Housing Wire
MAY 21, 2021
According to the National Association of Realtors, existing home sales for April’s housing market came in at 5,8500,000. This was a miss from estimates and the third straight month of declines in sales. I have been saying we should expect home sales to moderate since the end of summer 2020, and that is what we see in this report. This sales trend looks very normal to me.
Keeping Current Matters
MAY 21, 2021
Some Highlights. For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Contact a local professional if you’re ready to make real estate your best investment this year.
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Housing Wire
MAY 21, 2021
Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019.
Point2Homes
MAY 21, 2021
Image: William Potter / Shutterstock.com. Buying a home might seem simple, but there’s actually a lot more involved than you might initially think. For instance, in addition to a variety of new terms to understand, there’s also paperwork to complete and fees to pay before closing on your new home. And, while you might be tempted to rush through the process as quickly as possible, cutting corners could be financially detrimental in the long run.
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Housing Wire
MAY 21, 2021
A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021. In two-thirds of all Opportunity Zones, prices rose at least 10%. The report studied 4,579 Opportunity Zones in the country with at least five home sales in the first quarter of 2021. 43% of those zones had median home prices of less th
Better Dwelling
MAY 21, 2021
Canadian property bubbles have seen affordability creep past the world’s most influential cities. Oxford Economics released new North America Housing Affordability Indices (HAIs) for Q1 2021. The index measures housing affordability for the median household in various cities. They found Canada’s hottest real estate markets are now less affordable than globally influential US cities.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Homes.com
MAY 21, 2021
We highlight eight of the most common features of HGTV Dream Homes, PLUS our top tips for incorporating them into your own home! The post Love HGTV Dream Homes? Check Out These 8 Common Features! appeared first on Homes.com.
Housing Wire
MAY 21, 2021
As the mortgage market swings back to purchase, lenders are looking at ways to welcome new customers, clients and colleagues as they expand their reach. That’s why we’ve invited Movement Mortgage ‘s vice president of marketing Jake Fehling to speak about marketing to reach a diverse audience at engage.marketing on June 17. Prior to his career in the financial services industry, Fehling spent four years in executive search in the life sciences, leading or assisting on multiple senior-
Better Dwelling
MAY 21, 2021
Canadian mortgage borrowers are increasingly overleveraged, while better-positioned ones take a step back. Bank of Canada (BoC) data shows overleveraged borrowers represented a larger share of new mortgage debt in 2020. The rise came at the expense of those with better debt levels. That means there is a lot more risk entering the market, for […].
Housing Wire
MAY 21, 2021
Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT , an affiliate of Investors Title and National Investors Title Insurance Company , which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia. The new integration will enable customers to place online orders for SearchCONNECT’s title search and policy-typing solutions without leaving the RamQuest website
Advertiser: Trellis
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.
Eye on Housing
MAY 21, 2021
After reaching a record high in October, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a ten-month low in April, as tight inventory continues to limit sales and fuel home price growth. The median existing home price in April surged to an all-time high and was the largest annual pace on record. Total existing.
Sotheby's International Real Estate
MAY 21, 2021
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Granite Bay, California | Tricia Rossi & Nick Sadek, Nick Sadek Sotheby’s International Realty . Swan Lakes Castle Club, a snow-white medieval-style castle 24 miles northeast of downtown Sacramento, comes with 14 trained white peacocks, eight swimming swans, a flock of mandarin ducks, a rooster, chickens, three man-made lakes and Bellagio-style fountains whose waters gush to the
BubbleInfo
MAY 21, 2021
This historic home built on 1.27 acres in 1887 will be on the market for $2,995,000. From the U-T: The owners of a Queen Anne architectural gem in Carlsbad have appealed to the city in hopes of saving the historic house from the wrecking ball. “The home was built by Alonzo Jackson Culver, who also […].
Realty Biz
MAY 21, 2021
With the Centers for Disease Control and Prevention recently announcing that Americans who have been vaccinated no longer need to wear masks or observe social distancing in most cases, hopes are high that workers will soon return to the office. And that’s exactly what investors are betting on, causing prices to rise in the commercial real estate market as they snap up long-vacant office buildings in anticipation of demand.
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The Mortgage Report
MAY 21, 2021
Today’s mortgage and refinance rates Average mortgage rates edged lower yesterday. The trouble is, that makes just two falls over the last nine business days. First thing, it was looking […].
HomeLight
MAY 21, 2021
With the weather heating up and COVID-19 precautions easing around the country, it’s time to refresh your home for the summer. And what better way to redesign than to take advantage of Memorial Day sales? We’ve rounded up the best deals on appliances, outdoor furniture, and decor to kick off your summer mood as easily as a pair of flip-flops. Here’s a sampling of 2021 home-related Memorial Day sales as well as some clearance items on par with holiday discounts.
Realtor.com
MAY 21, 2021
Lindsay Brice / Contributor / Getty Images Kurt Cobain and Courtney Love were famous for being a hot mess—so it’s no surprise that a Los Angeles house once owned by the late Nirvana frontman and by Love, the founder of the band Hole, is quite the fixer-upper. It can be all yours if you’re willing to pony up $998,000. Listed with Sotheby’s International , the three-bedroom, three-bathroom house has seen better days.
