RIS Media
MAY 9, 2022
Despite the monumental shift in financial conditions that has occurred over the past four months, homes continue to sell quickly and registered their 20th week of double-digit yearly gains last week, according to realtor.com®’s latest Housing Trends Report for the week ending April 30. Key findings: The median listing price grew by 14.7% over last year.
Housing Wire
MAY 9, 2022
Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko. Over the weekend, I tweeted several charts, showing people the big divergence between home price growth and real disposable income in the two countries.
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Keeping Current Matters
MAY 9, 2022
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power.
Housing Wire
MAY 9, 2022
California-based Owning Corp., a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list.
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Sotheby's International Real Estate
MAY 9, 2022
Harald Grant & Bruce Grant – Sotheby’s International Realty – Southampton Brokerage. Nautical aesthetics permit you to pamper yourself with an oceanside retreat and not even have to pack a bag — or live near the ocean, for that matter. You can bring coastal inspiration to any space and recreate the tranquility of the salt-scented wind and open water at home through design. .
Housing Wire
MAY 9, 2022
Budget-tightening constraints of inflation, higher mortgage rates, and housing price gains are constraining consumers from buying houses. Fannie Mae ‘s Home Purchase Sentiment Index, which tracks the housing market and consumer confidence to sell or buy a home, dropped by 4.7 points to 68.5 in April, marking the lowest level since May 2020. Compared with the same period in 2021, the HPSI is down 10.5 points.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 9, 2022
Fewer buyers rushed to lock mortgages last month amid a rapid climb in long-term mortgage rates , reflecting home affordability concerns, reports from Mortgage Capital Trading and Black Knight showed. . Total mortgage rate locks by dollar volume were down 5% in April from the previous month, according to MCT’s monthly Mortgage Lock Volume Indices report.
Fancy Pants Homes
MAY 9, 2022
True Blood alum Alexander Skarsgård is ready to part ways with his historic East Village co-op. The actor — who’s currently entertaining movie goers as the avenging Viking prince Amleth in the action-filled epic The Northman , now playing in cinemas — is looking to fetch $2,599,000 for his New York City home. According to our sources, Skarsgård bought the apartment approximately 5 years ago, then embarked on an extensive renovation process that modernized the unit without alter
Housing Wire
MAY 9, 2022
Fast-rising interest rates hit Finance of America Companies hard in the first quarter of 2022 and the company cut almost 600 jobs compared to one year ago. . Like many of its competitors, the lender reported that its traditional mortgage business saw reduced originations and margins from January to March, mainly due to a drop-off in refinance volumes and an increase in spreads on non-agency mortgage products, which resulted in a reduction in revenues.
GeekEstate
MAY 9, 2022
[Editor’s Note: Below is the full text of our 209th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on April 7th, 2022. Some links included below are to members-only articles.]. Many are drawn to the real estate agent profession ( most common Google employment search during the pandemic ) for the perceived flexibility and theoretically uncapped earning potential.
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Housing Wire
MAY 9, 2022
Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. The national average closing costs for a single-family property refinance in 2021 was $2,375, up $88, or 3.8%, from the previous year, according to CoreLogic ‘s ClosingCorp.
Eye on Housing
MAY 9, 2022
In the first quarter of 2022, non-real estate secured consumer credit, per the Federal Reserve’s latest G.19 Consumer Credit report, grew at a seasonal adjusted annual rate of 9.7%, with revolving debt growing at 21.4% and nonrevolving at 6.1%. Total consumer credit currently stands at $4.5 trillion, with $1.1 trillion in revolving debt and $3.4 trillion in non-revolving debt.
Housing Wire
MAY 9, 2022
The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis , published Friday. The title insurance industry generated $26.2 billion in premiums last year compared to $19.2 billion in 2020, an increase that ALTA attributed to historic mortgage origination activity and the substantial increase in home values.
The Mortgage Report
MAY 9, 2022
Conforming loans are the most common type of mortgage. But what are they and how do they work? Use this conforming loan guide to learn more.
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Maximum Exposure Real Estate
MAY 9, 2022
Are you looking to find one of the best property websites? When you are looking to find a home to purchase there is no shortage of housing sites to comb through. Buying a home is a big decision that can be made easier with the help of the right real estate website. We will be […]. The post Best Property Websites For Finding Real Estate Listings appeared first on Maximum Real Estate Exposure.
The Mortgage Report
MAY 9, 2022
Today’s mortgage and refinance rates Average mortgage rates rose only a little last Friday. But, over the whole week, they climbed appreciably. And 2022’s clear upward trend appears to remain […].
RIS Media
MAY 9, 2022
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the latest Mortgage Bankers Association’s (MBA) National Delinquency Survey, released last week. For the purposes of the survey, MBA asks servicers to report loans in forbearance as delinquent if the payment was not made based on the original terms of the mortgage.
