Housing Wire
JUNE 22, 2021
The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. We’ve broken down some of the data below, but be sure to take a deeper dive into the report by clicking here. The post Will we ever see a “normal” housing market again? appeared first on HousingWire.
Keeping Current Matters
JUNE 22, 2021
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market , with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer.
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Housing Wire
JUNE 22, 2021
Crazy. Horrible. Grueling. These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. Redfin reported earlier this month that the national median home-sale price hit a record high of $377,200 in May, up a record 26% year over year.
Realty Biz
JUNE 22, 2021
What to Know About a Seller Concession. Many terms get bantered around in real estate that either a buyer or seller may not know the meaning of. One such term is seller’s concessions. It is not uncommon at all for a client to ask what are seller concessions. Seller concessions are monies that a homeowner agrees to credit to a buyer in a real estate transaction.
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Housing Wire
JUNE 22, 2021
Existing home sales fell for the fourth consecutive month in May, down.9% from April to 5.8 million, the National Association of Realtors reported on Tuesday. According to the NAR, despite existing home sales falling, activity is slowly approaching pre-pandemic levels. The low amount of existing homes left on the market continued to experience overheated prices from consistent competition.
Better Dwelling
JUNE 22, 2021
Weak home sales and generally slowing demand have sent lumber prices into a tailspin. The price for the commodity shed another 7 points over the past 7 days. Lumber is now trading at almost half the cost it was 45 days ago, at the record high. Even with that kind of haircut, experts see prices […]. The post Lumber Prices Have Crashed Over 45%, Dropping A Point Per Day On Average appeared first on Better Dwelling.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Sotheby's International Real Estate
JUNE 22, 2021
In 1848, New York phrenologist Orson S. Fowler published a book titled “The Octagon House, A Home for All,” in which he argued that compared to their four-sided cousins, eight-sided homes were healthier—with plentiful windows and a cupola to let in more natural light and fresh air—and more economical—the octagonal shape maximizing interior space and creating a more efficient floor plan.
Housing Wire
JUNE 22, 2021
The forbearance rate is officially below 4% for the first time in a year. Servicers’ forbearance portfolio volume fell 11 basis points last week to 3.93%, according to a survey from the Mortgage Bankers Association. The MBA now estimates 2 million homeowners are still in some form of a forbearance plan. In addition to last week’s drop, every investor category experienced some form of decline.
Realtor.com
JUNE 22, 2021
Getty Images. You did the research, found a real estate agent you thought was right for the job, and signed an agreement to let the pro list your property. But if time passes—and if your house doesn’t sell—you might start wondering: Can you cancel that real estate contract—and if so, at what cost? In a perfect world—one in which we all read every bit of fine print before signing a legally binding document—you would already know the answer to these questions because they are in the listing
Housing Wire
JUNE 22, 2021
Austin, Texas-based Enverus announced its acquisition of Integrity Title Company , a provider of title plant access in Texas and New Mexico. In a statement, Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants. Scott Luna, Integrity Title director, said the company’s plant databases currently cover 92 title plant counties in Texas and 15 title plant counties in New Mexico.
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.
BubbleInfo
JUNE 22, 2021
The last time we had a big surge in pricing, the median sales price went up 100% in five years. But that was twenty years ago when the boomers were all young enough to move frequently, causing plenty of homes to be for sale. By now, most (if not all) of those boomers are settled […].
The American Genius for Real Estate
JUNE 22, 2021
(REAL ESTATE) While murmurs of a housing bubble permeate the market, home sales slide and inventory levels remain wildly restrictive. The post Home sales slip for fourth consecutive month, yet spike annually appeared first on The American Genius Real Estate.
Realty Biz
JUNE 22, 2021
There are signs that competition among buyers in the red hot housing industry is easing, though the market still remains much more competitive than in recent years. A recent report from digital real estate brokerage Redfin has shed light on the reduced demand for mortgage application purchases in May. In other words, there were slightly less people applying for mortgages that month.
BubbleInfo
JUNE 22, 2021
The fight between the NIMBYs and AirBnb/VRBO/Pacaso homes is only beginning… Pattie Dullea stepped out one morning last month in Napa, Calif., to have a word with the young man who pulled up in an antique sports car to tour the home across the street. “You might not want to buy there,” she said she […].
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Maximum Exposure Real Estate
JUNE 22, 2021
What Do Real Estate Agents Charge For Commission? Probably one of the most asked questions in real estate is, “how much is a real estate commission”? One thing you should know from the get-go is that commission on real estate is entirely negotiable. There is nothing anywhere that says a commission needs to be a […]. The post How Much is Real Estate Agent Commission: The Guide to Commissions appeared first on Massachusetts Real Estate Exposure.
