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.
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.
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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.
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.
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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.
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.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
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.
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.
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.
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.
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.
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
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.
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.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
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 […].
Realty Biz
DECEMBER 2, 2021
Remote work appears to be taking a tool on many individuals, with the loss of face-to-face interactions resulting in reduced emotional engagement. That’s according to a Jones Lang LaSalle study of 3,300 former office workers from around the world. It found that 66% of respondents cited “human interactions” as the element they miss the most since they began working by remote.
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.
Realty Biz
DECEMBER 2, 2021
Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Brandie: Hi Brian, I’m 20 years old and just rented my first place two months ago. It’s an extra bedroom in a large house with the parents of a high school friend.
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.
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
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.
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.
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.
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.
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.
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.
Realtor.com
DECEMBER 2, 2021
Getty Images / Realtor.com. “Real Housewives of New Jersey” star Teresa Giudice has had a tough year with real estate. A deal for her massive mansion in Montville Township, NJ, which had been in “sale pending” limbo for nine months, just fell through, forcing her to relist it. . In September 2020, the six-bedroom, 5.5-bathroom home the reality TV star once shared with ex-husband Joe went up for sale for $2.5 million, according to the New York Post.
Real Estate Investar
DECEMBER 2, 2021
Refinancing is a very powerful tool for property investors as it provides a means to access the equity in a property to use in order to invest elsewhere. If your goal is to build a large portfolio, arguably the most important part of the process is your ability to obtain finance and refinance when required. Not sure how to refinance in an effective way?
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Realtor.com
DECEMBER 2, 2021
Getty Images It’s the stuff of sitcoms: the thermostat wars in which one household member keeps cranking the heat and the family miser repeatedly ratcheting the dial back down. (You know who you are!). While this back-and-forth drama plays out daily in homes across America, the guideline for temperature settings sits as if carved in stone. The government’s energy-saving advice is simple: Lock in the thermostat to 68 degrees Fahrenheit while you’re awake—and then dial it back by 7 to 10 deg
Sotheby's International Real Estate
DECEMBER 2, 2021
From a US$30M sale in New York to a US$20M sale in Washington, discover five sales represented by Sotheby’s International Realty in October of 2021. New York, New York. Cortnee B. Glasser | Sotheby’s International Realty – East Side Manhattan Brokerage, Sold For $30,125,000. Wellington, Florida. Michelle Hall | Equestrian Sotheby’s International Realty, Sold For $30,000,000.
Realtor.com
DECEMBER 2, 2021
Getty Images There’s been a rebound in home-buying demand in recent weeks, as evidenced by mortgage application data. But first-time buyers aren’t behind the surge. The latest data from the Mortgage Bankers Association, for the week ending Nov. 26, showed that overall mortgage applications dropped 7.2% on a weekly basis. But loan applications for mortgages meant to purchase homes increased by 5.1% week-over-week, building on the previous week’s 4.7% uptick.
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: Meredith Kennedy leads 2022 Durham Region Association of Realtors. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Meredith Kennedy has been elected president of the Durham Region Association of Realtors.
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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