RIS Media
MAY 21, 2021
Candace Adams , CEO and president of Berkshire Hathaway HomeServices New England, Westchester & New York Properties , oversees the brand’s operations and 1,800 agents across Connecticut, Massachusetts, New York and Rhode Island. Here, Adams offers insight into what it means to be an RISMedia Real Estate Newsmaker —individuals who are recognized for their positive contributions to the real estate industry—and how adapting in 2020 has helped her lead her company into the red hot market o
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.
Realtor.com
MAY 21, 2021
Getty Images Once a home trend gets started, it’s hard to leave it behind. As certain looks start popping up on your social feed and solidifying their place on the hot list, it’s tempting to hop on the bandwagon and buy into them, too. Yet design pros urge folks to think carefully about how they really live, day to day, before pulling the trigger on a look that seems cool.
RIS Media
MAY 21, 2021
Here are some ways to discuss fire safety with your children. Discuss Fire Hazards. Discuss potential dangers and tell your kids not to touch hazardous objects, such as the stove, matches and chemicals. Explain What to Do if a Fire Occurs. Point out smoke detectors in the home and explain that they make a sound if there is a fire. Point out ways to escape from every room in the house.
Realtor.com
MAY 21, 2021
Santiago Felipe/Getty Images The Grammy-winning musician Marc Anthony is also a winner in the world of real estate. He’s just sold his swanky estate in Coral Gables, FL. The massive Mediterranean mansion closed for a hefty $22,416,000. The high-flying price is 17% lower than the superstar’s initial asking price of $27 million in September 2020, but even so, the musician can walk away humming a happy tune.
RIS Media
MAY 21, 2021
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) increased eight points to 51 compared to the previous quarter.
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.
Brownstoner
MAY 21, 2021
On what looks to be a steamy weekend, our picks for open houses include a brownstone in Bed Stuy and a detached Colonial Revival with a garage in Flatbush. Found in Bay Ridge, Bed Stuy and Flatbush, they range in price from $1.678 million to $2,899,900. First up in Bay Ridge,… Read More > The post A Bay Ridge Standalone With a Pool and Three More to See This Weekend, Starting at $1.678 Million appeared first on Brownstoner.
RIS Media
MAY 21, 2021
Realogy recently announced a company-wide technology partnership with MoxiWorks to support the brokerage’s members and franchisees through an open ecosystem model. According to the company, the partnership decision was made amid a “tremendous amount of demand” in the industry to seek an end-to-end tech solution. However, what Realogy is after goes deeper than that.
Brownstoner
MAY 21, 2021
In the News A Lesson in Brooklyn Home Prices [NYT] Vax Site Opens on Riegelmann Boardwalk for One Weekend Only [BP] Boy Falls Through Open Subway Grate on Bushwick Playground [NYP] Bushwick Neighbors Ease Confusion Over Relocated Vaccine Hub [Gothamist] Brooklyn Restaurant Renaissance Is Cooking [The City] Brooklyn Rents Begin Flattening After Pandemic Decline: Study [Patch] The… Read More > The post Daily Links: Brooklyn Quickly Overtaking Manhattan as City’s Food Destination ap
Realty Biz
MAY 21, 2021
Vaccination rates are rising and with it, many states are seeing a rise in short-term vacation home bookings as people look to embark on long-awaited getaways this summer. “This is probably contradictory to what a lot of people may think, but it’s really one of the most exciting times in the industry right now,” Carrington Carter, the co-founder and managing partner of Getaway Society, a luxury vacation rentals company, told The New York Times.
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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.
Realtor.com
MAY 21, 2021
Getty Images With their vibrant yellow petals, set off by fuzzy brown centers, sunflowers easily steal the show in any garden or bouquet. “Sunflowers have an uncanny ability to make you happy. Whether they’re bright yellow or burnt orange, they bring a sense of warmth and joy to a home,” says Allison Katz , a gardening expert for Ferry-Morse, a home gardening supply company.
Realty Biz
MAY 21, 2021
It’s well known that inventory shortages and the high price of building materials are two of the main reasons that house prices are rising so fast, but not so many know about another pressing problem in the industry right now – a shortage of new appliances. New home buyers are increasingly struggling to find appliances and furniture to kit out their homes, and now it’s being reported that the shortages are unlikely to ease anytime soon.
Realtor.com
MAY 21, 2021
Houzz We might say, don’t bring drama into the bedroom—unless it’s one of the hard-hitting decor flourishes we’ve seen trending on Instagram this week. Yes, your bedroom should be a place to relax, but that doesn’t mean it can’t also make a statement, as this week’s amazing collection of decor inspiration proves. With cozy touches and artful details, these design trends are bringing theatrical vibes directly into your bedroom.
Brownstoner
MAY 21, 2021
From the street, the building for sale at 244 Putnam Avenue looks like one of the many traditional 19th century townhouses for which Bed Stuy is known. Step inside, however, and the 1879 building reveals creative modern updates mixed with historical details. Giant windows and wide openings on each level keep… Read More > The post Gut Renovated Bed Stuy Townhouse Blending Heritage, Modern Industrial Asks $3.895 Million appeared first on Brownstoner.
Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty
The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.
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