Housing Wire
OCTOBER 11, 2021
For the second month in a row, national housing affordability improved in August, according to the latest National Association of Realtors housing affordability index report. This improvement came as monthly mortgage payments fell by 1.1% while median family income fell by 0.7%. As of August 2021, the 30-year fixed mortgage rate was 2.89% compared to 3% a year prior.
Keeping Current Matters
OCTOBER 11, 2021
A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own. The pride homeownership offers. The sense of stability. In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time.
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Housing Wire
OCTOBER 11, 2021
Now that we are heading toward the end of 2021, what can we say about the U.S. housing market this year? No question it has been another year of ups and downs with seemingly conflicting data, which could indicate a coming boom or a bust depending on how you decide to parse it. If we stick to the facts, however, we can glean a few important take-homes as to what risks the housing market faces for 2021 and beyond.
Sotheby's International Real Estate
OCTOBER 11, 2021
Sotheby’s upcoming Contemporary Art Day Sale (8-15 October 2021) celebrates the pioneering work of ground breaking NFT artists, displaying digital and physical versions of their artworks in parallel. ?. In this latest Sotheby’s video, discover more about this visionary content created by pioneer NFT artists including Hueman, Fewocious, Justin Roiland and MGOGLKTKO which covers the gamut from mind-bending and atmospheric pieces to humorous and absurdist faire.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling
Housing Wire
OCTOBER 11, 2021
Servicers’ forbearance portfolio volume declined at the fastest rate in a year, as mortgage holders exit COVID-19 plans, according to the Mortgage Bankers Association (MBA). Exits are expected to pick up the pace in the weeks ahead due to economic improvement. The total number of loans in forbearance decreased by 27 basis points to 2.62% as of Oct. 3.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 11, 2021
Earlier in the month, PennyMac Financial and United Wholesale Mortgage publicly announced that they are each raising their conforming loan ceilings by 14%, nearly two months ahead of the Federal Housing Finance Agency ‘s official decree. They’re not the only ones getting a jump on new conforming loan limits. Rocket Mortgage and Homepoint announced last week that they are also upping their conforming loan limit to $625,000 for a one-unit property.
Mandrona Group
OCTOBER 11, 2021
As we prepare to say goodbye to another year, the housing market continues to prove that there will always be. Read More.
Housing Wire
OCTOBER 11, 2021
The largest depository bank in Indiana, Old National Bank , is being sued for alleged redlining practices that spanned more than a decade. A lawsuit filed by the Fair Housing Center of Central Indiana in district court claims that Old National was purposefully cutting corners in serving communities of color by barely approving Black borrowers for mortgage credit and shuttering its branches in minority neighborhoods.
The Mortgage Report
OCTOBER 11, 2021
In can be harder to get a VA loan offer accepted in a competitive market. Learn why some sellers don't like VA loans and how to improve your chances.
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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.
Housing Wire
OCTOBER 11, 2021
REX Homes , the discount brokerage behind an anti-trust lawsuit against Zillow and the National Association of Realtors , announced its second round of layoffs late last week. The latest round of cuts impacted 34 employees and came less than two months after the startup eliminated an estimated 60 positions in late August. Employees impacted by the first round of layoffs did not receive any form of severance payment, but they were offered resume coaching and were allowed to retain access to all c
Brownstoner
OCTOBER 11, 2021
The Brooklyn Navy Yard just got a little greener, as the waterfront industrial complex has installed three new environmentally-friendly rooftops. The new furnishings feature 23,000 square feet of structure planted with ornamental grasses, perennial wildflowers, and sedum, which will absorb rainfall — replacing previously impermeable rooftops that would often foster flooding… Read More > The post Rainfall-Absorbing Green Roofs Installed at the Brooklyn Navy Yard appeared first on Browns
Housing Wire
OCTOBER 11, 2021
New Residential Investment Corp. announced Monday that it has entered into a definitive agreement to buy Genesis Capital LLC , a fix-and-flip lender, from Goldman Sachs. New Residential said that it expects Genesis to originate close to $2 billion of loans in 2021 and that the fix-and-flip lender has originated over 12,000 loans since 2014. Michael Nierenberg, chairman, chief executive officer and president of New Residential, said in a statement that the acquisition “adds a new complementary bu
HomeLight
OCTOBER 11, 2021
When it comes to buying and owning a home, whether in real life or as experienced in books, movies, or on TV, we often hear about the process in the context of a mortgage — getting approved for one, having to make those mortgage payments, and so on. But rarely do we hear anyone discussing a deed of trust. In general, the term “mortgage” is used to describe any loan that is secured by real property.
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 11, 2021
As the refi boom declines – taking the intense production volume of 2020 and early 2021 with it – and we move to a more purchase-heavy market, lenders are seeing a decline in profit margins and an increase in origination expenses. According to the Mortgage Bankers Association , independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,023 on each loan originated in Q2 2021, down from a reported gain of $3,361 per loan in Q1 2021.
