Keeping Current Matters
JUNE 6, 2022
If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans.
Housing Wire
JUNE 6, 2022
The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. While four prominent trade groups voiced support, they also proposed some tweaks. The Mortgage Bankers Association, Housing Policy Council, National Association of REALTORS and the American Bankers Association agreed a 40-year loan modification should be a permanent fixture in the administration’s loss mitigation handbook, suggesti
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Eye on Housing
JUNE 6, 2022
Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based on the pre-pandemic 2017-2019 data and show that during the first year after closing on the house, a typical buyer of a newly-built single-family detached.
Housing Wire
JUNE 6, 2022
It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. And it’s likely to continue – executives are calling this one of the most challenging periods in memory. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.
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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.
Real Trends
JUNE 6, 2022
The real estate industry was responsible for $3.9 billion, or nearly 17%, of the national GDP in 2021, according to a study published by the National Association of Realtors on Thursday. According to estimates from NAR , nationwide, each home sale at the median generated roughly $113,000 of economic impact in 2021. Commissions, fees, moving expenses, and other income to real estate industries was responsible for an estimated $31,742 of the total impact, with the rest comprised of $5,000 from exp
Housing Wire
JUNE 6, 2022
Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. Figure, founded in 2018 by SoFi co-founder Mike Cagney, would bring a blockchain tech platform to the merged company, which would double the lender’s capacity to fulfill loans.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Maximum Exposure Real Estate
JUNE 6, 2022
MLS Listing Statuses Explained Real estate can be confusing when you’re not practicing it every day. As real estate agents, we sometimes think consumers understand all the nuances of our business. Real estate terms are often batted around as a standard part of everyone’s language. Unfortunately, that is not the case. There are many meanings […].
The Mortgage Report
JUNE 6, 2022
Today’s mortgage and refinance rates Average mortgage rates only inched higher last Friday. But they climbed appreciably over that week. First thing this morning, it was looking as if mortgage […].
Toronto Realty Blog
JUNE 6, 2022
TorontoRealtyBlog. Let’s start today’s blog post with a quote: “This is going to be 2017 all over again.” ~Nobody. That’s right, nobody said this. And yet, everybody is saying that they did. First and foremost: we don’t know what this market, here in June of 2022, is just yet. We know that it has declined from February with respect to both prices and sales, but it’s always much easier to define a market several months later, looking back, than it is i
BubbleInfo
JUNE 6, 2022
Once we got past the Memorial Day weekend, the unsold listings continued their climb. Here’s how the first week in June compares to previous years: NSDCC Listings, First Monday in June: Year # of Active Listings # of Pendings # Actives Over $2M # of Pendings Over $2M 2018 914 410 488 102 2019 1,005 […].
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.
Brownstoner
JUNE 6, 2022
The architect who once called this 1870s Prospect Heights brownstone home isn't a 21st century starchitect, but 19th century Brooklynites who followed the building up of the borough would certainly have recognized his name. George L. Morse, a prolific architect behind the design of commercial structures, churches and residences, lived… Read More > The post Architect’s Prospect Heights Brownstone With Mural, Pier Mirror, Mantels Asks $3.799 Million appeared first on Brownstoner.
Realty Biz
JUNE 6, 2022
New home buyers may soon see some much-needed price relief, with reports saying that the lumber market bubble has finally “burst”. Lumber prices rose to record highs during the height of the COVID-19 pandemic, adding significantly to the cost of buying a new home. But the price of lumber is now falling fast, more than 12% in the last week alone, to hit its lowest point so far this year.
Brownstoner
JUNE 6, 2022
Spend a summer afternoon trying some food truck goodies while lounging on the grounds of Marine Park's oldest house. The Friends of Lott House are hosting a 'Taste of the Neighborhood' event on Sunday, June 12 featuring unlimited samples from Jiannettos Pizza, Dumpling Wagon, Caribbean King and Wafels & Dinges.… Read More > The post Sample the Fare of NYC Food Trucks With a ‘Taste the Neighborhood’ Event at Historic Lott House appeared first on Brownstoner.
HomeLight
JUNE 6, 2022
Enjoying this episode? Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | YouTube. About This Episode. In a challenging real estate market like this, you’re having harder client conversations than ever. More than ever, communication is the key to keeping your buyers and sellers calm and keeping their transaction moving forward.
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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.
Brownstoner
JUNE 6, 2022
State lawmakers on Thursday approved the formation of the New York City Housing Authority Preservation Trust, a new public entity that proponents say will allow for a massive influx of money into the city’s beleaguered public housing stock, where 350,000 New Yorkers live in properties all across the five boroughs. The… Read More > The post New York Creates Controversial Trust to Finance Urgently Needed Repairs for NYCHA appeared first on Brownstoner.
