Tue.May 11, 2021

Volume-hungry mortgage lenders loosen credit standards

Housing Wire

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.

Experts Say Home Prices Will Continue to Appreciate

Keeping Current Matters

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?”

Insiders

Sign Up for our Newsletter

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

Mortgages for second homes skyrocket 178%

Housing Wire

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.

47% of Home Buyers Want an Exercise Room

Eyes on Housing

NAHB’s latest survey on consumer preferences – What Home Buyers Really Want – asked recent and prospective buyers about the desirability of an exercise room in the home. Results show that 47% of buyers rate an exercise room essential or desirable.

161
161

Lone Wolf acquires LionDesk and Homespotter

Housing Wire

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.

Title 331

Jump for Open Construction Sector Jobs in March

Eyes on Housing

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.

More Trending

‘Lumber truthers’ question veracity of shortage through social media

Inman

Despite lumber shortage data that's been released for consecutive months by industry associations, including the National Association of Realtors and the National Association of Home Builders, lumber-shortage truthers have taken to social media to dispel what they see as the myth of the lumber shortage.

Amid expansion, Opendoor lost $270M in Q1

Housing Wire

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.

iBuyer 295

Lone Wolf Technologies acquires LionDesk and HomeSpotter

Inman

"Ultimately, where we want to go is a fully connected digital platform with a single user persona,” said Lone Wolf CEO Jimmy Kelly about the purchases of CRM LionDesk and marketing technology provider HomeSpotter.

Guild breaks into Northeast with acquisition of RMS

Housing Wire

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

Keller Williams sees rising agent count, sales volume amid hot market in Q1

Inman

KW agents closed 272,688 transactions and did $98.1 billion in volume between January and March. The company also now has 180,376 agents across the world. What other insights into the company's fortunes does the report reveal?

Property condition information that’s cloud-based – “Word cloud” based

Housing Wire

Many factors contribute to the process of determining the value of a residential property. Two of the key components are quality and condition.

Buying a house is a great investment — if you need a home

The Mortgage Report

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. Buying a home First-Time Home Buyers Real Estate

94

How to defend your team against the top three threats to loan quality

Housing Wire

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.

Loans 237

89% of all metro areas saw double-digit home price gains in Q1

Inman

Amid widespread annual home price growth, 89 percent of all metro areas saw double-digit price gains, according to the National Association of Realtor's First Quarter Metro Home Prices report.

Doing a Shower Remodel? Consider These Ideas to Breathe Life Into Your Shower Renovation

Redfin

A shower should be a sanctuary, a stress-reducing environment, somewhere you can easily relax and free yourself of a hard day’s work. But if your shower is beginning to feel outdated or is showing signs of wear, a shower renovation may be needed to breathe new life into your bathroom.

NAR: ‘The MLS is under attack’

Inman

Lawsuits alleging that NAR rules regarding multiple listing services prop up commissions that inflate buyer and seller costs keep proliferating.

MLS 134

How To Buy A House In 10 Steps

Realty Biz

Buying a house is not something that can be taken lightly. It may be the largest, most important purchase you ever make. And to make sure this is the right house for you it needs to meet two objectives: offer the right space you and your family need and work with your budget.

Guild Mortgage acquires foothold in the Northeast

Inman

After going public last fall, Guild Mortgage is expanding its footprint into the Northeast with an agreement to acquire South Portland, Maine-based Residential Mortgage Services Holdings Inc. for roughly $197 million.

Chris Guérette named CEO of Saskatchewan Realtors Association

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: Chris Guérette named CEO of Saskatchewan Realtors Association.

83

Inman Handbook: Finding success in the short-term rental market

Inman

With this summer's short-term rental market poised to be one of the busiest ever, owners need to be on top of their game. Here's how investors and independent Airbnb hosts can succeed.

Subhir Uppal launches Redfin in Ottawa

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: Subhir Uppal launches Redfin in Ottawa.

Opendoor bounces back in first quarter after pandemic-driven downturn

Inman

The beginning of 2021 was better for the iBuyer than the end of 2020, though it still has a ways to go before reaching its pre-pandemic strength. Industry News Markets & Economy Select earnings eric wu ibuyer ibuying opendoor softbank wall street

iBuyer 129

“Early adopter” Dan Gray talks about joining eXp

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: “Early adopter” Dan Gray talks about joining eXp.

5 trends that will dominate the future rental market

Inman

The suburbs will likely continue to be popular, but who owns and lives in the houses may change, according to panelists at the Urban Land Institute's virtual Spring Meeting conference.

Coldwell Banker Welcomes Four New Affiliated Companies Under Inclusive Ownership Program

Coldwell Banker

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.

Bright MLS cracks down on abuse of pocket listing rule

Inman

A representative for the nation's second-largest multiple listing service said that the "vast majority" of Clear Cooperation Policy complaints turn out not to be in violation.

MLS 125

Strategies for Successful Streaming on Social Media

RIS Media

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.

10 new construction gotchas agents should watch out for

Inman

Navigating new construction is like walking through a field of landmines right now. You can never really be certain of the ground you are setting foot on because all continues to change at a rapid pace. Here are 10 things to watch out for when crossing the builder threshold.

House Price Growth Continues in April

Real Estate Investar

While the pace of house price growth might be slowing, property markets are clearly still in a strong bull market. Corelogic

7 things new agents should do every day for a year

Inman

New agents are constantly asking Mauricio Umansky, founder and CEO of The Agency, what he did in his first year as an agent to lay the foundation for his career. Here, he shares the daily habits that helped set him up for success.

Agents 124

What is Percentage of Vendor Discounting?

Real Estate Investar

Understanding the level of vendor discounting in an area is important as it can help you determine the level of demand for property in the area. Discount Research

82

Zillow vs. realtor.com: Mike DelPrete on their battle

Inman

It appears that Zillow's longstanding traffic lead over realtor.com is diminishing. It’s insignificant in terms of competitive advantage and revenue uplift — and might simply be an artifact of pandemic browsing patterns — but it does reveal a deeper truth around portal monetization.

123
123

Helping Clients Fulfill Their Goals and Dreams

RIS Media

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.