Coldwell Banker
OCTOBER 11, 2021
Leesa Harper-Rispoli honored for her strides in the real estate industry to elevate the perspectives of women and increase opportunities for women in the business. The post Coldwell Banker Real Estate Announces Inaugural Women on the Move Award appeared first on Coldwell Banker Blue Matter.
Housing Wire
OCTOBER 11, 2021
Changing environmental conditions will put 13.6 million residential properties at risk of flooding in 2051, an increase of 1.2 million over the next 30 years, according to a report published Monday by the nonprofit group First Street Foundation. The survey evaluates the flood risk across five categories: residential properties, roads, commercial properties, critical infrastructure, and social infrastructure.
RIS Media
OCTOBER 11, 2021
Stephen Fleming, president of D’Angelo Realty Group Inc., and new RE/MAX broker/owner has rebranded their real estate sales brokerage to RE/MAX Pathway. Fleming, who’s been in the business since 2003, said they recognize that the Harrisburg area is an increasingly competitive market, and that aligning with RE/MAX was the best way to keep his office’s edge and provide substantial growth by adding jobs to the market.
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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.
Afford Anything
OCTOBER 11, 2021
Hey Podcast family! Enrollment for our flagship course, Your First Rental Property , is open from now until Thursday, Oct 14 at 11:59 p.m. Pacific! If you want a structured, step-by-step framework to guide you from “clueless novice” to “confident investor,” this course is for you. Your First Rental Property provides all the knowledge, structure, support, spreadsheets, checklists, red flag warnings, and other tools you need to make smarter investing decisions.
Brownstoner
OCTOBER 11, 2021
Since the start of the pandemic, landscape architect Frederick Law Olmsted’s description of Prospect Park as an escape from the “cramped, confined and controlling circumstances of the streets” has never felt more vital. For many people over the past year and a half who were pushed into the park because… Read More > The post Photographer Irina Rozovsky Captures the Sights and Sounds of Prospect Park in New Book appeared first on Brownstoner.
Coldwell Banker
OCTOBER 11, 2021
Global Luxury Specialist Michele Kolsky-Assatly of Bergen County, N.J. recently attended the Fall 2021 International Luxury Alliance Summit. The post Michele Kolsky-Assatly Attends Prestigious International Luxury Alliance Summit appeared first on Coldwell Banker Blue Matter.
BubbleInfo
OCTOBER 11, 2021
A year ago, there were 605 active listings between La Jolla and Carlsbad, and 470 pendings. Today, there are 274 actives, and 278 pendings (which is -55% and -41% YoY). Buyers didn’t hit the brakes last year when we had twice as many actives, so it will probably take a 100-year flood of inventory to crash […].
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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.
HomeLight
OCTOBER 11, 2021
You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. But maybe you’re a little unclear on what the different loan guidelines mean. How much house can you afford if you’re getting an FHA loan?
Jason Fox
OCTOBER 11, 2021
Why Real Estate Agents Need a Backlinking Strategy. It’s a bit reductive to say that real estate agents only advise clients and close deals. In all actuality, agents become a one-person marketing and sales team as soon as they step into this role. As an agent, you bear all of the responsibility of producing promotional content, marketing said content, and earning the trust.
Better Dwelling
OCTOBER 11, 2021
Fewer Canadians quit their job due to satisfaction last month, and it’s bad news for wages. Statistics Canada (Stat Can) data shows job quits due to dissatisfaction fell in September. It might sound like a good thing, but this often indicates a lack of confidence in the employment market. Falling quits means employers are in […]. The post Fewer Canadians Are Quitting Their Jobs, and That’s Usually Bad News For Wages appeared first on Better Dwelling.
HomeLight
OCTOBER 11, 2021
You’re on the hunt for a new home, and in addition to aligning yourself with an experienced agent , you’re also probably spending a lot of time perusing various real estate sites and researching available homes in your area. You see a house you love, but the listing shows that it is an “active pending short sale.”. Wait, what? What does that mean? Can you still make an offer on the house, or are you out of luck?
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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.
Realtor.com
OCTOBER 11, 2021
The gulf between contract prices and appraised values highlights the risks to buyers in the current market, especially those stretching their budgets to win a bidding war. The post Soaring Home Prices Are Roiling Appraisals and Upending Sales appeared first on Real Estate News & Insights | realtor.com®.
RIS Media
OCTOBER 11, 2021
Coldwell Banker Real Estate LLC was selected to receive the 2021 St. Jude New Partner Campaign of the Year Award, for its efforts to help cure childhood cancer. In its first year, the CB Supports St. Jude partnership aimed to raise $250,000, a goal it met within the first six months. By October, the Coldwell Banker network doubled its initial goal, fundraising a total of more than $500,000.
American Lifestyle
OCTOBER 11, 2021
The post A Gem of an Adventure appeared first on American Lifestyle Magazine.
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