Fri.Sep 17, 2021

article thumbnail

These are the hottest housing markets in America

Housing Wire

Despite several indicators of a slowing housing market, prospective home buyers should not get too excited – inventory remains limited and changes are in line with the traditional seasonal slowdown, according to RE/MAX ’s August national housing report. The report analyzes MLS data from 51 U.S. metropolitan areas and includes all residential properties.

Marketing 493
article thumbnail

Have You Ever Seen a Housing Market Like This? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Whether you’re buying or selling – today’s housing market has plenty of good news to go around. Buyers can take advantage of today’s mortgage rates to escape rising rents and keep monthly payments affordable. Sellers can reap the benefits of multiple offers and a fast sale. If this sounds like good news to you, connect with a trusted real estate adviser so you can capitalize on the unique opportunity you have in today’s market.

Marketing 230
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bidding wars – the scourge of buyers – slowed in August

Housing Wire

The bidding wars that put smiles on the faces of sellers and simultaneously drove buyers to rip their hair out weren’t as frequent in August, according to the latest report from brokerage Redfin. In August, 58.8% of offers written by Redfin agents faced a bidding war, down from the peak in April of 74.3%, and below the August 2020 bidding war rate of 59.4%.

Agents 433
article thumbnail

Canadian Households Spend More Income On Debt Than Any Other G7 Country: BIS

Better Dwelling

Canadian households devote an astronomical amount of income just to carry their debt payments. Data from the Bank of International Settlements (BIS) shows Canadian households have a very high debt service ratio (DSR). The ratio dropped in Q4 2020 slightly, but it’s still much higher than any other G7 country. Not even the US housing […].

Banks 136
article thumbnail

3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

article thumbnail

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

Housing Wire

The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry must be proactive in examining programs that can help borrowers recover from — and remain resilient to — disasters like these. After a natural disaster, the dream of homeownership is shaken as people across the country face the challenge of rebuilding their homes and their lives.

Mortgages 404

More Trending

article thumbnail

Market volatility persists despite Fed’s commitment to ZIRP

Housing Wire

Despite pressure from some notable economic experts for an increase in the Fed funds rate to combat inflation, the Federal Reserve has held fast to its existing zero interest rate policy, otherwise known as ZIRP. Recent comments from Federal Reserve Vice Chair Richard Clarida reaffirmed the Fed’s previously stated timeline of 2023, and unless economic conditions improve drastically over the next 12 to 18 months, this would be the earliest that the Fed would consider raising the Fed funds rate.

Marketing 404
article thumbnail

July Single-Family Permit Gains

Eye on Housing

Over the first seven months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 681,949. On a year-over-year (YoY) basis, this is a 29.7% increase over the July 2020 level of 525,623. Year-to-date ending in July, single-family permits increased in all four regions. The Northeast region reported the strongest increase of 32.2%, followed by the South.

article thumbnail

Defects decline as mortgage lenders self-correct

Housing Wire

Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management ’s report published this week. This marks a notable improvement from the third quarter of 2020, when the critical rate rose to 2.34%, buoyed by increased volume , COVID-19 related compliance changes , and continued high unemployment numbers, the analytics vendor said.

Mortgages 403
article thumbnail

7 Home Maintenance Tips to Tackle This Fall

RIS Media

Fall is just about here, and it’s a great time for homeowners to tackle home maintenance items in and around the house. Doing these tasks will help protect their investment, too! 1. Caulk and seal around exterior door and window frames. Look for gaps where pipes or wiring enter the home and seal those as well. Not only does heat escape from these openings, but water can also enter and cause mold problems and even structural damage.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

Mitch Kider to speak at HW Annual on Sept. 27

Housing Wire

As the housing industry moves further into the digital era, the risk of cyberattacks has grown exponentially. From data breaches to ransomware attacks, companies in mortgage and real estate are prime targets for malicious actors. That’s why HousingWire invited Mitch Kider, chairman and managing partner of Weiner Brodsky Kider PC to HW Annual Sept. 27-28 in Dallas.

article thumbnail

Coldwell Banker Around the World: September 2021

Coldwell Banker

Nestled beneath an endless backdrop of the Sierra Madre mountains in Jalisco, Mexico is Puerto Vallarta. Travel through the charming neighborhoods and beautiful beaches, browse eclectic shops, indulge in cuisine, and wander the malecón (boardwalk). The post Coldwell Banker Around the World: September 2021 appeared first on Coldwell Banker Blue Matter.

98
article thumbnail

Inside Look: RealTrends 2021 Brokerage Compensation Study

Housing Wire

The following Q&A comes from the HW+ exclusive Slack channel, where Steve Murray, senior advisor to RealTrends , and Tracey Velt, RealTrends editorial, as they give an exclusive first look at the 2021 RealTrends Brokerage Compensation Report. During the Q&A, Murray shared some of his biggest takeaways from the data, the trends he is watching and how executive compensation has changed over the years.

Brokerage 360
article thumbnail

Feast Your Eyes on These Dreamy Cottages

Point2Homes

Getting away from the hustle and bustle of city life can help us recharge our depleted batteries and allow us to reconnect with nature. A beautiful cottage or cabin is the perfect place to unwind and forget our day-to-day worries. We can slow down, take in the stunning landscape and revel in the solitude that comes with having a little hideaway somewhere special.

