Housing Wire
SEPTEMBER 22, 2022
Today the National Association of Realtors reported that existing home sales fell once again to 4.80 million. Even though this was a beat of estimates, the sales decline trend due to higher mortgage rates and home prices continues. The savagely unhealthy housing market theme of mine is running in full force now as we have gotten no relief on home prices and now have a mega jump in mortgage rates. .
Keeping Current Matters
SEPTEMBER 22, 2022
Experts are starting to make their 2023 home price forecasts.
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Housing Wire
SEPTEMBER 22, 2022
Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation.
GeekEstate
SEPTEMBER 22, 2022
[Editor’s note: Originally published in the GEM as a Weekly Radar entry.]. SYMBiHOM is a company in the Bay area that designs prefabricated garage to ADU conversionprefab kits that take less than 4 weeks to install. Based on the garage dimensions, ADUs can be a studio, 1-bedroom, or 2-bedroom living unit with a full bathroom and kitchen. The solution increases workforce housing, homeowner income, multifamily living and aging in place with income.
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Housing Wire
SEPTEMBER 22, 2022
Economists at Fannie Mae say the Federal Reserve ‘s fiscal policy is having its desired effect on the housing market – home price growth began to slow in the summer, and the GSE says the housing slowdown will continue through 2023. The agency’s Economic and Strategic Research (ESR) Group forecasts the total home sales to decline 17.2% to 5.71 million units this year from 2021, a further downward revision from August’s projected 16.2% drop. .
Eye on Housing
SEPTEMBER 22, 2022
The latest results from the Federal Reserve’s Z.1 Financial Accounts of the United States, i.e., the Flow of Funds, show that in the second quarter of 2022, growth of the market value of all owner-occupied real estate in the United States slowed after showed the largest year-over-year percentage gain since 2001 the prior quarter. The market value of owner-occupied real.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
GeekEstate
SEPTEMBER 22, 2022
In this week’s founder interview, we’re bringing you Dalip Jaggi from Revive. Without further ado…. Who are you and what do you do? Hey, I’m Dalip! I’m the co-founder of Revive Real Estate – a real estate solutions company that is focused on ways to help homeowners maximize the value of their home equity. This is really just a fancy way of saying, I like to help homeowners be smart in their real estate decisions so that they can build better futures for themselves and the
Housing Wire
SEPTEMBER 22, 2022
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 3%-3.25%, bringing it back to a level last seen in March 2008. The decision was expected by most Fed observers , and comes as mortgage lenders and real estate brokerages struggle to adjust to a Fed-driven slowdown of the housing market. . According to the Federal Open Market Committee (FOMC) statement, although recent indicators point to modest growth in spending and production, job gains have b
Eye on Housing
SEPTEMBER 22, 2022
Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 3.25%. This marks the third consecutive meeting with an increase of 75 basis points. These supersized hikes are intended to move monetary policy.
Housing Wire
SEPTEMBER 22, 2022
New York-based Unlock Technologies , a fintech operating in the shared-equity market, and real estate investment firm Saluda Grade , have closed a $180 million private-label securitization (PLS) backed entirely by Unlock-originated residential home-equity agreements (HEAs). The PLS transaction, called UNLOK 2022-1, involves $144 million of unrated senior Class A notes, $18 million of mezzanine Class B securities and $18 million of mezzanine Class C securities.
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Eye on Housing
SEPTEMBER 22, 2022
As elevated mortgage rates and higher home prices continue to price out homebuyers and reduce affordability, existing home sales declined for seven consecutive months in August, according to the National Association of Realtors (NAR). All four regions saw double-digit declines for sales from a year ago. Additionally, home price appreciation slowed for the second month after reaching a record high.
Housing Wire
SEPTEMBER 22, 2022
Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear.
Easy Agent Pro
SEPTEMBER 22, 2022
3 Best Real Geeks Alternatives (In-Depth Look). Lead generation is the crux of any real estate investment process. This process benefits from tools that make maintaining customer relationships easy. Real Geeks is a straightforward real estate and marketing site that provides much-needed solutions to real estate professionals. The platform helps agents and investors generate leads, boost inbound traffic, and track and convert relationships.
Housing Wire
SEPTEMBER 22, 2022
Haley Parker is the area business development manager at Fairway Independent Mortgage Corporation. She sat down with HousingWire to share her excitement for the upcoming HousingWire Annual conference and her role on the welcome committee. HousingWire: What are you most looking forward to at HW Annual 2022? Haley Parker: Networking and connecting with Industry friends!
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BubbleInfo
SEPTEMBER 22, 2022
The over-bidding is winding down to more manageable levels as just 24% of August buyers were willing to pay over the list price. As usual, the $1,000,000 to $2,000,000 range was the most active, where inventory is low and the number of quality homes for sale even lower: The number of sales in August were […].
Housing Wire
SEPTEMBER 22, 2022
Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. over the next 20 years. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states.
