonderful views, he decided against it which turned out for the best.

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