Realty Biz
JUNE 6, 2022
Building your real estate business is a full-time job. You can’t help clients buy and sell the property unless you’ve got those clients, to begin with, after all! That’s why successful real estate professionals spend so much time and energy on marketing themselves and building their brands along with real estate testimonials. Today, one of the most effective types of marketing for those in the real estate profession is over the internet. .
Brownstoner
JUNE 6, 2022
Whether you are in the market to rent or own, having the right insurance is even more important today. Gotham Brokerage, the best resource for New York City residents, knows how to find you the best coverage. Here's why proper coverage is important: Repairs? Relax! If you have to redo your kitchen… Read More > The post How Apartment Insurance Takes the Stress Out of Inflation and Supply Chain Delays appeared first on Brownstoner.
Realty Biz
JUNE 6, 2022
Did you know that over 14 million individual investors own between one and four rental property units? Managing properties is by no means an easy task. For landlords who own multiple properties, taking care of them can feel like a job all by itself. If you’re a landlord or real estate investor looking to make managing your properties easier, you should consider real estate software.
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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.
BubbleInfo
JUNE 6, 2022
While the market may be calming down, there are still properties selling for well over the list price!
Realty Biz
JUNE 6, 2022
ERA ® REAL ESTATE ENTERS NORTH IDAHO WITH THE AFFILIATION OF. ERA SHELMAN REALTY. ERA® Real Estate , a global franchising leader within the Realogy family of brands, today announced the affiliation of ERA Shelman Realty. The market-leading company is based in Bonners Ferry, Idaho and has served the community since 1963. Owners Mark and Loralee Carey purchased the firm in 2018 from Mark’s brother Steve Carey, who bought the firm in 1991 from the Shelman Family.
McKissock
JUNE 6, 2022
The use of Microsoft Excel is widespread in the appraisal industry. In a recent survey, Excel was among the top four software tools on which appraisers said they’d like additional training. Are you looking for new and better ways to leverage Excel tools in your appraisal business? Here are six Microsoft Excel training resources for real estate appraisers—exclusively available to McKissock Unlimited Learning Members.
Sotheby's International Real Estate
JUNE 6, 2022
The phrase “your majesty” is used when addressing a queen or a king. But why not apply it to your home? By designing your space with the right decor, a residence can become your majesty — a regal retreat whose stately opulence and dignified flair makes you feel noble. . What does it take to design a property fit for a monarch? As high-end homeowners rediscover the comfort and cachet of the royal aesthetic, here’s a curated lookbook to help you envision a castle of your own.
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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.
Mashvisor
JUNE 6, 2022
A real estate investor could strike gold by providing student housing in a good college town. Table of Contents College Town: What Is It?
Redfin
JUNE 6, 2022
It’s barbecue season and you’re short one pack of hamburger buns. You run to the grocery store, grab an 8-pack off the shelf, and jog to the nearest checkout aisle. But when the clerk scans the barcode, the jumbo-sized 24-pack rings up. Why should you pay for 24 buns when you’re only getting eight? The same problem can apply to monthly rent.
Mashvisor
JUNE 6, 2022
Have you been looking for ways to analyze Trulia homes for sale? This article shows you how to analyze homes on this real estate website.
Realty Biz
JUNE 6, 2022
When you’re on the lookout for a new place to live, or even somewhere to add to your existing portfolio, this can require a lot of time and effort. However, if you deploy some smart tactics, you may be able to cut down on the total work involved. In doing so, it might be possible to prevent the house hunt from dominating your waking hours and even get rid of some of the more strenuous aspects.
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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.
Redfin
JUNE 6, 2022
Indoor-outdoor living spaces are becoming a coveted design trend for homeowners today, and if you’re looking for an iconic house style that seamlessly blends the two, look no further than the Dogtrot house. Characterized by an open breezeway running through the middle of the home, the Dogtrot house plan has been in popular use for the last 200 years of American architecture due to its simple and effective design, allowing it to be modified for different climates and purposes.
The American Genius for Real Estate
JUNE 6, 2022
(EDITORIAL) Want to support small businesses but can't buy their products right now? No problem, take note of these other tips to support small! The post 5 underrated ways to support small businesses appeared first on The American Genius Real Estate.
Redfin
JUNE 6, 2022
Boston, Massachusetts, otherwise known as the”Athens of America,” is swiftly becoming home for many Bay Staters and out-of-staters alike. With its iconic history and delicious foods, it shouldn’t come as a surprise that nearly 700,000 people live in Boston. However, with that higher demand comes higher home prices. The median home sale price is $772,500, and the average rent for a 1-bedroom apartment in Boston is $3,988. .
The Close
JUNE 6, 2022
To get started in real estate in South Carolina, you’ll need to complete a 90-hour prelicensing course. Making sure your real estate school works with your schedule, budget, and career goals is important, so if you’re in the process of choosing a South Carolina real estate school, look no further. We assessed the top South Carolina real estate schools to show you what sets each one apart and help you make the right choice.
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