Tue.Aug 02, 2022

3 Graphs To Show This Isn’t a Housing Bubble

Keeping Current Matters

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. For Buyers For Sellers Foreclosures Housing Market Updates Content Hub

Single-family rental market shows little sign of cooling 

Housing Wire

Even as rising interest rates and housing prices have put homeownership further out of the reach of many individuals and families, demand for single-family rental (SFR) properties remains strong and monthly rents robust, according to the inaugural National Rental Report from proptech firm HouseCanary.

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The Mix of Home Buyers Is Changing, Leading to Improved Affordability

Eyes on Housing

For the first time since 2020, affordability expectations improved in the second quarter of 2022. After rising steadily for five straight quarters, the share of buyers who can only afford a minority of the homes for sale in their markets declined to 77%, down from 81% a quarter earlier.

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Rocket doubles down on solar

Housing Wire

Rocket Loans will be offering loans to customers who are installing solar panels, the lender announced Tuesday. The news comes exactly one year after its parent Rocket Companies announced it would enter the green energy game in 2022.

Equity 301

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 this webinar, Keller Williams Team Leader Trey Willard will teach you how to create a winning tech stack, and how to leverage apps for real estate success.

Second Quarter of 2022 Homeownership Rate at 65.8%

Eyes on Housing

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.8% in the second quarter of 2022, which is statistically unchanged from the last quarter reading (65.4%). The national rental vacancy rate slipped to 5.6%, while the homeowner vacancy rate stayed at 0.8%.

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More Trending

FTC nails Opendoor with $62M fine for misleading consumers

The American Genius for Real Estate

Opendoor has been fined millions for their claims of "more accurate offers and lower costs." The FTC says the opposite is true. The post FTC nails Opendoor with $62M fine for misleading consumers appeared first on The American Genius Real Estate.

Rithm Capital posts $3M loss as it “right-sizes” mortgage business

Housing Wire

Rithm Capital , formerly known as New Residential Investment , lost $3.3 million in the second quarter of 2022, largely due to fees caused by its break from Fortress Investment Group and a decline in residential mortgage originations.

Appraisal Myths Too Many Sellers Believe

Maximum Exposure Real Estate

Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale?

Which mortgage tech advancements are making the biggest impact? 

Housing Wire

Getting a mortgage is becoming an increasingly digital experience, with lenders and borrowers benefiting from saved time and fewer hiccups.

Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

In this webinar, Mary Maloney will demonstrate a methodology that will help you create a pipeline with continuous prospects.

How to deal with clients who are consistently late

The American Genius for Real Estate

When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate. Real Estate Brokerage professionalism Real Estate News

FoA cuts workforce amid company restructuring, market downturn

Housing Wire

Multichannel lender Finance of America (FoA) has laid off hundreds of employees across several rounds in the second and third quarters of 2022. The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire.

Younger buyers drive homeownership rate in Q2 2022

Real Trends

Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau.

VA now accepting desktop and exterior-only appraisals

Housing Wire

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. The changes took effect July 27.

The Complete Realtor: Tools to Successfully Manage Your Personal Life, Career, and Health

Speaker: Marki Lemons Ryhal, REALTOR, Keynote Speaker, 4X International Best Selling Author, and Podcaster at ReMarkiTable, LLC

In this webinar, Marki Lemons Ryhal will teach you how you can pivot and succeed as a real estate agent in the face of adversity!

Are ‘Terminated’ Listings Out Of Control?

Toronto Realty Blog

TorontoRealtyBlog. Did you know that Arnold Schwarzenegger was my hero when I was younger? True story. I was one of the very fortunate few who got to experience this thing called a “laser-disc player” in 1992. What in the world is a laser-disc?

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Endpoint launches scalable title features for proptech integration

Housing Wire

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform.

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Real Estate Client Retention: 3 Strategies for Keeping Past Clients on Your Roster

Realty Biz

Make it personal. Success in this business is directly related to the relationships you build over time. How do you do that? Spend $50 a day on building one-on-one relationships with clients focused on two-way communication.

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The economics behind a permanent forbearance plan

Housing Wire

Foreclosures cost a lot of money. A conservative estimate of the financial toll on the borrower, the creditor, the guarantor and the surrounding community shows a foreclosure can cost upwards of $65,000.

Database Restoration: How to Revive Dead Leads and Generate New Ones

Speaker: Rivers Pearce, CEO of W8LESS

In this session Rivers Pierce, CEO of W8LESS, will teach you how winning agents restore and revive their database to continue to gain market share!

How to set your marketing team up for success

App Folio

In 2021, when businesses were reevaluating standard operating procedures in light of the shakeup caused by the pandemic, AppFolio worked

Don’t miss the Vanguard Forum at HW Annual Oct. 4

Housing Wire

Since we first started recognizing our HousingWire Vanguard award winners years ago, one key theme has been very clear — Vanguard honorees all share an unmistakable impact on the industry at-large. This immense impact on the industry is why we’re thrilled to bring some of the greatest housing leaders of all time together for our inaugural Vanguard Forum at HousingWire Annual. The Vanguard Forum is invitation-only and will be hosted as a sub-segment of HousingWire Annual on Oct.

8 Migration Hotspots Where Home Prices are Below the National Median

Redfin

In 2022, more people are looking to relocate than ever before. 32% of homeowners explored relocation in the first quarter of the year alone, creating migration hotspots all over the country.

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Fast Fixes for Carpet Stains, Smudged Walls, and Other Household Flaws

Realtor.com

BanksPhotos/Getty Images If you’ve been in your home for a while, it’s probably withstood a good amount of wear and tear. Maybe even a great amount. Scratches on the wood floor, stains on the carpet, your kids’ crayon “art” on the wall—that’s just life.

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The Real Estate Pulse: Analyzing the 2022 Housing Market

Speaker: Grier Allen, CEO and Co-Founder of BoomTown

In this session, Grier Allen, CEO and Co-Founder of BoomTown, will breakdown the top housing trends for 2022, and help you navigate the constant changes in the market so that you can achieve success!

What is Section 42 Housing

Redfin

Section 42 housing is a type of subsidized housing intended to assist renters with low income get safe, affordable housing.

Top 3 Vacation Spots in Central America

Realty Biz

Central America is a stunningly beautiful place to visit. Those who are lucky enough to visit the region can see truly picturesque vistas every day! The incredible scenery is part of why Central America is a key tourist destination for millions of visitors worldwide.

Floating House? Hint, that Doesn’t Mean You Live on a Boat

Redfin

When you think of living in Seattle , you probably think of the Space Needle, Pike Place Market, endless coffee shops, and houses overlooking the water or even on the water.

Canada’s Tax Authority Has Been On A Multi-Billion Dollar Real Estate Crackdown

Better Dwelling

Canadian real estate owners are stuck paying a buttload in penalties after trying to avoid taxes owed. New data from the Canada Revenue Agency (CRA) shows their crackdown on real estate owners/sellers has led to billions in recouped revenue.

Become THE Social-Savvy Agent With This Free eBook

Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Get your copy today!