Brownstoner
MAY 9, 2022
In the News For This Park Slope Woman, Work Is a Walk in the Park [NYT] Dog Missing From Red Hook Found in Jersey After East River Swim [NYP] There’s a War Raging Between Parents and Dog Owners at Cooper Park [Curbed] Two Artists Killed in Brooklyn Amidst Surge in Subway Graffiti … Read More > The post Daily Links: Family Lawyer Drops Crown Heights Deed Theft Case After Surprising Details Emerge appeared first on Brownstoner.
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Toronto Realty Blog
MAY 9, 2022
TorontoRealtyBlog. There’s a reason I wrote last Monday’s blog, and no, it wasn’t “to get out ahead of the bad publicity.” “ Beware The Coming Real Estate Headlines ,” I wrote on May 2nd, and if you’d like to be fair to me for just a moment, you can admit that I wasn’t exactly wrong. Here’s my Google News feed from Wednesday: Down.
Brownstoner
MAY 9, 2022
A YWCA that opened in Downtown Brooklyn in 1912 and has served for decades as temporary housing for clients of the Office of Mental Health is just about ready to debut new affordable and supportive housing. The Nevins Street Apartments, at 50 Nevins Street between State and Schermerhorn Streets, is made… Read More > The post Affordable Housing Lottery Still Open as Conversion of Downtown Brooklyn YWCA Wraps appeared first on Brownstoner.
RIS Media
MAY 9, 2022
Coldwell Banker Real Estate LLC has reported that it has achieved impressive growth milestones in 2021 by renewing 101 affiliated companies with the extension of their agreements, according to a recent release. The brand extended agreements for 17 companies, accounting for more than $2.3 billion in sales volume. The company has also added eight new affiliated companies since January 1, including: Coldwell Banker Platinum, Roseburg, Oregon.
Brownstoner
MAY 9, 2022
New York City is putting the green in its greenways. Mayor Eric Adams wants to earmark $47.6 million in the upcoming city budget for shared bike and pedestrian paths also known as greenways, a senior official from his administration announced Thursday. The funding will add as many as 20 miles to the… Read More > The post City Mulls Millions to Knit Together Bike and Ped Greenway Network in Brooklyn and Queens appeared first on Brownstoner.
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RIS Media
MAY 9, 2022
Are you considering buying into a homeowner’s association? There can be some significant benefits to purchasing a home in an HOA. Each homeowner’s experience with an HOA will vary depending on the amenities and rules that are in place in their community. It is important to understand what is offered before signing up for membership, as there may be different benefits to each individual.
Brownstoner
MAY 9, 2022
Dating to the 1890s, this Ocean Hill row house offers some original details as well as sympathetic renovations that include updated kitchens and baths. Period details inside the brownstone, located at 724 Decatur Street, include encaustic tiles at the entry, stair with newel post, moldings and five mantels. The house is… Read More > The post Ocean Hill Brownstone With Five Mantels, Renovated Kitchens and Baths Asks $1.825 Million appeared first on Brownstoner.
RIS Media
MAY 9, 2022
Zillow delivered a strong performance during the first three months of 2022, despite a mix of housing market changes that the company’s chief executive described as “choppy” in a recent earnings call. “In these volatile times, we are especially proud of our company and brand, one that helps people find their home, a place of comfort and safety,” said Zillow co-founder and CEO Rich Barton.
Agent Fire
MAY 9, 2022
Real estate marketing in 2022 is more competitive than ever. Find out how to organize your winning marketing plan and get ahead of the pack with our total guide. The Complete Real Estate Marketing Guide for 2022 is just one of many great real estate strategies on The Spark.
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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.
RIS Media
MAY 9, 2022
The metaverse and blockchain technology could have a significant impact on the future of real estate, according to experts at the 2022 REALTORS® Legislative Meetings. Several hundred REALTORS ® attended Wednesday’s Emerging Business Issues and Technology Forum, which provided insight into the top emerging tech trends that are expected to have the biggest impact on the real estate industry in the coming years.
BubbleInfo
MAY 9, 2022
While it would be logical to think that anyone who is going to sell in 2022 would be expediting their plans due to higher mortgage rates, there still hasn’t been a big surge. We had one little pop when the weekly new-listings count hit 76, but they were back down to 59 this week – […].
RIS Media
MAY 9, 2022
Above: Christy Budnick, CEO, on stage during her Keynote Speech at Sales Convention 2022 in Louisville, Kentucky. Berkshire Hathaway ranks as one of the world’s most trusted brands. Such exalted brand status and trust can create what is known as the “halo effect.” This effect extends a consumer’s trust in Berkshire Hathaway to Berkshire Hathaway HomeServices, its prestigious brokerages and its network of accomplished global real estate professionals.
Realty Biz
MAY 9, 2022
Most of today’s real estate agents and agencies are looking to make a quick commission and move on, but not the team at Las Vegas’ highly respected Custom Fit Real Estate. Custom Fit Real Estate and its CEO Coltyn Simmons are changing the real estate industry by putting the client first and profits second, always. The firm specializes in helping home sellers achieve maximum results.
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