Housing Wire

MAY 11, 2021

Mortgage credit availability increased by 2.2% in April as mortgage lenders fight for borrowers in an increasingly competitive market. The Mortgage Bankers Association said Tuesday that the Mortgage Credit Availability Index (MCAI) — which uses 100 as a benchmark — increased to 128.1 last month. A decline in the MCAI suggests that lending standards are tightening while a higher number suggests loosening credit standards.

Mortgages 509

Mortgages Lending Loans Banks 509

Keeping Current Matters

MAY 11, 2021

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes : “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversation

Lending 292

Lending Staging Residential Mortgages 292

Housing Wire

MAY 11, 2021

The number of buyers who locked in mortgage rates for second homes soared 178% year over year in April, marking the 11th straight month of 80%-plus growth, according to a recent Redfin study. Redfin Chief Economist Daryl Fairweather said the numbers are likely exaggerated because demand for second homes dropped 24% year over year in April 2020, the month after the coronavirus pandemic permeated throughout the U.S.

Mortgages 460

Mortgages Sales As-is Marketing 460

Realtor.com

MAY 11, 2021

Getty Images If you found yourself spending more time and money on your garden than ever last year, you’re not alone. According to an analysis of retail giant Walmart’s supply chain, the pandemic shutdown led to an “unprecedented” demand for lawn and garden items last year. Plus, a survey conducted this year for the International Casual Furnishings Association revealed that 78% of Americans made outside upgrades during COVID-19.

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Design Inspection As-is 143

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

Technology

Housing Wire

MAY 11, 2021

Is there anything more optimistic than the opening day of play in the major leagues? Even those among us not inclined to be everyday fans of the game can find some comfort in the return of America’s pastime signaling better and warmer days ahead at the old ballpark. The resonant crack of the bat, the murmur of voices gathered together in non-virtual celebration and the strength of the umpire’s call to “play ball” just feels right.

Loans 417

Loans Mortgages Closing Industrial 417

Housing Wire

MAY 11, 2021

Real estate software company Lone Wolf Technologies announced Monday the acquisition of two real estate technology companies, LionDesk and Homespotter. Lone Wolf currently serves more than 1.5 million real estate professionals in Canada and the U.S. “These acquisitions embody our mission to simplify real estate,” said Jimmy Kelly, Lone Wolf CEO. “We’re bringing the best technology together to dramatically simplify the work that agents and brokers do every day, but this is more than j

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Title Technology Brokerage MLS 403

Sotheby's International Real Estate

MAY 11, 2021

In keeping with the motifs of its inspiration—the hôtels particuliers of France—this stately manor in Pacific Heights is gracefully positioned “entre cour et jardin”—that is, between a refined entry courtyard and a glorious backyard garden. Its undeniably classic architecture and influence notwithstanding, the residence is a perfectly modern milieu, at ease with contemporary fittings and furnishings as well as technological comforts and conveniences.

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Technology As-is 133

Housing Wire

MAY 11, 2021

Many factors contribute to the process of determining the value of a residential property. Two of the key components are quality and condition. For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. .

Inspection 388

Inspection MLS Renovation Residential 388

Better Dwelling

MAY 11, 2021

Greater Toronto real estate’s inventory squeeze appears to be rapidly coming to an end. The sales to new listings ratio (SNLR) made a very sharp decline in April, marking the third month in a row. Such sharp corrections in the SNLR are historically associated with falling price growth. Over just the past 3 months, the […]. The post Toronto Real Estate Just Made A Move That Typically Leads To Falling Prices appeared first on Better Dwelling.

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Sales 131

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Development

Housing Wire

MAY 11, 2021

The parent company of United Wholesale Mortgage (UWM) reported $860 million in net income during the first quarter of 2021, but there are clear signs that the going has already gotten tough. In total, UWM originated $49.1 billion in closed loan volume in the first quarter, down from the $54.7 billion in the fourth quarter (but up from the $42.4 billion in originations a year ago).

Purchase and sale agreement 388

Purchase and sale agreement Mortgages Industrial Technology 388

Better Dwelling

MAY 11, 2021

Canadians hoping higher incomes will boost home prices are in for a disappointment. In Q2 2020, the average household income soared, raising home price expectations. An analysis from Dejardins shows the average after-tax household is much lower in Q1 2021. In just one year, incomes soared, fell, and are now basically where they were a […]. The post Canadian Incomes Are Plummeting From Last Year’s Peak: Desjardins appeared first on Better Dwelling.

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Housing Wire

MAY 11, 2021

Publicly traded retail mortgage lender Guild Holdings is on the hunt for acquisitions, and it’s found a juicy target in Maine-headquartered retail lender Residential Mortgage Services Holdings. The acquisition of RMS for $196.7 million (3.5x earnings) gives Guild a substantial foothold in the Northeast and a bevy of purchase business. RMS, founded in 1991, has 70 offices across 14 New England and Mid-Atlantic states.

Finance 370

Finance Lending Mortgages Loans 370

RIS Media

MAY 11, 2021

Real Estate Webmasters Sets Colorado Team on the Path to Continued Growth. The Clement management team (L to R: Joe, Nick and Tony Clement) on the site of their new company headquarters. Nick Clement recently came into real estate as a second-generation family member, following the footsteps of his brothers Joey and Tony who did so 20-plus years ago.

Brokerage 125

Brokerage Design Development Technology 125

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.

Industrial

Housing Wire

MAY 11, 2021

Opendoor wants to give residential real estate brokerages a run for their money , but its first quarter earnings suggest the company is not quite there yet. The San Francisco-based instant homebuyer announced a net income loss of $270 million on Tuesday, a 421 percent jump compared to the first quarter of 2020’s $62 million deficit. The Q1 2021 loss approached Opendoor’s $280 million net income loss for all of 2020.