Design 98
article thumbnail

Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

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.

article thumbnail

Mistakes to avoid before closing on a home

Realty Biz

Buyers may not realize that mistakes in their mortgage application can prove extremely costly, and in some cases even jeopardize their chances of the deal going through. “Most buyers are so preoccupied with simply saving up for a down payment and getting their foot in the door that they forget about the little details that can trip [them] up,” said Michele Harrington, COO of First Team Real Estate, in an interview with The Mortgage Reports.

Closing 94
article thumbnail

Mortgage and refinance rates today, Sept. 17, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates nudged higher yesterday. It wasn’t a big jump. But it very nearly wiped out recent falls. Still, these rates remain uberlow. First […].

article thumbnail

3 Effective Real Estate Marketing Techniques for 2022

Realty Biz

It’s no secret the COVID-19 pandemic has had a major impact on the real estate market and other industries. However, the changes that the pandemic has brought to the market aren’t necessarily bad. New innovations involving virtual reality and drones have increased the potential for real estate marketing in the coming year. But what exactly will real estate marketing look like in the next few months?

article thumbnail

Two Trees’ Bjarke Ingels-Designed Williamsburg Towers Receive Approval From Community Board

Brownstoner

Williamsburg’s Community Board 1 voted on Tuesday night to approve River Ring, the massive waterfront development proposed for the nabe’s waterfront -- breaking with the “no” vote issued by the board’s land use committee last week. After a marathon six and a half hours, the full board voted “yes, with conditions”… Read More > The post Two Trees’ Bjarke Ingels-Designed Williamsburg Towers Receive Approval From Community Board appeared first on Brownstoner.

Design 99
article thumbnail

Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

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.

article thumbnail

Luxury Real Estate Headlines: Third Week in September 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Madrid, Spain | John Kinloch, Madrid Sotheby’s International Realty . Morning Breeze is being billed as the Costa Blanca’s most luxurious residence. In Pictures: Monica Armani’s sustainable Spanish super-villa seeks €4.85m – Prime Resi.

Sales 91
article thumbnail

A Bed Stuy Italianate With Porch and Three More to See, Starting at $1.645 Million

Brownstoner

Our picks for open houses to see this weekend are found in Park Slope, Cobble Hill and Bed Stuy. They range in price from $1.645 million to $4.3 million. In the Park Slope Historic District, an 1891 Romanesque Revival townhouse has a pale stone exterior with scroll details and an embellished… Read More > The post A Bed Stuy Italianate With Porch and Three More to See, Starting at $1.645 Million appeared first on Brownstoner.

article thumbnail

4 Ways to Increase Your Emotional Intelligence

RIS Media

Real estate coaching isn’t just about business strategy. You can be the world’s greatest entrepreneur—with an unmatched mastery of the housing market—but lacking emotional intelligence will leave you confused and unmotivated. Here are a few strategies for becoming more emotionally intelligent. Outline the Concern. When your client describes an issue or problem, even if you have 30 years of experience and think you’ve seen it all, you shouldn’t assume that you know everyth

Agents 98
article thumbnail

Senate Bill 9 Gets Signed

BubbleInfo

Governor Newsom signed SB 9 yesterday, but it won’t change much because building an ADU is cost prohibitive. How many people need one bad enough that they would spend $50,000 to $100,000 and go through the hassle? Plus the number of available parcels will limit how many could get built: [link] An excerpt: Senate Bill […].

92
article thumbnail

Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

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.

article thumbnail

Gorgeous Getaways: 5 Private Islands You Can Buy Right Now

Realtor.com

If you truly want to get away from it all, we've found five fabulous private islands in various parts of the U.S.—all priced under $2.5 million. The post Gorgeous Getaways: 5 Private Islands You Can Buy Right Now appeared first on Real Estate News & Insights | realtor.com®.

89
article thumbnail

How to Protect Your Home Against Rain Damage

RISMedia

With changing weather patterns and extreme conditions becoming more common across the globe, it only makes sense to take an extra measure of precaution when it comes to protecting your home against relentless precipitation. Before you find yourself underwater, here are some ways to be better prepared for the rain. Review Your Home Insurance It's […].

article thumbnail

Daily Links: Work to Replace Elevators Will Shut Down Clark Street Station Until Spring 2022

Brownstoner

In the News Gowanus Artists Grapple With Aftermath of Ida Flooding [BP] Five Food Delivery Workers Died on the Job in Brooklyn in Past Year [BP] Clark Street Station to Close From November 2 to Spring 2022 [BHB] Can the Pandemic Give Commercial Rent Control a New Lease on Life? [The City] MTA Is Breaking… Read More > The post Daily Links: Work to Replace Elevators Will Shut Down Clark Street Station Until Spring 2022 appeared first on Brownstoner.

article thumbnail

New ERA® Real Estate Affiliate Adds 400 Agents to the Network

RIS Media

ERA ® Real Estate, recently announced that RSVP Real Estate, based in Bellevue, Washington, has affiliated with the ERA® brand. . . The firm will now be known as RSVP Real Estate ERA Powered and immediately becomes one of the largest companies in the ERA system with over $1 billion in sales volume in the last 12 months, according to the company. . .

Agents 98
article thumbnail

5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.