Housing Wire
DECEMBER 2, 2021
It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019.
Keeping Current Matters
DECEMBER 2, 2021
If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right team of experts. Research from Freddie Mac shows 28% of all households (36.1 million) are sole-person, and that number is growing. Over the past 40 years, the number of sole-person households has nearly doubled, and that’s a trend that’s expected to continue.
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Housing Wire
DECEMBER 2, 2021
Mortgage rates increased one basis point to 3.11% in the week ending Dec. 2, ignoring the volatility in the financial markets caused by the Omicron Covid variant , according to the latest Freddie Mac PMMS mortgage report. A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday. Mortgage rates are in a historical low level, but the expectation is that they will increase in the coming months due to higher interest rates.
Realtor.com
DECEMBER 2, 2021
Realtor.com / Getty Images Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. That’s the highest it’s hit since November 1990, over 30 years ago, and a steep uptick from the manageable 2% that we’ve enjoyed for the past five years. Translated to your daily life, this means Americans are shelling out more money for just about everything , from gas for your tank to heating bills to groceries and more.
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Housing Wire
DECEMBER 2, 2021
Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”. Also, the company’s board of directors authorized the repurchase up to $750 million in shares of Zillow stock, according to a press release. It marked Zillow’s first major statement since announcing the wind down of the Zillow Offers’ iBuying program last month.
Better Dwelling
DECEMBER 2, 2021
Canadian real estate has outgrown productive investment for a few years, but it’s never been this bad. National Bank of Canada (NBC) found that Canadians now invest more in homes than businesses. It’s the first time since the early 1960s that housing investment has grown larger than private investment. The “Big Six Bank” says this […]. The post Canada Might See Capital Flight After Real Estate Overtakes Private Investment: NBC 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.
Fancy Pants Homes
DECEMBER 2, 2021
Named one of the most successful investors in the world, one might assume that Warren Buffett lives in the lap of luxury. But, in fact, the billionaire owns a modest house that is worth 0.001 percent of his total wealth. Here’s the full scoop on the Omaha, Neb. house that Buffett has lived in and loved for six decades. The story behind the billionaire’s humble abode.
Housing Wire
DECEMBER 2, 2021
The mortgage industry is contending with a loan-underwriter shortage that has acted like a governor on an engine — slowing the pace of a fast-growing private-label securitization market. The shortage stems from the imbalance created by the robust demand for underwriters in the private-label market set against the relatively stagnant supply of available underwriters — who also are in high demand in the booming mortgage-origination sector.
HomeLight
DECEMBER 2, 2021
You’re antsy for new digs, and you just need to sell your current home to snag that dream house. But before you box up your prized LEGO® collection and book a moving truck, you need to answer the nagging question at the back of your mind: What’s it going to cost to sell my house? In this guide, we dive deep into what costs sellers should expect to pay.
Lighter Side of Real Estate
DECEMBER 2, 2021
2021 was, to say the least, an interesting year in real estate. But as the year comes to a close, the big question on everyone’s mind is what does 2022 have in store? A recent article from realtor.com outlined some of their economists’ predictions for the 2022 housing market, including: Home prices will stay high—but price growth will slow down. Home prices rose high and fast in 2021, with realtor.com economists predicting a 12 percent rise for 2021.
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.
Brownstoner
DECEMBER 2, 2021
Trader Joe’s Williamsburg outpost will officially open Friday, December 10, the store announced today. When Brownstoner stopped by 200 Kent Avenue Sunday, a mural decorating the entrance had been completed and work was still going on inside. Opening day will include a ribbon-cutting ceremony and live music, according to a store… Read More > The post Trader Joe’s Reveals Williamsburg Store Will Open Friday, December 10 With Live Music appeared first on Brownstoner.
Easy Agent Pro
DECEMBER 2, 2021
In the beginning, many small business owners take on most of the routine tasks of running the new business. They do everything from janitorial to accounting and marketing. . The smart ones eventually start outsourcing real estate tasks. Those who don’t, become “… prisoners of their own success,” according to David Tal, co-founder and CEO of Agentology.
Eye on Housing
DECEMBER 2, 2021
Nonfarm payroll employment increased in 47 states and the District of Columbia in October compared to the previous month while three states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 531,000 in October, following an upwardly revised increase of 312,000 jobs in September. On a month-over-month basis, employment data was strong in.
Better Dwelling
DECEMBER 2, 2021
It doesn’t matter if your city just saw massive price gains; they might see another year of excessive growth, interest rates be damned. That’s essentially the take from Re/max, one of Canada’s largest estate brokerages. The firm is forecasting massive growth across the country next year, with markets rising up to 20% over the next […]. The post A Large Canadian Real Estate Brokerage Has Forecast Prices Will Rise Up To 20% appeared first on Better Dwelling.
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The Mortgage Report
DECEMBER 2, 2021
Today’s mortgage and refinance rates Average mortgage rates rose yesterday, breaking a run of three consecutive days of falls. But that increase was relatively small, barely making a dent in […].
Agent Drive
DECEMBER 2, 2021
Many New Yorkers will tell you that New York is a demanding place to live. House rent is unreasonable, you cannot drive your car every day, and the cost of living is very high. Things are even more complicated if you are a newcomer. However, there are many great opportunities and wonderful places to visit. […]. The post Your Survival Guide if You Move to New York appeared first on AgentDrive.
Miller Samuel INC
DECEMBER 2, 2021
The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication. I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. [click to expand image] The post Listing Inventory Trends In The Time Of COVID first appeared on Miller Samuel Real Estate Appraisers & Consultants.
