Thu.Sep 16, 2021

Mortgage rates still flat at 2.86%

Housing Wire

The average 30-year-fixed mortgage continued to hover around the 2.86% mark for the week ending Sept. 16, according to Freddie Mac ‘s latest PMMS survey. Mortgage rates have been around that mark for roughly two months, leading economists at Freddie Mac to liken it to “Groundhog Day.”

Is the Number of Homes for Sale Finally Growing?

Keeping Current Matters

An important metric in today’s residential real estate market is the number of homes available for sale. The shortage of available housing inventory is the major reason for the double-digit price appreciation we’ve seen in each of the last two years.

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What’s behind the sharp decline in mortgage delinquencies?

Housing Wire

As the summer comes to an end, several issues are top of mind for everyone: the impact of the Delta variant, the debate over when the Federal Reserve will taper its asset purchases, the situation in Afghanistan, and the federal debt limit and budget debate.

Custom Home Building Share Declines

Eyes on Housing

According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC.

Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Sandra Thompson should be the permanent FHFA director

Housing Wire

Amid all the rumors that President Biden might be nominating a new FHFA director , the acting director has been doing something that all should pay attention to. Sandra Thompson has been deliberately fixing all of the flawed steps of her predecessor.

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Study: Real estate firms thrive on repeat and referral business

Housing Wire

Referrals from past and repeat customers still generated the greatest number of inquiries for real estate firms in 2020 with 30% of brokerage business coming from this source, the same amount as in 2018, when the survey was last completed.

Pros and Cons of We Buy Houses Flipping Companies

Maximum Exposure Real Estate

Selling Your Home to a Real Estate Investor Do you know the pros and cons of selling your home to one of the we buy houses flipping companies?

Student loan debt delays homebuying timeline

Housing Wire

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report.

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Showings Are Down

BubbleInfo

Home buyers don’t have much – if any – control over the process, which leads to frustration and disappointment. They don’t have any way to cause more homes to list for sale, and the only way to eliminate the competition is to out-bid them, which can be even more harrowing.

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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.

HW+ Member Spotlight: Kris Kully

Housing Wire

Kris Kully, Partner at Mayer Brown. We’re excited to kick off our weekly HW+ member spotlight! For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown.

12 steps for thriving through a market shift

Inman

As the market shifts, the question becomes: What are you going to do to make sure your business will continue to grow? Here, Jimmy Burgess will take you through his 12-step plan for thriving through a market transition. .

Lower rates coming for investment properties, second homes

The Mortgage Report

Investment property and second home loans should be getting cheaper, as the FHFA has paused a rule that was increasing rates and fees. Mortgage Rates Real Estate News

Loans 87

Pacaso expands to Miami and Fort Lauderdale

Inman

Pacaso, the luxury home co-ownership program launched by Spencer Rascoff and Austin Allison, is branching out into South Florida. Luxury Luxury Lens News Brief Property Portfolio austin allison compass google Josh Dotoli luxury lens Pacaso spencer rascoff Zillow

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What Does the Process of Selling a House for Cash Look Like?

HomeLight

“A lot of sellers think selling a house ‘for cash’ means the buyer is going to show up with a briefcase full of money for them, but that’s not the case,” says Lucas Machado, a real estate investor and owner of House Heroes, LLC. “A

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Clients expect a tech-savvy agent: EXp chief marketing officer

Inman

EXp Chief Marketing Officer Courtney Chakarun explains how the cloud-based brokerage navigated a visual rebrand, international expansion and more during the pandemic.

Housing Market Falls Into Seasonal Trends, But Second Wind Could Be Looming

RIS Media

We’re seeing more balance in the housing markets, but a second wind could be ahead, according to the latest data from realtor.com®’s Weekly Housing Trends Report. Key findings: – Median listing prices increased 9.7% YoY during the week ended Sept.11.

Fewer homes sell in August than last year, a first since pandemic boom

Inman

Home sales declined in August on a seasonally adjusted basis, settling in 6 percent lower than the same time last year. Brokerage Markets & Economy Select Technology Coronavirus Daryl Fairweather home inventory home prices home sales Redfin

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Chic Tex-Mex Restaurant coming to Palm Beach Gardens

Waterfront Properties

The upscale Tex-Mex restaurant, Cactus Grille and Tequila Bar is coming to the boundary line between Palm Beach Gardens and Jupiter. The eatery will take over the former Burger Bar space at the Donald Ross Village Plaza. Cactus Grille and Tequila Bar has roots in Rhode Island.

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Home sales should stay strong this fall: MoxiWorks report

Inman

The tech startup's data suggests that, thanks to the pandemic and low interest rates, home sales will see less of a seasonal drop off this fall than they have in prior years.

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Harvey Vargas of First Team Helps Multiple Clients Buy and Sell to Cash in On North Tustin CA Hot Luxury Market

First Team Real Estate

NORTH TUSTIN CA – Thanks to his high-quality approach, relentless work ethic, and the support of First Team Real Estate, Harvey Vargas has closed a total of $13,342,200 in just 3 months with the company.

Largest indie in Brevard, Florida, joins ONE Sotheby’s International

Inman

Founded in 1965, National Realty of Brevard is now ONE Sotheby's 22nd office along Florida's east coast. Brokerage News Brief brevard county Daniel de la Vega florida Gale S. Bray National Realty of Brevard ONE Sotheby's International Realty

Coldwell Banker The Property Shoppe joins Coldwell Banker Peter Benninger Realty

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: Coldwell Banker The Property Shoppe joins Coldwell Banker Peter Benninger Realty.

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QUIZ: Are you a closer? Test your marketing prowess

Inman

Real estate agents who have poor closing skills don't get paid. Here are 10 questions that address different aspects of closing the deal — see how well you do.

Hispanic Heritage Month: Highlighting Pathways to the American Dream

RIS Media

Hispanic Heritage Month, first proclaimed by President George H.W. Bush on Sept. 14, 1989, is celebrated annually from mid-September to mid-October.

NAR vs. DOJ: A timeline of the battle as it stretches into 4th year

Inman

An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new probe into NAR rules.

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Texas cash-out refinance guide: 2021 Rules and requirements

The Mortgage Report

Cash-out refinance rules in Texas are a little different from the rest of the country. Learn about current Texas cash-out refi requirements and guidelines. Cash Out Refinance

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‘Holding pattern’: Virus extends stable period for mortgage rates

Inman

Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types. Banking & Lending Markets & Economy Mortgage 15-year fixed rate 30 year fixed-rate freddie mac lender survey mortgage rates

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Affordable Housing Is Expanding: What to Know About It

RIS Media

Affordable or subsidized housing has been, and will remain, a complex and emotional issue, steeped in history, economics, race and politics. Many people worry about crime, crowding or other problems allegedly created by these projects.

Who is your client? 4 personality types to watch for

Inman

Is your client a lion, otter, golden retriever or beaver? Here is a quick and easy way to identify which personality your prospective client has so you can adapt your presentation style to win the day.