BubbleInfo
SEPTEMBER 22, 2022
No surprise that our new listing found a buyer already. The one-story homes with all the extras are probably the most attractive buys in the marketplace, and anyone can sell these – it’s just a matter of who can get what price. I had 200+ people attend the open houses last weekend – and at […].
Lighter Side of Real Estate
SEPTEMBER 22, 2022
Running late for an appointment can happen to even the most timely person. For instance, who hasn’t gotten stuck in traffic at some point in their life?! Something like that is a legitimate excuse that you can’t predict or avoid, unless you always leave ridiculously early just to make sure you don’t! Which is why real estate agents totally understand if you’re running a few minutes behind to meet them.
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
SEPTEMBER 22, 2022
The Fed raises their rate by 0.75%, and what happens? That’s right, the conforming 30-year fixed rate went down this afternoon. Chairman Powell said again that intends to cause a reset in the real estate market, but our rates really shouldn’t go up much the rest of the year because at least 1% is already […].
The Close
SEPTEMBER 22, 2022
When it comes to sending real estate thank-you notes to clients, there are two schools of thought: Some agents never send them with the view that clients should be thanking THEM. Smarter agents ALWAYS send thank-you notes to buyers and sellers. Why? They understand that making a personal connection after closing a deal is crucial to establishing enduring client relationships.
The American Genius for Real Estate
SEPTEMBER 22, 2022
Existing home sales fell slightly for the month, but dramatically annually, and prices are up. Current conditions remain restrictive for first time buyers.
HomeLight
SEPTEMBER 22, 2022
The U.S. housing market is undergoing a rebalancing. Visit HomeLight’s 2022 Housing Trends Hub for information on how to navigate a shifting market — whether you’re a seller, buyer, or homeowner. If you’ve been monitoring the news lately, you’re probably well aware of the “two I’s” that have been dominating the financial headlines: inflation and interest rates.
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.
Bigger Pockets
SEPTEMBER 22, 2022
Having an occupied property rented substantially below market price is a problem that’s afflicted many real estate investors. Every month a property is rented below market rate is lost money […].
HomeLight
SEPTEMBER 22, 2022
Appraisers and real estate agents have a love/hate relationship. Of course, we love them when the home value appraises at or above our client’s sales price, and not so much when it doesn’t. Am I right? Or am I right? For some agents as well as homeowners, appraisals are a bit of a mystery. How exactly did the appraiser get to that number anyway? This week on The Walkthrough , we talk to an appraiser who dispels some of the myths about how appraisers assess home value and reveals exactly what he
Realty Biz
SEPTEMBER 22, 2022
According to Sprout Social , as of January 2022, there are 3.96 billion total social media users across all platforms. The average person bounces between seven different social networks per month. The amount of time adults use social media across all platforms is now higher than ever — 95 minutes per day. TikTok is the fastest-growing social network, with a staggering 105% user growth rate in the US over the past two years.
Bigger Pockets
SEPTEMBER 22, 2022
Short-term rental arbitrage seems like an elusive concept. As a real estate investor, it can be a little hard to wrap your head around it. You lease a property, rent […].
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Brownstoner
SEPTEMBER 22, 2022
A new group has formed in Dumbo with the mission of bringing two electric-battery powered trolleys to the neighborhood's historic train lines. Friends of DUMBO Trolley Restoration wants the tracks to be brought back to functionality, saying on its website an electric public transit option would improve air quality, transportation… Read More > The post New Group Wants to Bring Electric Commuter Trolleys to Historic Dumbo Rail Tracks appeared first on Brownstoner.
RISMedia
SEPTEMBER 22, 2022
By Brentnie Daggett, Rentec Direct Electric vehicles (EVs) and hybrid-electric vehicles (HEVs) are gaining popularity across the globe—in the U.S., with EV sales nearly doubling from 2020 to 2021 and HEV sales up even more. If you’re considering adding an electric vehicle to your fleet, there are a few things to consider when it comes […]. The post Understanding At-Home Electric Vehicle Charging appeared first on RISMedia's Housecall.
Brownstoner
SEPTEMBER 22, 2022
Around the corner from Prospect Park, this 1890s townhouse has been extensively overhauled since it was last on the market, leaving most but not all of its lavish period detail and adding a new kitchen. A House of the Day back in 2016, 857 Carroll Street sold for $4.95 that… Read More > The post Park Slope House With Wood Burning Fireplace, Movie-Inspired Kitchen Wants $7.5 Million appeared first on Brownstoner.
Tom Ferry
SEPTEMBER 22, 2022
Q4 means it’s time for your 2023 real estate marketing plan As we step forward into Q4, it’s time to start doing double-duty. Not only do we need to refocus on our goals and finish this year on a high note, but it’s essential to prepare for the year to come. Now is the […]. The post Your Best Real Estate Marketing Plan: 3 Essentials for 2023 appeared first on Tom Ferry.
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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