Point2Homes
DECEMBER 2, 2021
When it comes to our homes, now more than ever, we want it all: Amazing location, plenty of square footage, and a price tag that doesn’t look like the owner misplaced a comma. But most homebuyers already know that this golden triad of optimum space, great location, and affordable price is as elusive as it is desirable. However, no one is ready to give up trying.
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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.
Realtor.com
DECEMBER 2, 2021
Realtor.com A dome home compound in Scottsdale, AZ, with all the elegant accouterments of a more conventional luxury estate, is available for the first time. The geodesic delight is listed for a lofty $3.75 million. More than a simple dome home, this six-bedroom desert dwelling could be better described as a dome mansion. It offers 9,576 square feet of living space and sits on just over 5 acres of lovely desert landscape, with dramatic mountain views.
Brownstoner
DECEMBER 2, 2021
Broadway Junction, one of Brooklyn’s busiest subway stations and most crucial transfer points, is finally set to become accessible for people with disabilities with the construction of seven new elevators, Senator Chuck Schumer announced in late November. The feds have allocated $15 million to construct the elevators, as well as ramps,… Read More > The post ADA Transformation of Broadway Junction Coming With Installation of Elevators appeared first on Brownstoner.
Realty Biz
DECEMBER 2, 2021
You may think that, when you buy a house, the only important thing is the house itself. While the house will play the biggest role, a good estate agent can help you find the perfect house. If you want to sell your house, a good estate agent can also be the difference between your house selling quickly or staying on the market for months. You can probably see that a good real estate agent is important for anyone wanting to buy, rent, or sell a house, but the problem is that you may not know what
Brownstoner
DECEMBER 2, 2021
In the News Contract Given for Demolition of Brooklyn Detention Complex [Eagle] Ice Cream Flavor Benefits Brooklyn-Based Racial Justice Groups at the Social [BP]. Rat Sightings on the Rise in Bed Stuy [BK Reader] Bushwick Celebrates Return of Holiday Lights [Bushwick Daily] Brooklyn Heights UniFair Returns on Saturday, December 4 [BHB] City Harvest Food… Read More > The post Daily Links: Expert in Decommissioning Nuclear Plants Wins Contract to Raze Brooklyn Jail appeared first on Brow
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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.
Realty Biz
DECEMBER 2, 2021
When it comes to real estate, making a good purchase decision is essential because the home you choose for you and your family can affect your quality of life. To find a home where you can live a comfortable and pleasant life, you have to pay attention to many details. Location, neighborhood security, price, construction quality, layout, and amenities are only a few essential factors to consider.
Brownstoner
DECEMBER 2, 2021
What began as a call from a concerned homeowner about a plaster medallion that had fallen off the ceiling, narrowly missing his daughter's head, "turned into a gut," said architect Dan Kaplan of Gowanus-based Bowerbird Architects, who received the worried call. "He wanted me to look at the structural stability," Kaplan recalled… Read More > The post The Insider: Architect Carves Two Duplexes Out of Narrow Carroll Gardens Brownstone in Dire Straits appeared first on Brownstoner.
Notorious ROB
DECEMBER 2, 2021
I was going to start the transition to the new approach to Notorious ROB in the new year. But frankly, there’s just too much to talk about and I can’t wait that long. So just imagine that this was posted on New Year’s Day of 2022 and we’ll both pretend that the transition began then, Read more. The post Blockchain and Real Estate: Revisiting, Revising, Reimagining appeared first on NotoriousROB.
Brownstoner
DECEMBER 2, 2021
This floor-through apartment offers a decent amount of space for a one-bedroom, some original details, in-unit laundry and a newly built kitchen and bathroom. It's located on the third floor of a four-story townhouse at 125 Bainbridge Street in the Stuyvesant Heights Historic District. The Romanesque Revival-style red brick… Read More > The post Bed Stuy One-Bedroom With Wood Mantels, Stained Glass, Laundry Asks $3K a Month appeared first on Brownstoner.
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RISMedia
DECEMBER 2, 2021
By Brentnie Daggett Water damage is a homeowner’s worst nightmare. Not only can it cause devastating damage and decrease the value of your home, but it can also pose real health risks if left unaddressed. There are a number of issues that can lead to water damage in the home, ranging from something as simple […]. The post 4 Water Damage Tips for Homeowners appeared first on RISMedia's Housecall.
REM Online
DECEMBER 2, 2021
The following content may have been republished here without the author's permission. The original post can be found at the following URL: Avoiding trouble when selling properties with tenants. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Here’s an article about how agents can avoid a mistake and a potential lawsuit when selling a property with a tenant.
Realty Biz
DECEMBER 2, 2021
Treating your water can be a simple task if you follow the correct guide. You can achieve your water goals without involving the “experts” or spending a fortune. You don’t need to get a huge complicated machine either. Water treatment can be easy, and this article will show you how to fix your water complaints. Pay close attention; we’ll guide you through water filtration and water softening, what option you should use and why it’s important.
Better Dwelling
DECEMBER 2, 2021
Greater Vancouver real estate took a while to notice the credit injection, but it’s making up the lost time. Real Estate Board of Greater Vancouver (REBGV) data shows home prices hit a record in November. The price of a typical home is now rising at the fastest annual rate since 2018. A Typical Home In […]. The post Vancouver Real Estate Climbs $12,000 In A Month, Sees Biggest Growth Since 2018 appeared first on Better Dwelling.
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