Title 370

Title Brokerage Residential Technology 370

Brownstoner

MAY 11, 2021

In a World War II-era housing complex originally designed for Navy officers and the enlisted, this Clinton Hill co-op has some appealing features, including a spacious layout with room for a home office. The Clinton Hill Cooperatives, designed by Harrison, Fouilhoux & Abramovitz, is a complex of 12 buildings stretched over… Read More > The post One-Bedroom in Clinton Hill Cooperatives With Dual Exposures, Blue-Tiled Bath Asks $650K appeared first on Brownstoner.

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Design 122

Realtor.com

MAY 11, 2021

Getty Images Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday , citing the results of a survey of nearly 1,000 U.S. adults conducted in April. Last year, only 50% of people felt this way, marking a record low since Gallup began tracking Americans’ sentiment on the housing market in the 1970s. 53% of Americans believe now is a

As-is 116

As-is Marketing Mortgages Sales 116

The Mortgage Report

MAY 11, 2021

Is buying a house a good investment? It depends on your goals. A house is a great investment if you need a place to live, but may not maximize your returns.

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Brokerage

Realtor.com

MAY 11, 2021

realtor.com This week’s oldest listing dates all the way to 1652. Known as Toddsbury, the Virginia farm comes with 56.4 acres, plus a manor home from over a century before the United States was founded. Also dubbed the “Jewel of Tidewater,” it sits on a full mile of waterfront on the North River and is filled with lavish gardens. It’s not the only old home to land on the market this week loaded down with extras.

Renovation 116

Renovation Land As-is Investor 116

Better Dwelling

MAY 11, 2021

Canadians should prepare for the Hunger Games and an all-out attack on affordability. That’s the takeaway from the Canada Mortgage and Housing Corporation (CMHC) Spring 2021 forecast. Last year’s doomsday forecast is now followed by one of ambitious price growth. The national housing agency’s worst-case scenario is prices grow much faster than incomes.

Mortgages 115

Mortgages 115

Agent Drive

MAY 11, 2021

Broader marketplaces and greater mobility continue to affect many industries. Real estate is a perfect example of how technology can make the sales and leasing process more cost-effective, efficient, and targeted. Through advances in real estate app development and other forms of customer service/outreach, buyers can open their range of possibilities and sellers can qualify […].

Development 111

Development Industrial Technology Sales 111

RIS Media

MAY 11, 2021

Despite the challenges of 2020, home sales rose dramatically. Homeowners either “stepped up a level” to find the home of their dreams—one with more outdoor space or the home office they now found they needed—or families repaired and sometimes even remodeled their existing homes with an aim to improve stay-at-home conditions. No matter which way things went down, Pillar To Post Home Inspectors® inspected real estate valued at over $55 billion and served hundreds of thousands of custom

Inspection 105

Inspection Due diligence As-is Agents 105

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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.

Agents

Eye on Housing

MAY 11, 2021

Job openings in construction increased in March to 344,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. Overall, hiring in the construction sector increased in March, rising to a 6% rate.

Construction 105

Construction Marketing 105

Brownstoner

MAY 11, 2021

After widespread public backlash, state park honchos are overhauling their designs for Williamsburg’s Marsha P. Johnson State Park — halting their colorful tribute to the green space’s LGBTQ namesake, while adding almost four basketball courts worth of greenery to the waterfront lawn on Kent Avenue. “We’ve had really great conversations and… Read More > The post New Plans for Marsha P.

Design 105

Design 105

RIS Media

MAY 11, 2021

Realty ONE Group recently sold the franchise rights to new owners looking to bring the company’s branding and business model to Singapore. With his wife Sock Hoon Spearman, Robb Spearman, who is Realty ONE Group Heartland Region’s regional director and co-owner of Realty ONE Group Impact in West Des Moines, Iowa, have acquired the franchising rights for the country of Singapore, located in Southeast Asia. “We’re more than ready to take the popularity of the brand and the

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Branding Agents Industrial 98

Brownstoner

MAY 11, 2021

Brooklynites who have been busy nurturing their green thumbs over the last year will have a chance to show off their skills and beautify their blocks with the return of the Greenest Block in Brooklyn contest. The annual contest didn't take place last summer but is returning this year with… Read More > The post Get Your Window Boxes Ready and Enter the Greenest Block in Brooklyn Competition appeared first on Brownstoner.

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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.

Agents

RIS Media

MAY 11, 2021

When it comes to engaging with clients and building a following, live streaming can help any agent take their social media strategy—and their personal brand—to the next level. From hosting live Q&As about current market conditions to developing a talk show for hundreds—or thousands—of potential clients, live streaming is a great way to stand out and reel in some fresh eyes on your listings and brands.

Branding 98

Branding Development Agents Loans 98

Coldwell Banker

MAY 11, 2021

The Coldwell Banker brand furthers its commitment to increasing diversity and inclusion in real estate, bringing the number of affiliated companies that joined via the program to 14. The post Coldwell Banker Welcomes Four New Affiliated Companies Under Inclusive Ownership Program appeared first on Coldwell Banker Blue Matter.

Branding 98

Branding 98

RIS Media

MAY 11, 2021

The National Association of REALTORS® (NAR) recently released data showing that nearly every metro area it tracks—99%—posted year-over-year price increases in the first quarter of 2021. The 11 metro areas with the highest price increases were: – Kingston, N.Y. (35.5%; $303,100). – Bridgeport-Stamford-Norwalk, Conn. (34.3%; $580,400). – Atlantic City-Hammonton, N.J. (34.0%; $277,200). – Barnstable Town, Mass. (33.1%; $567,600). – Boise City-Nampa, Idaho (32.8%; $422,

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New Construction Construction Marketing Sales 98