First Team Real Estate
JUNE 22, 2021
Dana Point Office Manager Mark Kojac helped his team rank #1 in Highest Sales Volume company-wide for 2020. As the #1 selling FirstTeam Office in 1993 and 2003 – 2018, Mark is a bona fide legend within the company. Extremely knowledgeable and unflinchingly direct, he is best known for helping his agents build lasting careers in real estate. How did you begin your career in real estate, and at FirstTeam?
Waterfront Properties
JUNE 22, 2021
Jupiter’s premier shopping, dining, entertainment, and luxury accommodations destination Harbourside Place is preparing to host three events this upcoming weekend. Gather your friends and family and head to Harbourside Place for some fun events perfect for everyone to enjoy. Events Happening This Weekend: June 25th through June 27th Classic Car Show: Saturday, June 26th Check out some of the world’s most unique and antique cars at the Classic Car Show happening this Saturday.
Realty Biz
JUNE 22, 2021
Zillow has made some big updates to its Zestimate home valuation tool, enhancing its algorithms to allow it to react faster to market trends. The changes improve its national median error rate to just 6.9%, an improvement of almost a full percentage point, Zillow said. Zillow’s Zestimate tool provides a quick and simple way for homeowners to get an accurate idea of their home’s value.
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.
RIS Media
JUNE 22, 2021
Cynthia Benchick. Vice President/Principal Broker. Charles Rutenberg Realty Fort Lauderdale. Fort Lauderdale, Florida. www.CRRUnited.com. Region served: Fort Lauderdale and South Florida. Years in real estate: 23. Number of offices: 1. Number of agents: 1,010. Jameson Doris: You merged your brokerage with United Real Estate in October 2019. What ultimately brought you to this decision?
Coldwell Banker
JUNE 22, 2021
The following guest post was co-written by Lynn Kaiser Conrad, Brand Ambassador, and Kaitlin McMurdo, International Affiliate Service Director, for Coldwell Banker Real Estate LLC If you’re looking for a place… a special place… Imagine an oasis in the desert. Imagine looking from your feet to the sky, gazing upon an architectural marvel and knowing […].
RIS Media
JUNE 22, 2021
If you haven’t tuned into our RealEdge podcast yet, head over to rismedia.com/podcasts/ to hear from the industry’s best and brightest on all things real estate. From productivity and business building strategies to leadership skills and competitive advantages, you’ll garner insights that will set your business up for success. Here’s just a few of the guest speakers we’ve had on RISMedia’s RealEdge podcast: – Lennox Scott, CEO, John L.
App Folio
JUNE 22, 2021
What’s happening in the Los Angeles multifamily market is a microcosm of what’s happening in the broader US market. Rents.
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.
The Mortgage Report
JUNE 22, 2021
A mortgage teaser rate is a low introductory rate that can rise later on. These interest rates offer great deals, but they can be risky. Learn more here.
Brownstoner
JUNE 22, 2021
This week, our look back at four of our featured listings from six months focuses on homes in Brooklyn Heights, Park Slope, Kensington and Boerum Hill. How did they fare? While not abundant in square footage, our first one this week, an Art Deco-era studio, has all the benefits of apartments… Read More > The post Brooklyn Real Estate Six Months Later: Two Sold, Two in Contract appeared first on Brownstoner.
Better Dwelling
JUNE 22, 2021
The economic cliff many are worried about when pandemic support is withdrawn may not be so bad. That’s the take from National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme. The “big six” economists crunched the numbers on disposable income, minus pandemic support. Disposable income has already resumed the pre-pandemic growth trendline.
REM Online
JUNE 22, 2021
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Rising mortgage debt can correct housing market. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Canadian households are “loaded with mortgage debt”.
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Realtor.com
JUNE 22, 2021
Realtor.com As explorers began to build out what would become the American Colonies, an English Tudor stone cottage in Pennsylvania was erected in 1650. Miraculously, the home is as beautiful as ever well over three centuries later. The charming home is now up for sale, making it the oldest listing to hit the market this week on Realtor.com®. Like this Pennsylvania antique, the week’s other vintage properties have all been lovingly brought back to life.
The Mortgage Report
JUNE 22, 2021
Today’s mortgage and refinance rates Average mortgage rates inched lower yesterday. And that was enough to wipe out Friday’s equally tiny rise. But nearly all the damage wreaked last week […].
BubbleInfo
JUNE 22, 2021
That face when you find out you’re included in Wall Street Journal’s America’s Best Real Estate Professionals list for 2020! We were one of only 92 Compass teams to be included. THANK YOU to our team members for assisting us, our clients for trusting us, and our friends, family, and blog readers for supporting us […].
RIS Media
JUNE 22, 2021
(TNS)—Are you over 40 and suddenly feel like you’re straining to read things right in front of your face? Eye experts at Mayo Clinic say it’s actually a normal—and sometimes annoying—condition of the eye that is a part of aging. Reporter Jason Howland explains in today’s Mayo Clinic Minute. If you’re over 40 and your vision is starting to get fuzzy, you’re not alone. “It happens to 100% of humans.
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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